The Minister’s Mission: Strengthening Financial Ties with China
During his visit, Minister Al-Jadaan engaged in high-level discussions with his Chinese counterpart, Lan Fuan, aimed at enhancing financial, trade, and investment cooperation. The goal? To boost prosperity and fuel the growth of the global economy. This pivotal meeting took place in Beijing on a significant Monday, signaling a new chapter in bilateral relations.
Exploring Global Financial Markets
In addition to his meeting with Lan Fuan, Al-Jadaan also sat down with Wu Qing, the Chairman of the Chinese Securities Regulatory Commission. Together, they analyzed the latest developments in global financial markets, exchanging insights and strategies.
A Diverse Delegation
Accompanying Minister Al-Jadaan was Deputy Minister of Finance Abdul Mohsen Al-Khalaf, as well as key officials from the Saudi Central Bank, Capital Market Authority, and the National Center for Privatization. The presence of representatives from ZATCA, the National Development Fund, the Saudi Fund for Development, and the National Infrastructure Fund showcased the wide-ranging scope of cooperation between the two nations.
Deepening Financial Ties
At the third meeting of the Finance Subcommittee of the High-Level China-Saudi Joint Committee, Minister Al-Jadaan and Minister Lan Fuan co-chaired discussions focused on strengthening financial ties in alignment with the economic strategies of both countries. This session underscored the commitment to closer economic cooperation.
Exploring Investment Opportunities
In collaboration with the Industrial and Commercial Bank of China, the National Center for Privatization hosted a roundtable to explore investment opportunities and privatization initiatives. This marked a significant step towards mutual economic benefits and highlighted the potential for further collaboration.
Looking Towards the Future
Throughout his visit, Minister Al-Jadaan engaged with Chinese prime ministers and investors to discuss new economic and financial incentives. These discussions, framed within the ambitious Saudi Vision 2030, aim to unlock potential investment opportunities and foster greater cooperation between the two nations.
Roundtable Discussions on Infrastructure Development
Deputy Minister Al-Khalaf led a roundtable discussion with Chinese Vice Minister of Finance Liao Min, exploring bilateral investment and infrastructure development possibilities. Organized by the Chinese Ministry of Finance, the China Development Bank, and the China Investment Corporation, this dialogue highlighted the potential for collaboration in key areas of development.
