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Switzerland, China Hold First Round Of Financial Talks

by Ulrika Lomas, Lowtax.net, Brussels
09 December, 2013

The first financial dialogue between Switzerland and China has taken place recently in Shanghai .

According to the Swiss Federal Department of Finance (FDF), the objective of this dialogue is to foster and enhance cooperation between the two countries in the area of finance. During the course of the meeting, the talks touched upon greater involvement of the Confederation in the internationalization of the renminbi. Further, topical issues such as regulation and supervision, financial service provision, and cooperation in international bodies were addressed.

The initiation of financial dialogue between Switzerland and China was agreed on May, 24, 2013, with the signing of a Memorandum of Understanding (MoU). The FDF stressed that the talks between the two countries represent "a sound foundation for a strengthened cooperation with China on financial issues."

The discussions are to be continued in Switzerland next year.

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