On September 16, 2011, Chinese Ambassador Hu Shan met with Ms. Wendy Warren, CEO of the Bahamas Financial Services Board, who will visit China soon. Mr. Zhai Xingfu, Counsellor and Mr. Hong Yanming, Third Secretary of the Chinese Embassy were present at the meeting.
Ms. Warren said China has obtained eye-catching and admirable achievements in its economic development. Its financial industry has also made considerable progress in recent years. Therefore she has decided to lead a delegation to Beijing, Shanghai and Hong Kong, hoping to exchange views on financial issues and explore possibility of China-Bahamas financial cooperation with relevant Chinese departments and organizations. Ms. Warren emphasized that The Bahamas is the desirable place for foreign financial investors due to its special geographical location and sound supervision systems. As an outcome of an innovative commitment by the financial industry and the government of the Bahamas in 1998 aiming at promoting Bahamas' financial service industry, expanding its influence as an international financial center and offering advisory services to public and private sectors, the BFSB has developed into a distinctive entity with more than 150 members including banks, brokers, insurance companies and accounting firms. The BFSB is willing to work closely with competent Chinese authorities to promote bilateral cooperation.
Ambassador Hu said that China ad The Bahamas have made fruitful and effective progress in economic and trade cooperation. There is great potential in livelihood-related areas such as renewable resources, agriculture and traditional Chinese medicine between the two sides. So we should strengthen our cooperation in this regard. The Chinese Embassy is willing to facilitate the exchanges and communication in financial services between our two countries.