QCB governor holds talks with Chinese central bank president

April 19, 2014 - 6:07:43 am
Governor of Qatar Central Bank H E Sheikh Abdullah bin Saud Al Thani (left) and People’s Bank of China President Zhou  Xiaochuan signing an agreement as other officials look on in China yesterday.

Beijing: Governor of Qatar Central Bank H E Sheikh Abdullah bin Saud Al Thani held talks with People’s Bank of China (Central Bank) President Zhou  Xiaochuan ysterday. 

The talks were attended on the Qatari side by Qatar’s Ambassador in Beijing Sultan bin Salmeen Al Mansouri and Chief Executive Officers of a number of Qatari banks, Qatar Financial Centre Regulatory Authority, Qatar Financial Markets Authority, in addition to a number of Qatar Central Bank’s ranking officials.

On the Chinese side, the session was attended by Yau Yudong, Deputy Director General of Monetary Policy Department, People’s Bank of China, in addition to a number of the Bank’s officials.

Sheikh Abdullah bin Saud Al Thani underlined the importance of relations between the Qatar and China, especially in financial and investment sectors.

Sheikh Abdullah stressed the need to revitalise the memorandum of understanding on the exchange of expertise and information in areas of concern to central banks, signed in Doha in 2012.

The President of the People’s Bank of China  praised relations between Qatar and the People’s Republic of China in all fields, especially financial and investment sectors, referring to his country’s attention to developing bilateral relations between the two countries.

Sheikh Abdullah bin Saud Al Thani and President of the People’s Bank of China signed a renewal of the agreement on the investment of Chinese currency and investment tools for two years. The agreement was signed in Doha in 2012.

On the occasion, the Governor of Qatar Central Bank and President of the People’s Bank of China exchanged memorial souvenirs.

Qatar and China are linked with diplomatic relations since 1988. Since then, the two countries signed a number of bilateral agreement foremost of which were: An agreement on trade in 1993, an agreement on the development and protection of investment between the two governments in 1999 and an agreement on the sales and purchase of Liquefied Natural Gas signed between Qatargas and  China National Offshore Oil Corporation (CNOOC) in 2008.

QNA

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