On August 28th, 2024, the 1st Conference of the 3rd General Meeting (General Election) of the Asian Financial Cooperation Association (AFCA) was held in Beijing, which elected the 3rd Board of Directors and Board of Supervisors. Mr. Gu Shu, Chairman of Agricultural Bank of China Limited, was elected Chairman of the 3rd Board of Directors. Mr. KOVÁCS Levente, Secretary General of the Hungarian Banking Association, was elected Chief Supervisor of the 3rd Board of Supervisors. Mr. Qi Jianming, was elected Secretary General of the 3rd Board of Directors. Several proposals were reviewed and approved at this conference, including the Work Report and the Financial Operating Report of the 2nd Board of Directors of AFCA, the Recommended Member List of the 3rdBoard of Directors and Supervisors of AFCA, etc. 92 members from 13 countries and regions participated in this General Meeting.
Mr. Gu addressed the conference, emphasizing that Asian financial cooperation is crucial for the stable growth of regional economy, the global financial stability and sustainable development. As an international organization in Asia, AFCA can take advantage of its non-governmental status, flexibility and accessibility to foster communication, enhance mutual trust, and build consensus, hence further advancing regional financial cooperation and development. By upholding AFCA’s purposes of “Connectivity, Cooperation, Joint Governance and Shared Benefits”, the new Board of Directors will strengthen regional dialogue and cooperation, support the “Belt and Road” Initiative, promote green and inclusive finance, and enhance international exchanges and cooperation.
As one of the founding members’ leader, Mr. KOVÁCS Levente, expressed in his speech the pride in witnessing AFCA’s growth into an influential international financial organization, emphasizing that this meeting is a key milestone in AFCA’s development. Meanwhile, he assured that the new Board of Supervisors will support, facilitate and monitor the relevant work of AFCA. The Board of Supervisors will also enhance mutual trust, build consensus, seize opportunities, and tackle challenges. Furthermore, it will strengthen economic and social cooperation in various fields, and encourage the financial sector to adopt more responsible practices for greater inclusivity and sustainability.
On August 29th, AFCA held a symposium on “Finance Boosting the Development of New Quality Productive Forces”. A visit to Xiaomi Campus was arranged for domestic and foreign members to better understand China’s new quality productive forces and to help financial institutions better serve the real economy.
