AFDC launches China-Myanmar Capacity Building Program
The first China-Myanmar Capacity Building Program, entitled Workshop on China’s Treasury Bond Market Development, was kicked off by the AFDC on November 14, 2011 at Shanghai National Accounting Institute. 25 government officials from the Myanmar Ministry of Finance and Revenue, the Central Bank of Myanmar, Myanmar Economic Bank, Budget Department, Insurance Department, and Myanmar Securities Exchange Center participated in the five-day training.
Dr. Li Kouqing, Deputy Director General of AFDC and Ms. Than Than Swe from the Central Bank of Myanmar delivered opening remarks at the opening ceremony. As Dr. Li pointed out, China and Myanmar have long been friendly neighbors and there is much room for the two countries to deepen cooperation in both economic and social areas. AFDC wishes to further enhance communication and cooperation with Myanmar and bring more benefits to people of the two nations through this capacity building program. Ms. Swe, on behalf of the Myanmar delegation, expressed her gratitude to AFDC for launching and organizing such a learning event and the thirst for Chinese experience and relevant knowledge to inform their economic development.
Taking account of both the current status of Myanmar’s development and suggestions and needs from the Ministry of Finance and Revenue and Central Bank of Myanmar, AFDC finally set the theme of the first workshop on China’s Treasury bond market development and carefully designed a five-day agenda for the first training. Experts for this workshop came from a wide background of both government departments, research institutes and private sector, including Research Institute for Fiscal Science of the Ministry of Finance of China, Shanghai head office of the People’s Bank of China, China Foreign Exchange Trade System, Shenyin & Wanguo Securities Co., Ltd, Industrial Bank, Co., Ltd., and Shanghai National Accounting Institute. They gave the participants a comprehensive picture of the development of China’s Treasury bond market from different perspectives, focusing on China’s T-bond policy, issuance, trading mechanism, investment, relationship with the monetary policy of the Central Bank and legal framework of securities regulation in China.
This is the third bilateral capacity building program AFDC initiated in recent years following the China-Vietnam, China-Cambodia capacity building program. As the capacity-building and communication platform established by the Chinese government, AFDC will continue to launch such bilateral capacity building programs to boost the policy exchange, promote Chinese development experience and deepen the friendly relations between China and neighboring countries.
