BRUSSELS, 11 January 2018 – Seeking for more exchange with Asian financial institutions, WSBI has joined the Asian Financial Cooperation Association (AFCA) which unites financial institutions, financial industry associations, relevant professional service agencies and financial sector experts from Asian countries and regions.
AFCA is devoted to building an exchange and cooperation platform for Asian financial institutions, strengthening exchanges among regional financial organisations and financial resources integration, jointly safeguarding regional financial stability, and supporting the development of real economy in the region.
The association was established in May 2017 and is strongly supported by the Chinese government and China Banking Association. It promotes One Belt and One Road initiative by seeking financial connectivity in Eurasian countries.
As a member of AFCA, WSBI will gain more insights into banking landscape in Asia, cross-border financial infrastructure and business development opportunities. WSBI will also have access to AFCA's research, publications and contacts.
In 2018 AFCA will focus on the establishment of different working committees and the organisation of a high level forum for Asian bankers. Launching a publication “Asian Financial Observation" is also among the priorities for 2018. The publication will provide the latest information on Asian finance and banking.
WSBI is sure this membership will extend its network and knowledge in Asian financial market, and will contribute to AFCA's mission of cooperation and experience exchange.