China-Norway coop held in Shanghai

China and Norway joined hands in a financial cooperation seminar held in Shanghai.

The cooperation between China and Norway has flourished in many areas, including political, cultural, environmental, educational, sport, science, trade, investments and finance, according to Global Times.

That’s the basic point expressed by Geir O.  Pedersen, Ambassador, Royal Norwegian Embassy in China who held the opening speech at the seminar during which he said that “Norway is well aware of the ongoing shift of global economic power and the increasing importance of China in international finance.”

The Norwegian Minister of Finance, Siv Jensen, was present at the seminar as well. She praised the infrastructure of Shanghai and the big potential in the fintech area:

“Shanghai is such a vibrant financial center in the world. With all the exciting things that happen in the fintech area here in Shanghai, it’s important for me to catch up on everything that is happening and also strengthen the bilateral relationship between Norway and China,” Siv Jensen said.

She mentioned that Norway and China, although different in size and economic structure, have both benefited from growth in international trade in the past decade.

The Chinese financial sector was also present during the seminar. Wang Xin, Shanghai Banking Association (SBA) Deputy Secretary General, held a speech named “Focus and ­collaboration – the key to make Shanghai the benchmark for the banking industry,” in which he said that the association was likely to be a bridge to further promote the communication of financial ­institutions between China and Norway.

Other financial experts and company executives such as Idar Kreutzer, CEO, Finance Norway, Vidar Andersen, head of International Division, DNB and Peter Lovaas, head of Markets, SEB, all shared their opinions and helped the audience gain a better understanding of the Norwegian finance sector, according to Global Times.

The seminar was also supported by Finance Norway, Shanghai Banking Association, Shanghai Association of Internet Finance Industry and Invest Shanghai.

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