From June 18th to 19th, Asia Digital Bank (AsiaDB) research team attended the online cloud conference of the twelfth Lujiazui Forum with the theme of “Shanghai International Financial Center 2020: New Starting Point, New Mission, and New Vision”. At the meeting, several senior Chinese government officials, including Vice Premier Liu He, Governor of the People’s Bank of China Yi Gang and so on, have important speech on how to play the role of Shanghai’s international financial center and promote the deepening of global economic and financial cooperation through cloud connection. At the same time, Deputy Prime Minister of Singapore Wang Ruijie said in a video speech that ASEAN financial cities represented by Singapore is willing to carry out diversified and active cooperation with Shanghai, and take the RMB business, technology finance, green finance and other fields as breakthroughs to create new channels to promote an interconnected capital market.
After the meeting, the research team summarized the important policy directions mentioned in the forum, and conducted in-depth discussions on how to combine and make good use of these policy directions and related advantages of the bank to promote business development and orientation setting. For example, Vice Premier of the State Council of China Liu He mentioned that “after the epidemic, a new pattern of dual-cycle development model is emerging, which is dominated by domestic circulation and bidirectional boosted between international and domestic circles.” Asia Digital Bank (AsiaDB) is accelerating the landing of the technology financial operation platform in Shanghai, China. In the future, it will use the Malaysia headquarters as a base and a starting point to link with platform companies in China, to promote mutual cooperation between capital and resources. As a result, it helps the intelligent management, coordinated allocation and efficient revitalization of assets in international financial cities such as Labuan, Kuala Lumpur of Malaysia, and Shanghai of China, especially during the economic recovery after the epidemic.
