Party Secretary Li tours international organizations in city

Shanghai Party Secretary Li Qiang conducted an investigation tour of New Development Bank, the Global Association of Central Counterparties (CCP12), the Asia Maritime Technical Cooperation Center and other international organizations in Shanghai on Thursday afternoon.

Li expressed his gratitude to the international organizations for their help and support and hoped that they will deepen cooperation and exchanges with Shanghai and assist the city to upgrade its core competitiveness and urban management.

He talked to the management team of NDB, including Chief K.V. Kamath, during his visit to the bank’s new headquarters building. NDB is the first multilateral development bank to set up headquarters in Shanghai. So far the bank has approved more than 50 investment projects with a cumulative amount of more than US$15 billion.

NDB, established in 2015, has attracted 150 staff from all BRICS countries to support projects in the emerging markets of Brazil, Russia, India, China and South Africa.

The CCP12 is the first international financial organization to settle in Shanghai. Since the association’s official opening in Shanghai in 2016, it has 37 members from major global economies, with an average daily settlement volume of US$10 trillion-plus.

The CCP12 is an important partner of national regulators such as the Financial Stability Board, Bank for International Settlements and the International Organization of Securities Commissions.

Li listened to introductions from Shi Xin, head of the Asia Maritime Technology Cooperation Center, on education, training, technological innovation, platform construction and cultural exchanges.

The Asia Maritime Technical Cooperation Center is the first entity authorized by the United Nations International Maritime Organization in China.

City leader Zhuge Yujie also joined the inspection tour.