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Remarks by H.E. Ambassador Ma Zhaoxu At the at the Welcome Reception for the Boao Forum for Asia Sydney Conference 2015

Remarks by H.E. Ambassador Ma Zhaoxu

At the at the Welcome Reception for the Boao Forum for Asia Sydney Conference 2015

(July 29, Government House, Sydney)

The Hon. Mike Baird, NSW Premier

H.E. David Hurley, NSW Governor

H.E. Mr. Zhou Wenzhong, Secretary General, Boao Forum for Asia

Ladies and Gentlemen,

It is my great pleasure to attend the Reception for the Boao Forum for Asia Sydney Conference 2015. This is the second time the Forum is held in Australia. I would like to extent my sincere thanks to the NSW government and Boao Forum Secretariat for their thoughtful arrangements. I also want to express my warm greetings to all the guests here.

China-Australia comprehensive strategic partnership is making steady progress. Following His Excellency President Xi Jinping’s state visit to Australia, the two countries have made joint efforts and completed several major steps to further the momentum of this relationship.

Most recently, we signed the bilateral trade pact – ChAFTA, which marks another milestone in bilateral ties. For both countries, this historic agreement reaches the highest level of trade and investment liberalization, covering a wide range of areas such as goods, services, investment and regulation.

Early last month, Australia officially signed up to the Asia Infrastructure Investment Bank. China, Australia and other members will work together to make it a professional and highly efficient institution for infrastructure financing.

China and Australia are also exploring cooperation under China’s ‘One Belt One Road’ initiative and Australia’s Strategy to Develop the North. As these projects accommodate each other, the two countries are well positioned to share their respective strengths in market, capital, and technology and infrastructure development.

Ladies and Gentlemen,

Finance is at the heart of modern economy and one of the key highlights in China-Australia cooperation. Our financial cooperation has deepened and broadened since the beginning of this year.

The Sydney RMB Clearing Bank was launched early this year. Under the framework of ChAFTA, the two countries will carry out cooperation in banking, securities, and anti-money laundering and provide a strong support for bilateral trade, investment, infrastructure, and industrial capacity cooperation.

I hope that the two countries will seize the opportunities of ChAFTA, AIIB and “One Belt, One Road” to further our financial cooperation and set an example for the promoting of economic growth in the Asia Pacific.

Since its founding 14 years ago, the Boao Forum for Asia has become a truly global forum with increasing influence. It also adds a significant platform for dialogue and cooperation between China and Australia. I wish the Forum and the Sydney Conference every success.

Thank you.

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