Switzerland and China Agree to Closer Financial Sector Cooperation

by swisscham in Bilateral Relations

Finance Minister Eveline Widmer-Schlumpf met with China’s central bank governor Zhou Xiaochuan for bilateral talks in Zurich today. She was accompanied by Swiss National Bank Chairman Thomas Jordan. Yesterday, the second financial dialogue between the Swiss and Chinese authorities took place in Bern. The dialogue focused on the contribution and enhanced role of the Swiss financial sector in the process of internationalization of the Chinese currency, the renminbi. The two sides agree to continue to cooperate closely in developing a renminbi centre in Switzerland. The first financial dialogue between Switzerland and China was held in Shanghai in December 2013. These regular dialogues will help foster and intensify the cooperation between the competent authorities of both countries in the financial sector.

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