Morocco’s Casablanca Finance City, Africa’s leading financial center, announces the signing of a partnership with China’s financial center in Beijing to promote investment between Morocco, China and Africa.
This memorandum of understanding signed with the public establishment responsible for the development of the financial district of Xicheng in Beijing constitutes the first agreement of its kind concluded with a Chinese financial center.
“This partnership, established with the Xicheng District Financial Development Promotion Center (XDFDPC), marks a new step in extending its network of cooperation with the world’s major financial markets,” notes a statement from the CFC.
SWC intends to take advantage of the Chinese experience in the context of renminbi internationalization and the development of the FinTech sector. It also aims to attract financial institutions, holding companies, multinationals and Chinese service providers. The partnership extends to the organization of professional training programs, research activities, publications and exchanges of delegations.
By signing this agreement with the Chinese financial center, the CFC is now linked to 8 financial centers around the world, including Singapore, London, Luxembourg and Paris.
