Written by 9:00 International

Beijing, China

In 2019, the Asian Financial Cooperation Association (AFCA) and Frankfurt Main Finance agreed to establish a long-term friendly exchange and cooperation mechanism.

The common mission and vision of jointly safeguarding global financial stability and promoting international economic and social development lies at the heart of this alliance. Joint work and collaboration in discussions on main issues and current topics in international finance, as well as the development of solutions, are also part of the agreement. Through this partnership, AFCA and FMF wish to build a platform for personnel and business exchange – not only between the two, but also among different international financial centres around the globe.

The AFCA is a regional non-government and non-profit international organization registered with China’s Ministry of Civil Affairs. It is mainly composed of financial institutions, government related agencies as well as individuals in the financial field from Asian countries and regions. Since its establishment, AFCA has set up several specialized committees to share information and experiences, summarize and promote best practices, and release regional industry development reports in respective sectors.

World metropolis and cultural centre

AFCA’s headquarters are located in Beijing, the capital of the People’s Republic of China. This global city is one of the world’s leading centres for culture, finance, science, technology and more. It is China’s second largest city by urban population after Shanghai and the country’s political midpoint. In addition, the city is home to most of China’s largest state-owned enterprises and accommodates the largest number of companies from the Fortune Global 500 List.

Financial features aside, Beijing is one of the oldest cities in the world, with a rich history dating back over three millennia. It is home to these seven UNESCO World Heritage Sites: The Forbidden City, the Temple of Heaven, the Summer Palace, the Ming Tombs, Zhoukoudian, and parts of the Great Wall and Grand Canal — all of which are popular tourist attractions.

The city has been the capital of this country for over 800 years, during 6 notable dynasties. Although it had undergone numerous political changes, especially during the early decades of the 20th century, Beijing remained the heart of the nation. Traditional Chinese culture can be explored at this place in the form of its unique cuisine, numerous temples, and other monuments.

Nowadays, China’s capital is a vibrant mix of tradition and modernity, ancient history and ultramodern architecture. Hosting the country’s most important research institutes, museums and universities, of which many rank constantly among the best in the world, strengthens Beijing’s position as cultural hub.

Images: Unsplash and Pixabay

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