Lujiazui Financial City Authority is the institution in charge of developing Shanghai’s financial district.
The new MoU aims to lay the foundations for sustainable cooperation between the two parties, by promoting the development and sharing of best practices and knowledge in the field of green and sustainable finance, according to a statement by CFC published October 19.
The MoU also aims to facilitate the exchange of information and expertise and to develop education, training and research programs.
With this new partnership, CFC will extend its cooperation network with the world’s leading financial markets.
The new partnership shows “China’s interest in the African market and the attractiveness of CFC as an access point to investment opportunities in the continent,” CFC said in a statement.
In May, the CFC signed an MoU with the the Chinese Xicheng Financial District Development Promotion Center (XDFDPC), the public institution responsible for the development of the Xicheng Financial District.
CFC has already partnered with financial centers in Singapore, London, Luxembourg, Montreal, Paris, Astana, and Busan.
CFC is a Moroccan business hub and a leading financial center in Africa.
Casablanca Finance City and Lujiazui Financial City sign a partnership agreement in Shanghai to promote cooperation between Africa and China and scale up green investments in the continent. @lujiazui_china @FC4SNetwork #GreenFinance #SDGs. pic.twitter.com/HEWQOMqiut
— Casa Finance City (@CasaFinanceCity) October 19, 2018