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The Ninth China and South Korea High-level Financial Dialogue Held in Chongqing

On September 1, the Ninth China and South Korea High-level Financial Dialogue was held in Chongqing. Wang Zhongyu, former vice chairman of the CPPCC National Committee and chairman of China Enterprise Confederation and Xu Changxiu, president of Federation of Korean Industries attended this dialogue.
 
It was said that the first high-level financial dialogue between China and South Korea was held in 2004 and it is the first time for such a dialogue held in Western China, in which over 100 entrepreneurs from China and Korea attended. Representatives from two sides have a thorough exchange and have reached a broad consensus on the topic of "the Construction of China-South Korea Free Trade Area and Comprehensive and In-depth Trade Cooperation” around the tremendous achievements made with President Park Geun-hye during President Xi Jinping’s trip to South Korea this July.
 
Wang Zhongyu said, China-South Korea economic and trade relations have witnessed a rapid development and China has become South Korea’s top trading partner, largest market of exports and largest source of imports.
 
During the next stage, both China and South Korea shall speed up the construction of the Free Trade Area (FTA) between China and South Korea and enhance the level of trade. The two countries should also seize the opportunity to gradually deepen the industrial cooperation between each other. Besides the bilateral cooperation shall be strengthened to boost a mutually beneficial and win-win friendly relationship among enterprises and jointly make contribution to promote the common development between Sino-Korean enterprises to a new level.
 
Huh Chang-Soo said, from the first high-level financial dialogue between China and South Korea held in 2004 till now, the bilateral trade between two countries has experienced rapid growth, which is the result of the sustainable development of relationship between the two countries. He hopes that both China and South Korea give full play to each other’s disadvantages and explore the pattern for the construction of FTA and the way of cooperation to bring opportunities for win-win development through this precious platform.
 
Chongqing Municipal Committee, Deputy Mayor Weng Jieming said in the address, Chongqing and South Korea enjoy a deep connection and wide contact. Chongqing has superior geographic conditions, sound industrial foundation and favorable policy environment. Besides, many ports opened to the outside world are located in Chongqing, like Liangjiang New Area and the inland bonded area and so on. In this way he hoped that South Korean entrepreneurs can be more and more concerned about Chongqing and invest in Chongqing to actively carry out the all-round cooperation with Chongqing.
 
Li Decheng, executive vice chairman and director of China Enterprise Confederation, Huang Haisong, Yin Yuanping and Li Mingxing, vice chairman of China Enterprise Confederation, Ren Hongbin, president of China National Machinery Industry Corporation, Lai Xiaomin, president of China Huarong Asset Management Co., Ltd. and Yu Yuanmu, chairman of the Federation of Enterprises in Chongqing Municipality attended this high-level financial dialogue.
   

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