New York, April 18, 2018 – The 2018 International Finance and Infrastructure Cooperation Forum was held at Bloomberg’s headquarters in New York today. The forum, co-hosted by Bloomberg L.P. and China General Chamber of Commerce – U.S.A. (CGCC), convened top Chinese and U.S. government officials and over 300 senior business executives and financial professionals to discuss investment trends in China’s bond and equity markets, and cooperation in U.S. infrastructure. Song Xiangyan, Chief Representative for the Americas, People’s Bank of China, attended the forum and delivered a keynote speech on international finance cooperation.
In its second year, the International Finance and Infrastructure Cooperation forum provides a high-level platform for companies in the U.S. and China to exchange perspectives, amid the backdrop of the escalating trade spat between the U.S. and China.
“This forum comes at a critical juncture in the U.S. as leaders in Washington are considering new trade policies that would hamper economic growth and strain ties with nations around the world, including China,” said Michael R. Bloomberg, Founder of Bloomberg L.P. “The U.S. and China are closely interconnected and each country has a strong stake in the economic prosperity of the other. Cooperation between the U.S. and China is critical to meeting all of the challenges facing our world, from economic growth and trade to security and climate change.”
Song Xiangyan, Chief Representative for the Americas, People’s Bank of China, introduced new measures of China’s financial sector reforms, “The recent reform and opening-up measures in the Chinese financial sector will open new windows for the foreign investors to expand their business in China.”
“This requires each and every one of us to take a ‘global and multilateral’ approach to build bridges and resolve our differences by seeking practical solutions,” said Xu Chen, Chairman of CGCC, President, and CEO of Bank of China USA.
Senior executives from Kranshares, Bloomberg, Vanguard, and Standard Chartered participated in a panel on investing in China’s bond market. In another panel, experts from UBS, MSCI, Sigma Capital Management and Bank of China International discussed the investment opportunities and challenges in China’s equity market.
Anthony Foxx, United States Secretary of Transportation from 2013 to 2017 and Managing Partner & Founder of Related Infrastructure, delivered a keynote speech on the policy, practicality and innovative opportunities in infrastructure development.
At the two panels on infrastructure, officials from states government, representatives from leading infrastructure companies and real estate companies discussed the new financing paradigm of modern infrastructure in a global economy and infrastructure cooperation. Yuan Ning, Chairman and President of China Construction America and Vice Chairman of CGCC; senior executives from Loop Capital, Stonepeak, American Infrastructure MLP Funds, the Carlyle Group; Ali Chaudhry, Deputy Secretary for Transportation to Governor Andrew M. Cuomo; and Susan Shaw, Megaprojects Director of Northern Virginia District, Virginia Department of Transportation shared their respective experiences, the challenges and opportunities and views on the outlook of the infrastructure industry.
“The key to successful infrastructure is not just construction but also creativity. It is not a simple design and construction, but it should include the entire industrial chain of planning, investment and financing, design and construction, operation management, and realize the infrastructure from scratch,” said Yi Luping, President of China Communications Construction Company USA and Executive Board Director of CGCC.
Bloomberg, the global business, and financial information and news leader gives influential decision makers a critical edge by connecting them to a dynamic network of information, people, and ideas. The company’s strength – delivering data, news, and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.
China News Service
China Radio International UN Bureau
Consulate General of the People’s Republic of China in New York
South China Morning Post
TA KUNG PAO, NY bureau
Xinhua News Agency
Xinhua News Agency