jacqueline loh : broadening and deepening shanghai - singapore cooperation keynote address by ms jacqueline loh, deputy managing director of the monetary authority of singapore, at the 4th shanghai - singapore financial forum, singapore, 27 november 2018. * * * shanghai municipal financial regulatory bureau, director general dr zheng yang distinguished speakers and guests ladies and gentlemen, good afternoon. introduction 1 first, let me thank the shanghai municipal financial regulatory bureau ( “ sfrb ” ) for hosting the 4th shanghai - singapore financial forum. it is a great pleasure to see our good friends from shanghai and singapore at the forum today. bilateral cooperation between singapore and china 2 over the last five years of china - singapore financial cooperation, our central banks, regulators, and financial institutions have achieved significant milestones. in particular, bilateral ties in financial services between singapore and china strengthened significantly this year on the back of recent high - level visits between both countries. a. in september 2018, chinese vice premier han zheng visited singapore for the 14th joint council for bilateral cooperation ( “ jcbc ” ). the jcbc meeting saw financial agencies from both sides affirm the strong foundations laid through our collaboration in rmb internationalisation. we also agreed to strengthen supervisory cooperation, enhance financial markets connectivity and expand cooperation in the new area of fintech. b. in october this year, the third china securities regulatory commission ( “ csrc ” ) - mas supervisory roundtable was held here in shanghai, chaired by csrc vice chairman fang xinghai and mas deputy managing director ong chong tee. our regulators agreed to enhance information sharing and cross - border supervision of futures exchanges and intermediaries, as well as the substantive areas for cooperation in supervising exchange - trade derivatives. a mou on staff exchange was also signed. c. just two weeks ago, chinese premier li keqiang visited singapore for the 33rd asean summit and related meetings. a key outcome of the visit was the signing of the protocol to upgrade the china - singapore free trade agreement ( “ csfta ” ). as part of the visit, mas signed a fintech cooperation agreement with the people ’ s bank of china ( “ pbc ” ), and a mou for the cooperation and exchange of information on regulation of derivative activities with csrc. 3 to celebrate the success of china - singapore financial cooperation over the last five years and to tie - in with the commemoration of china ’ s 40 years of reform and opening up, we will be releasing an infographic during my visit

bwalya k e ng ’ andu : financing small - and medium - scale industries in africa keynote speech by dr bwalya k e ng ’ andu, deputy governor ( operations ) of the bank of zambia, to the united nations economic commission for africa expert group meeting on “ financing small - and medium - scale industries in africa ”, lusaka, 26 june 2012. * * * • the undp resident representative, ms khanni wignaraja ; • director of uneca, southern region office, ms beatrice kiraso • the afdb representative, dr fred kwesiga ; • officials from the ministries of finance of various countries ; • officials from various central banks ; development banks, commercial banks and other financial institutions ; • private sector representatives • participants ; • ladies and gentlemen ; i would like to firstly express my appreciation to the director of uneca, southern region office for extending an invitation to me to deliver the keynote address at the start of the experts group meeting of financing small and medium scale industries. i commend uneca for this great effort to bring together this assembly of high level officials and experts from government, the financial sector, private sector and academic institutions to discuss the vexing problem of enhancing financial flows to the sme sector in africa. i note from the very elaborate programme for this meeting that you will in the next three days cover a wide spectrum of issues some of which will focus on factors that constrain smes access to finance and some of which will focus on what needs to be done to change this situation. the meeting is, therefore, an opportunity for us to face a number of challenges that characterize this sector. these will include revisiting strategies and approaches to sme financing currently in use as much as it will require a review of current institutional arrangements through which finance is directly delivered to smes, on one hand, and those which indirectly obstruct or facilitate this flow of resources, on the other. however, i believe that probably the greatest challenge before this assembly is to attempt to narrow the gap between analysis of the problem and the implementation of measures and actions that work. meetings, workshops, seminars, etc. on sme financing are plenty at national, regional and international levels. some of you have had the opportunity to attend several of these meetings in the past. indeed, some of you have become experts at talking about the subject. barely two weeks ago, the bank of zambia held a financial sector forum here in lu