Boao Forum for Asia Financial Cooperation Conference concludes in Dubai

High-level discussions advance dialogue on collaboration between the UAE and China as well as Asia’s integration into the global economy
 
DUBAI, UAE, November 25, 2014 - The Boao Forum for Asia (BFA) Financial Cooperation Conference, hosted by the Government of Dubai, concluded today after two days of fruitful discussion on forging a collaborative, common agenda on how to further integrate Asia into the global economy.
 
The event – facilitated by Falcon and Associates - promoted dialogue about infrastructure financing and construction, trends in energy supply and demand, cooperation between China and the UAE and working together to establish a safe, secure, and efficient financial system for Asia.
 
During his closing remarks, Hongbin Cong, Managing Director, Invest Dubai, Falcon and Associates, said: “The Boao Forum for Asia Financial Cooperation Conference has been incredibly constructive. It was not only a platform for deepening dialogue on Asia’s most pressing development and economic issues, it has been an opportunity to discuss mutually beneficial ways that we can work together and strengthen relationships, bringing Dubai, China and wider Asia even closer together. By visiting the UAE, delegates have been able to see for themselves the can-do spirit of Dubai and gain a better understanding of the potential opportunities that exist here for them.”
 

Xiyu Yang, Executive Vice President, Boao Forum for Asia Institute, said: “Boao Forum for Asia Financial Cooperation Conference in Dubai was a great success. It created a bridge for communication between East and West Asia. It has brought together Chinese, Asian and Middle Eastern entrepreneurs and allowed both parties, particularly in terms of finance, to better understand their respective needs. It also established a foundation for further collaboration in the future and furthered conversation on the need to establish a safe, reliable and healthy financial system among government officials, entrepreneurs and academics, bringing new reflections and insights.”

 
The first BFA event to be staged in the Middle East – held at Atlantis The Palm, Dubai -  brought together over 350 high-ranking government officials, global finance leaders, policy makers and academics from across the region and set the stage for win-win partnerships in energy and financial services industries.
 
Infrastructure investment was addressed in depth, where Jin Liqun, Secretary General of the Interim Secretariat of the newly established Asian Infrastructure Investment Bank (AIIB), delivered a call for greater support for and between Asian countries as they continue on their path of growth.
 
Panelists, including Abdulla Mohammed Al Awar, CEO, Dubai Islamic Economy Development Centre; Chirag Shah, Chief Strategy & Business Development Officer, DIFC Authority; and Jia Kang, President, China Institute of Supply Economics, and Research Fellow, Research Institute of Fiscal Science, Ministry of Finance of China; discussed the role of Dubai in cross-regional financial cooperation in Asia Pacific market, while His Excellency Abdulla Al Saleh, Undersecretary of the UAE Ministry of Economy – Foreign Trade and Industry, and HE Wang Heshan, Vice Governor, Ningxia Hui Autonomous Region, participated in a panel discussing economic cooperation at a local level between China and UAE.