Sino-German Financial Cooperation: MoU Signed by Frankfurt Main Finance and China Innovation Finance Institute

Publish： 2023-11-25

During the first Chengdu Finance Week, Frankfurt Main Finance (FMF) and the China Innovation Finance Institute signed a Memorandum of Understanding on strengthening Sino-German cooperation in the financial sector.

Frankfurt Main Finance (FMF) and the China Innovation Finance Institute(CIFI) published the financial centre development initiative during the first Chengdu Finance Week, with the aim of further strengthening close cooperation in the future. A Memorandum of Understanding (MoU) was signed in Chengdu by Mr. Andreas Glänzel, Managing Director of Frankfurt Main Finance, and Mr. Calvin Chenggang FU, Chairman of China Innovation Finance Institute.

The memorandum serves to strengthen the Sino-German cooperation in the financial sector. The CIFI will support FMF in further establishing Frankfurt as one of the world’s leading financial centres and promote its strategies in the financial markets in Greater China, especially in Western China. FMF supports Chengdu’s development into a leading financial centre in Western China.

To this end, the two financial centre initiatives will organize joint training courses, conferences and other activities to increase market awareness and media presence of both financial centres. In addition, CIFI and FMF will cooperate on research and thought leadership articles.

"The Frankfurt financial centre would like to thank the China Innovation Finance Institute | Chengdu for the excellent cooperation. The mutual support in a broad range of topics is the right step to further advance our profile as leading financial centres."

— Andreas Glänzel, Managing Director of the Frankfurt Main Finance

"We are very honored and pleased to sign this groundbreaking MoU with FMF, which will not only benefit two cities in achieving their goals in developing a leading financial centre for each country and region, but also greatly facilitate the companies in exploring the markets of each other. Starting from this MOU and the joint efforts behind it, we believe the government, industry and financial sector of Western China will have more new financial and investment collaboration with Frankfurt, the leading international financial centre with world-class financial service and ecosystem. We believe this milestone effort will lead to much solid outcomes in diversified areas of the very near future."

— Calvin Chenggang FU, Chairman of the China Innovation Finance Institute

Both parties are aiming for a long-term and in-depth partnership covering many areas of the financial sector.

【About China Innovation Finance Institute】

China Innovation Finance Institute was established in 2022 with the approval of Chengdu Municipal Local Financial Regulation Bureau and registration with Chengdu Civil Authorities.

The institute conducts high-quality research on innovative finance, innovative investment and innovative economy, promotes the construction of the western financial centre and the development of the Belt and Road financial service centre in Chengdu in a scientific, systematic and practical way. Furthermore, it promotes cooperation in innovative finance and innovative investment with the world’s major international financial centres and international innovation centres.

【About Frankfurt Main Finance】

Since 2008, Frankfurt Main Finance (FMF) has been the financial centre initiative of the leading financial centre in Germany and the euro zone. Its more than 75 members include the State of Hesse, the cities of Frankfurt and Eschborn, numerous well-known financial market players and their service providers as well as private and public universities. Frankfurt Main Finance offers its members a platform for contacts in the world of finance and politics to realise ideas in the financial centre with partners, to initiate business with other financial centres for high quality events on topical issues, to support effective and sustainable public relations, and to effectively promote Frankfurt as a financial centre.