Interview: Senior EU official calls for close EU-China cooperation in financial service
                 Source: Xinhua | 2018-09-13 18:25:56 | Editor: huaxia

Photo taken on Sept. 5, 2018 shows European Commission Vice President Valdis Dombrovskis during an exclusive interview with Xinhua outside the European Commission headquarters in Brussels, Belgium. (Xinhua/Ye Pingfan)

BRUSSELS, Sept. 13 (Xinhua) -- European Commission Vice President Valdis Dombrovskis has called for close cooperation between the European Union (EU) and China in financial services, urging both sides to work together to make international financial system "safe, stable and efficient."

The Commission Vice President for Euro and Social Diologue, who is also in charge of EU's Financial Stability, Financial Services and Capital Markets Union, made the remarks during an exclusive interview with Xinhua.

Dombrovskis has planned to go to China for an official visit on financial market matters in Beijing and also for the World Economic Forum in Tianjin, a northern Chinese port city, later this month.

STRATEGIC COOPERATION ON FINANCIAL SERVICE

"China is a strategic partner for the EU. We have many economic and other common interests, which call for close cooperation. My visit is intended to contribute to feeding our strategic cooperation, with a particular emphasis on financial services," said Dombrovskis.

The Vice president said that two-way investment between China and the EU has risen over the last few years, including in the financial sector and urged both sides to keep the momentum

"This is a very dynamic sector, which evolves rapidly. Because of its international nature, it is key that regulators and supervisors keep each other informed of developments within their respective jurisdictions and work together to identify and resolve issues," said the former Prime Minister of Latvia from 2009 to 2014.

He said the EU welcomes the reforms introduced by the Chinese government to facilitate further investment. And the EU also welcomes the progress that was made in the negotiations on the Comprehensive Agreement on Investment at the EU-China Summit of July 2018. "We should keep the momentum it created," he said, adding that he intended to explore with Chinese authorities possibilities of cooperation in an international context.

"Both China and the EU are global players in the area of financial services and should take responsibility to make the international financial system safe, stable and efficient," said the EU senior official.

To reach that goal, the EU and China need to work together in international forums like the G20 and the Financial Stability Board.

"It is important that we don't consider finance as an economic sector that operates in a vacuum. On the contrary, it is essential in the smooth running and shaping of an economy," he said.

SUSTAINABLE FINANCE

Meanwhile, Dombrovskis noted that financial services can play a role in promoting sustainable growth. Sustainable finance is a priority for the EU, he said, expressing hope "China will help us with promoting it at international level."

He said that the European Commission has already adopted in March the Action Plan on Financing Sustainable Growth and then in May three legislative proposals to deliver it to encourage the EU financial sector to invest in a greener and cleaner economy.

Banks can play a key role in financing the decarbonisation of the European economy and the main challenges for European banks now are to readjust their business models to become more sustainable, and to ensure that environmental risks are fully integrated in financial decision making and risk strategies, he told Xinhua.

"Sustainable finance is a cross-border issue and therefore China-EU cooperation in sustainable finance is indispensable," the vice president said, adding that a stronger partnership on sustainable finance could be further pursued although a bilateral exchange of views has already taken place.

He said in the context of the post-crisis revamp of financial regulation at the global level, the EU has done a lot to strengthen the resilience of its banks, including those with a global reach. "Yet some vulnerabilities remain, of course, and the EU has completely focused on addressing them, e.g. via its efforts to advance Banking and Capital Market Unions. "

As for China's financial markets, Dombrovskis said though there are vulnerabilities, governance and transparency have improved markedly in recent years, in parallel with the increased access granted to foreign investors. some of the risks are moving outside of the regulated perimeter and into the "shadow" banking sector. What bears close monitoring is that some of the risks are moving outside of the regulated perimeter and into the "shadow" banking sector as supervision tightened.

The EU and China both believe in the importance of preserving the effectiveness of the multilateral economic governance system. "We do have a good cooperation with the Chinese supervisory authorities, both on a bilateral basis, and within global," said the senior official.

"I am confident this will continue, including in newly topical areas such sustainable finance," he added.

Back to Top Close
Xinhuanet

Interview: Senior EU official calls for close EU-China cooperation in financial service

Source: Xinhua 2018-09-13 18:25:56

Photo taken on Sept. 5, 2018 shows European Commission Vice President Valdis Dombrovskis during an exclusive interview with Xinhua outside the European Commission headquarters in Brussels, Belgium. (Xinhua/Ye Pingfan)

BRUSSELS, Sept. 13 (Xinhua) -- European Commission Vice President Valdis Dombrovskis has called for close cooperation between the European Union (EU) and China in financial services, urging both sides to work together to make international financial system "safe, stable and efficient."

The Commission Vice President for Euro and Social Diologue, who is also in charge of EU's Financial Stability, Financial Services and Capital Markets Union, made the remarks during an exclusive interview with Xinhua.

Dombrovskis has planned to go to China for an official visit on financial market matters in Beijing and also for the World Economic Forum in Tianjin, a northern Chinese port city, later this month.

STRATEGIC COOPERATION ON FINANCIAL SERVICE

"China is a strategic partner for the EU. We have many economic and other common interests, which call for close cooperation. My visit is intended to contribute to feeding our strategic cooperation, with a particular emphasis on financial services," said Dombrovskis.

The Vice president said that two-way investment between China and the EU has risen over the last few years, including in the financial sector and urged both sides to keep the momentum

"This is a very dynamic sector, which evolves rapidly. Because of its international nature, it is key that regulators and supervisors keep each other informed of developments within their respective jurisdictions and work together to identify and resolve issues," said the former Prime Minister of Latvia from 2009 to 2014.

He said the EU welcomes the reforms introduced by the Chinese government to facilitate further investment. And the EU also welcomes the progress that was made in the negotiations on the Comprehensive Agreement on Investment at the EU-China Summit of July 2018. "We should keep the momentum it created," he said, adding that he intended to explore with Chinese authorities possibilities of cooperation in an international context.

"Both China and the EU are global players in the area of financial services and should take responsibility to make the international financial system safe, stable and efficient," said the EU senior official.

To reach that goal, the EU and China need to work together in international forums like the G20 and the Financial Stability Board.

"It is important that we don't consider finance as an economic sector that operates in a vacuum. On the contrary, it is essential in the smooth running and shaping of an economy," he said.

SUSTAINABLE FINANCE

Meanwhile, Dombrovskis noted that financial services can play a role in promoting sustainable growth. Sustainable finance is a priority for the EU, he said, expressing hope "China will help us with promoting it at international level."

He said that the European Commission has already adopted in March the Action Plan on Financing Sustainable Growth and then in May three legislative proposals to deliver it to encourage the EU financial sector to invest in a greener and cleaner economy.

Banks can play a key role in financing the decarbonisation of the European economy and the main challenges for European banks now are to readjust their business models to become more sustainable, and to ensure that environmental risks are fully integrated in financial decision making and risk strategies, he told Xinhua.

"Sustainable finance is a cross-border issue and therefore China-EU cooperation in sustainable finance is indispensable," the vice president said, adding that a stronger partnership on sustainable finance could be further pursued although a bilateral exchange of views has already taken place.

He said in the context of the post-crisis revamp of financial regulation at the global level, the EU has done a lot to strengthen the resilience of its banks, including those with a global reach. "Yet some vulnerabilities remain, of course, and the EU has completely focused on addressing them, e.g. via its efforts to advance Banking and Capital Market Unions. "

As for China's financial markets, Dombrovskis said though there are vulnerabilities, governance and transparency have improved markedly in recent years, in parallel with the increased access granted to foreign investors. some of the risks are moving outside of the regulated perimeter and into the "shadow" banking sector. What bears close monitoring is that some of the risks are moving outside of the regulated perimeter and into the "shadow" banking sector as supervision tightened.

The EU and China both believe in the importance of preserving the effectiveness of the multilateral economic governance system. "We do have a good cooperation with the Chinese supervisory authorities, both on a bilateral basis, and within global," said the senior official.

"I am confident this will continue, including in newly topical areas such sustainable finance," he added.

010020070750000000000000011100001374654801
凤凰彩票 大发app 凤凰彩票app 乐发iv游戏平台 凤凰彩票大厅 乐发彩票 乐发彩票app下载 大发彩票 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 凤凰彩票大厅 乐发官网 乐发ii下载入口 乐发ll 乐发v平台 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 乐发lv 乐发lll安装 乐发lv 乐发登录入口 乐发iv游戏平台 凤凰彩票登录 网信彩票 彩神 彩神彩票官方网站 彩神彩票官网首页 彩神官方app下载安卓版 凤凰彩票登录 彩神v3 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 快3官网 网信彩票 快3app 网信彩票平台 百姓彩票平台 网信平台官网 快3app下载 百姓彩票 每日彩票 快3app 百姓彩票 每日彩票 快3app 百姓彩票平台 幸运5分彩快3 快3彩票app下载 百姓彩票网站网址 大发10分PK10 快3下载 网信彩票平台 网信平台官网 快3彩票官网app 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 大发彩票app下载 百姓彩票网站网址 彩神购彩平台 每日彩票 官方正规快三彩票平台 彩神彩票购彩平台 百姓彩票 凤凰彩票购彩平台 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 凤凰彩票登录 乐发lv 乐发∨Il 百姓彩票网站网址 乐发彩票 乐发彩票官方网站 乐发lll安装 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 一分快3 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 乐发lll 乐发ii下载入口 乐发彩票官方网站 凤凰彩票官方网站 凤凰快3 彩神彩票官网首页 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 凤凰彩票app 乐发app 网信彩票平台 网信彩票平台 乐发iv游戏平台 凤凰彩票app 乐发lv 乐发彩票app下载 凤凰彩票app 网信彩票平台 乐发彩票app下载 乐发lv 乐发app 大发彩票安卓下载 大发彩票安卓下载 大发彩票 乐发彩票app下载 网信彩票平台 乐发iv游戏平台 彩神彩票 乐发彩票中心 极速快3彩票平台 人人快三凤凰 大发彩票app 大发彩票大全 乐发彩票 彩神彩票官方网站 乐发app 酷天堂彩票平台 凤凰彩票app下载 凤凰彩票大厅 凤凰彩票app 极速快3彩票平台 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 大发彩票app 网信彩票用户 百姓快三 百姓彩票平台 乐发lv 乐发彩票app下载 彩信平台 网信彩票 乐发彩票官方网站 乐发∨Il 人人快三凤凰 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 人人快三凤凰 乐发彩票 彩神彩票 乐发iv游戏平台 乐发彩票 大发彩票中心 凤凰彩票登录 凤凰彩票app 彩神彩票 大发彩票 乐发ll 大发彩票app 凤凰快3 凤凰彩票 彩神彩票 乐发ll 凤凰彩票 乐发lll 凤凰彩票大厅 网信彩票 彩神彩票 乐发lv 快盈彩票 乐发彩票官方网站 盈彩网投资平台 大发官网 一分时时彩 乐发lv 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 彩神iv 大发彩票app 大小单双平台 一分pk10 乐发lv 快盈彩票 乐发官网 快彩彩票 百姓彩票 凤凰彩票大厅 网信彩票 乐发彩票中心 网信快3 乐发 彩神xl 三分快3 大发彩票 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 乐发彩票官方网站 大发彩票 乐发 分分快3 彩神vl 55世纪 55世纪 凤凰快3 乐发彩票 乐发lv welcome凤凰彩票 乐发ll 1分快3 彩神 彩神ll 1分快3官网 1分快3的平台 welcome凤凰彩票 三分快3 彩神x 彩神vl 凤凰彩票 彩神xl 大发彩票 凤凰彩票大厅 乐发官网 乐发ll 乐发lll 乐发lv 大发彩票app 大发彩票 乐发 乐发彩票 乐发彩票中心 凤凰快3 乐发彩票 彩神xl 腾讯快3 大发彩票 彩神xl 大发彩票 乐发彩票 大发彩票app 快3平台 乐发 1分快3 乐发彩票 彩神x 凤凰快3 彩神xl 彩吧助手 大发彩票app 快3平台 大发排列3 彩神iv 彩神vl 乐发IV 彩神x 一分pk10 大发排列3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 一分pk10 凤凰彩票 乐发Vll 大发官网 乐发ll 大发彩票 乐发1 凤凰快3 彩神vl 乐发lx 百姓彩票 乐发VI 彩神x 乐发IV 极速快3 乐发 凤凰快3 网信快3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 凤凰彩票大厅 乐发lv 乐发lv 乐发lv 凤凰彩票 大发彩票 大发彩票 凤凰彩票 乐发lv 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 彩神x 乐发 乐发ll 极速快3 乐发lv 乐发彩票中心 快3彩票 凤凰彩票大厅 彩神x 凤凰彩票app 分分快3 网信彩票 网盟彩票 凤凰彩票 百姓彩票 乐发 快彩彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 极速快3 乐发ll 网信彩票 乐发lv 全民彩票 凤凰彩票app下载 快盈彩票 大发彩票app 大发官网 凤凰彩票 彩神iv 大发彩票 网信快3 凤凰彩票 百姓彩票