BAKU, Azerbaijan, April 3. The Azerbaijan Banks
Association (ABA) and the China Banks Association (CBA) have
reached a preliminary agreement to sign a memorandum of cooperation
in the near future,Trend reports via the ABA.


According to ABA, a delegation from the association participated
in a business meeting with the leadership and relevant departments
of the CBA during their visit to the People’s Republic of China on
April 1. The meeting was organized by the Azerbaijan Bank and
Finance Training Center. ABA was represented by its President,
Zakir Nuriyev, Executive Director, Yunus Abdulov, and Chief
Economist, Azizagha Hakhverdiyev. From the Chinese side, CBA’s Vice
President and Deputy Secretary-General Yin Youxiang,
Secretary-General Xu Jieqin, and Director of the Research
Department Li Jian took part.


During the meeting, both sides held detailed discussions on the
activities of their bank associations, current priorities, and
opportunities for future cooperation. Presentations were made on
the current state and development trends of the financial sectors
in both countries. In this context, Azerbaijan’s financial system
was highlighted as ranking first globally in the “financial
services” category according to the World Bank’s 2025 report, with
emphasis on the role of the country’s regulatory framework in
achieving this result.


CBA representatives Yin Youxiang and Xu Jieqin shared insights
on China’s macroeconomic situation, financial stability, and
strategic goals. ABA President Zakir Nuriyev outlined the
association’s mission, key initiatives in the banking sector, and
prospects for expanding Azerbaijan-China cooperation. Executive
Director Yunus Abdulov presented ABA’s organizational structure and
international collaboration efforts, while Chief Economist Azizaga
Khakhverdiyev provided an overview of Azerbaijan’s macroeconomic
situation and banking reforms. Li Jian highlighted innovative
solutions and developments in the field of digital finance in
China.







The meeting concluded with discussions on experience exchange in
the banking sector and potential joint projects, resulting in a
preliminary agreement to sign a memorandum of cooperation between
ABA and CBA.


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