The agreement will promote training, internships and conferences for
both cities' financial services industry
SHANGHAI, People's Republic of China, Oct. 22, 2013 /CNW Telbec/ - As
part of the ongoing mutual efforts to strengthen the business relations
between Canada and China, Finance Montréal and the Shanghai Financial
Association signed in Shanghai a Memorandum of Understanding (MOU). The
agreement opens a new domain of collaboration between the sister cities
of Shanghai and Montréal who have been linked as such since 1985. It
expresses the willingness of Finance Montréal and the Shanghai
Financial Association to increase cooperation between the two financial
services industries and develop new activities to create mutually
beneficial business opportunities. The signature took place during the
mission of the Québec Government in China under the leadership of the
Minister of International Relations, La Francophonie and External Trade
of Québec, Mr. Jean-François Lisée.
The cooperation will focus on four main activities:
Participation in seminars and conferences in Shanghai and Montréal
covering specific topics of interest to the Chinese and Canadian
Assistance between financial training institutions in Shanghai and
Montréal to enhance the scope and the effectiveness of their respective
Specialised courses in collaboration with training institutions in
Shanghai and Montréal for representatives of financial firms in both
cities combining group study sessions and visits to local firms.
Specialised internships in Shanghai and Montréal for finance students in
both cities in collaboration with local firms.
"We are very pleased to have concluded this agreement with the Shanghai
Financial Association, a true strategic partner for the development of
Montréal's financial industry. We look forward to exchange on our
mutual financial expertise and best practices. We see this agreement as
an important tool to increase business ties between our two cities and
as a catalyst for all members of Finance Montréal and the Shanghai
Financial Association to grow their relationships with one another"
said Eric Lemieux, Chief Executive Officer of Finance Montréal.
"This agreement is a win - win partnership that is testimony to the
strong relationship that China and Canada, and in particular Shanghai
and Montréal, have had for almost 30 years. As our economies are
evermore linked together and with the rest of the world, it is
important that centres of excellence in financial services exchange
with one another and learn from emerging trends in the industry. This
collaboration between de Shanghai Financial Association and Finance
Montréal will support our mutual growth objectives and help achieve
international recognition for Montréal and Shanghai as world class
international financial hubs" said Wang Zhe, Vice-President of the
Shanghai Financial Association and President of the China Foreign
Exchange Trade Center.
The activities forecasted for 2014 will be determined in the coming
weeks and will be communicated to the members of both organizations.
About Finance Montréal
Finance Montréal, Québec's financial cluster, was created in November
2010 by major players of the financial services industry at the
invitation of the Québec Government. Finance Montréal's mission is to
continuously expand Montréal's reputation on the world financial
markets, promoting the city as a strong and innovative industrial hub
that contributes to Québec's economic development. The organization
helps strengthen Québec's financial sector by generating growth in high
value-added financial activities strategic to its development. A
non-profit organization with 22 Governors, 12 Associate Members and
close to 100 volunteer professionals, Finance Montréal fosters
cooperation among a vast range of financial sector companies to watch
over the industry's common interests while generating higher awareness
of the financial specializations found in Montréal. To learn more about
Finance Montréal, visit www.finance-montreal.com.
About Shanghai Financial Association
Shanghai Financial Association (SFA) is a nonprofit social organization
with its cross-sectors, cross-industries and alliance mission.
Initiated by financial trade associations, financial markets, large
financial institutions and intermediary services organizations in
Shanghai, SFA is registered at Shanghai Administration Bureau of NGOs
and supervised by Shanghai Financial Service Office.
Image with caption: "Mr. Eric Lemieux, CEO, Finance Montréal, Mr. Jean-François Lisée, Minister of International Relations and External Trade of Québec, Mr. Tim Xu, Deputy Secretary General, Chamber of International Commerce Shanghai, World Trade Center Association Shanghai, Mr. Wang Zhe, Vice-President of the Shanghai Financial Association and President, China Foreign Exchange Trade Center (CNW Group/Finance Montréal)". Image available at: http://photos.newswire.ca/images/download/20131022_C6023_PHOTO_EN_32372.jpg
Image with caption: "Finance Montréal Logo (CNW Group/Finance Montréal)". Image available at: http://photos.newswire.ca/images/download/20131022_C6023_PHOTO_EN_32373.jpg
Image with caption: "Shanghai Financial Association Logo (CNW Group/Finance Montréal)". Image available at: http://photos.newswire.ca/images/download/20131022_C6023_PHOTO_EN_32374.jpg
SOURCE: Finance Montréal
For further information:
Director of Communications
+1 514 287-1540 ext. 227
Shanghai Financial Association
Cell phone: +13585837389