City Bank and Standard Chartered Bank Bangladesh officially announced the details of the upcoming ‘China – Bangladesh Investment Forum’ to be held in Beijing, China on August 21, 2017. The forum is going to be organized by Euromoney Institutional Investors, one of the leading financial publications in the world. City Bank and Standard Chartered Bank Bangladesh are the lead sponsors of the forum. This is the seventh such international investment forum co-hosted by City Bank and Standard Chartered, previously held in Singapore, Hong Kong and London. In this regard, a press conference was held in the capital on July 24.
China, one of the largest economies in the world, has been a significant development partner for Bangladesh. China is also Bangladesh’s largest trading partner and bilateral trade between the two nations has been growing at a steady pace. 2017 marks the 42th anniversary of the establishment of diplomatic ties between the two nations. The ‘China – Bangladesh Investment Forum’ will focus on the investment and bilateral trade opportunities between China and Bangladesh and the growing opportunities resulting from China’s One Belt One Road (OBOR) initiative. The forum will also provide a platform for discussion on many important topics such as infrastructure, FDI, financial and capital markets, and more. The participants will have a valuable opportunity to learn more about the business environment in Bangladesh and the potential areas for cooperation.
At the press conference Sohail R. K. Hussain, managing director and CEO of City Bank said “With increasing economic cooperation with China, Bangladesh can truly benefit from the opportunities arising out of the OBOR initiative”. Abrar A. Anwar, chief executive officer of Standard Chartered Bank Bangladesh said “As the oldest financial institution in Bangladesh with a heritage of 112 years, Standard Chartered is keenly aware of the enormous potential of the Bangladesh economy. Through initiatives such as these, we hope to showcase this potential to the world and continue to be a partner in progress to the nation.” Li Guangjun, Economic and Commercial counselor to the Embassy of the People’s Republic of China in Bangladesh and Lin Weiqiang, president, Chinese Chamber of Commerce in Bangladesh also spoke at the conference. The forum is expected to bring together 300 attendees comprising of government representatives, multilateral financiers, portfolio managers, global asset managers, institutional investors, representatives from private banks and others.