Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Preparing to welcome Mayors to Wellington

Preparing to welcome Mayors to Wellington

It is local connections that will progress trade and development between China and New Zealand says Bank of China (New Zealand) Ltd CEO David Lei Wang, as around 45 Mayors and Vice-Mayors prepare to meet in Wellington this weekend.

Bank of China (New Zealand) Ltd and the Chinese Chamber of Commerce in New Zealand (CCCNZ) are platinum sponsors of the New Zealand China Mayoral Forum 2017.

The Forum, which takes place this Sunday (3rd December) and Monday (4th December), brings together cities and regions from all over New Zealand and China at Te Papa to make connections and discuss potential trade and other opportunities. It is organised by Local Government New Zealand (LGNZ).

It is the first Forum to be held in New Zealand following the inaugural forum in Xiamen in 2015.

Trade and investment opportunities in tourism, education and primary industries will be central to discussions.

With a parent bank with branches all over China, Mr Wang said Bank of China (New Zealand) Ltd was ideally placed to smooth the path between New Zealand and Chinese trading, including the provision of letters of credit, making introductions, and the ability to trade in renminbi (RMB). Bank of China has 11,013 branches in mainland China and 542 overseas branches in 52 countries and provides comprehensive financial service to customer worldwide.

Mr Wang said the bank was keen to explore possible projects with public sector partners. The One Belt One Road trade and development initiative is now included in China’s constitutions after the 19th Congress of the National Community Party in October, which has put it even higher on the Chinese government agenda.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

CCCNZ, of which Mr Wang is Chair, is a membership organisation that also has the goal of promoting trade and investment between New Zealand and China.

Mr Wang said: “Bank of China (New Zealand) Ltd is delighted to be a platinum supporter of the New Zealand China Mayoral Forum. China is New Zealand’s largest trading partner so it makes sense for cities and regions from both countries to come together and discuss areas of mutual interest and opportunity. We look forward to welcoming New Zealand and Chinese Mayors to the event.’

Mr Wang added: ‘High level discussions and agreements about increasing cooperation and engagement to take place at a national level, but for deals to be done and trade and investment to progress, that dialogue needs to happen at a regional level, for example through the Mayoral Forum.’

ends

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The US Opposition To Mortgage Interest Deductibility For Landlords


Should landlords be able to deduct the interest on the loans they take out to bankroll their property speculation? The US Senate Budget Committee and Bloomberg News don't think this is a good idea, for reasons set out below. Regardless, our coalition government has been burning through a ton of political capital by giving landlords a huge $2.9 billion tax break via interest deductibility, while still preaching the need for austerity to the disabled, and to everyone else...
More


 
 

Government: Concerns Conveyed To China Over Cyber Activity
Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government. “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity... More

ALSO:


Government: GDP Decline Reinforces Government’s Fiscal Plan

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says... More

ALSO:


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.