China News Service Guangxi News, July 31 (Lin Wen) From July 23 to 24, the People's Government of the Guangxi Zhuang Autonomous Region and the "Belt and Road" interbank cooperation mechanism (hereinafter referred to as the "BRBR Mechanism") jointly held the 2025 China-ASEAN Financial Exchange Conference in Nanning.

The theme of this exchange meeting is "Cross-border financial services support high-quality development of China-ASEAN region". This exchange meeting is an important measure for the BRBR mechanism to work with Guangxi to support China-ASEAN financial exchanges and cooperation and implement the memorandum of understanding on cooperation between the two sides. As the main financial force serving Bagui and China Unicom ASEAN, the Guangxi Branch of Industrial and Commercial Bank of China has deeply participated in and fully supported the successful holding of this grand event.

BRBR Cooperation Results

Liao Pinhu, Vice Chairman of the People's Government of Guangxi Zhuang Autonomous Region, Ding Zhijie, Director of the Institute of Finance of the People's Bank of China, Suris Samnufon, Vice President of the Central Bank of Laos, and Zhang Weiwu, Vice President of the Industrial and Commercial Bank of China, attended the opening ceremony and delivered speeches. Nearly 200 representatives from 31 institutions from the government, university think tanks, financial management departments, and BRBR member institutions attended the exchange meeting.

This exchange meeting sincerely invites experts from the People's Bank of China, think tanks of well-known universities, and commercial banks in countries along the "Belt and Road" to conduct teaching and sharing on debt capital markets, bilateral local currency cooperation, sustainable finance, cross-border financing, etc. During the event, the BRBR mechanism also held an event for the joining ceremony of 6 new ASEAN and China-Japan-Korea (10 3) regional members, a business seminar on the China-ASEAN financial management department, an annual meeting of the working group under the mechanism and a group leader appointment ceremony, and organized representatives to visit the China-ASEAN Artificial Intelligence Innovation Cooperation Center and Guangxi Beibu Gulf International Port Group.

The BRBR mechanism was established by Industrial and Commercial Bank of China during the first Belt and Road International Cooperation Summit Forum in 2017 under the guidance of the People's Bank of China. The mechanism consists of four working groups: investment and financing, financial technology, green finance, and inclusive finance. Up to now, members and observers of the BRBR mechanism have expanded to 190 financial institutions and international multilateral organizations in 75 countries and regions. As the leading initiator of the BRBR mechanism, Industrial and Commercial Bank of China attaches great importance to the ASEAN market and is one of the earliest Chinese banks to deploy in ASEAN. It has branches in nine ASEAN countries and serves as RMB clearing banks in three ASEAN countries, including Singapore, Thailand and Laos, providing financial support for iconic "going out" projects such as the Jakarta-Bangkok High-speed Railway and China-Laos Railway.

ICBC Guangxi Branch will rely on the strong global network and localized service advantages of ICBC, actively carry out policy transmission, resource integration and financial support, focus on major strategies such as serving the Western Land-Sea New Channel and the China-ASEAN Information Port, build a "circle of friends" in ASEAN, deepen pragmatic cooperation in various fields, and use high-level cross-border financial services to help China-ASEAN economic and trade cooperation move forward steadily. (over)