Work together for a new chapter of “Portuguese” cooperation—Seminar on Monetary and Banking Management for Portuguese Speaking Countries Completed Successfully

On the afternoon of August 2, 2022 (GMT+8), the closing ceremony for “Seminar on Monetary and Banking Management for Portuguese Speaking Countries”  hosted by the Ministry of Commerce and organized by MOFCOM Training Base for International Business Officials (Shanghai) was held online. Chen Wei, executive vice dean of International Education College of Shanghai Business School and Xiao Benhua, Shanghai Government distinguished expert for decision-making and consulting and professor from Shanghai Lixin University of Accounting and Finance attended the ceremony and delivered speeches.

The seminar lasted 21 days and 68 government officials from Angola, Mozambique and Sao Tome and Principe attended. During the seminar, a number of lectures, exchanges, cultural experiences and other activities were organized to introduce the achievements and experiences in the development of China’s monetary and banking management, deepen the participants’ knowledge and understanding of China, and promote the exchange and cooperation between countries in this field.

Chen Wei mentioned in his speech that the economic and trade cooperation and humanistic exchanges between China and Portuguese-speaking countries have been deepening, China has become one of the most important trade partners of Portuguese-speaking countries, and the economic and trade cooperation between China and Portuguese-speaking countries is becoming more and more diversified. This seminar is of profound significance and rich in practical connotation. He hoped that the participants could use this seminar as a new starting point to jointly promote the construction of B&R in the context of global economic integration, and make a new and greater contribution to promoting economic and trade cooperation between China and Portuguese-speaking countries and enhancing people’s welfare.

Xiao Benhua pointed out that China’s financial reform did not copy the model of western developed countries, but adopted a gradual model to promote it according to China’s national conditions. For some high-risk financial reform projects have also adopted the model of replication in the free trade zone after experimentation.This gradual financial reform model not only promotes the development of China’s financial industry, but also prevents the occurrence of systemic financial risks. He hoped that the participants would combine the theoretical knowledge they learned with their own national conditions after the seminar and promote the development of monetary and financial management in their respective countries from their own realities.

Mr. Olinto de Graça de Sousa Costa, Tax Division, Ministry of Finance, Sao Tome and Principe, spoke on behalf of all participants. He said that the seminar was fruitful, through the 21 days of dedicated and enthusiastic learning, sharing and exchange activities, all the participants gained a lot, not only deepened their knowledge of Chinese culture and China’s development achievements, but also established a platform for cooperation. He expressed his sincere gratitude to the university for its contribution to the promotion of friendship between the countries, to the experts for the wealth of knowledge they imparted, to the translators who worked tirelessly, and to all the staff of the management team behind the scenes with their hard work.

Written by: Liu Liu

Photos by: Li Zheng

Reviewed by: Chen Wei