Mohammed Al-Jadaan, the Finance Minister of Saudi Arabia, spearheaded a delegation’s visit to Beijing, partaking in strategic Saudi-Chinese discussions over the course of May 20-21. This important dialogue highlights the sustained and intense economic conversations shared by the two powerhouses.
During his trip, Minister Al-Jadaan conferred with Lan Fuan, his Chinese counterpart. The financial leaders engaged in talks aimed at bolstering financial, trade, and investment collaborations to drive forward mutual prosperity and contribute to the worldwide economic landscape. Their exchange, which took place on a Monday in Beijing, marked a significant milestone in the countries’ bilateral rapport.
Furthermore, Al-Jadaan met with Wu Qing, the Chairman of the Chinese Securities Regulatory Commission, to examine the latest happenings in the global financial markets.
The Saudi entourage comprised of key figures such as Abdul Mohsen Al-Khalaf, the Deputy Minister of Finance, and high-ranking officials from the Saudi Central Bank, Capital Market Authority, and the National Center for Privatization. Delegates from ZATCA, the National Development Fund, the Saudi Fund for Development, and the National Infrastructure Fund were also in attendance, showcasing the extensive scope of collaboration.
A joint session, led by Minister Al-Jadaan and Minister Lan Fuan, marked the third assembly of the Finance Subcommittee of the High-Level China-Saudi Joint Committee, further solidifying the burgeoning financial connections in line with both nations’ economic blueprints.
In association with the Industrial and Commercial Bank of China, the National Center for Privatization organized a roundtable to shed light on privatization initiatives and investment opportunities, taking another stride towards shared economic gains.
Al-Jadaan’s interactions with various Chinese officials and businesspersons throughout his visit were geared towards discovering novel economic and financial incentives within the framework of the ambitious Saudi Vision 2030, striving to unlock fresh avenues for investment and cooperation.
The Deputy Minister Al-Khalaf chaired a roundtable with Liao Min, the Chinese Vice Minister of Finance. This event was a collaboration between the Chinese Ministry of Finance, the China Development Bank, and the China Investment Corporation, exploring potential in bilateral investments and infrastructural development.