NAFMII delegation led by Deputy Secretary-General Yang Nong visited the United States and Canada from July 26 to August 4, 2012. During the visit, the delegation successively visited self-regulatory organizations and financial institutions such as the Investment Industry Association of Canada (IIAC), the Canadian Chinese Finance Association (CCFA), the Chicago Merchandise Exchange Group (CME Group), the US Securities Industry and Financial Markets Association (SIFMA) and the Financial Industry Regulatory Authority (FINRA), and exchanged views with Harvard University and other research institutions.

During the visit, the delegation discussed various topics with relevant American and Canadian institutions on the current macroeconomic climate and trends, the development of US financial regulatory reform and the prospects of the financial derivatives market. In addition, the delegation also exchanged views with the counterparts on the roles of self-regulatory organizations could play in the construction and management of financial markets as well as membership service.

The delegation holds talks with the CEO of CME Group Phupinder Gill

The delegation holds talks with FINRA Vice President and Managing Director Paul Andrews

During the visit, NAFMII Deputy Secretary-General Yang Nong briefed China’s economic and financial development and the major work of NAFMII to relevant financial institutions, self-regulatory organizations and research institutions in the States and Canada, and discussed potential areas of cooperation to enhance bilateral cooperation. All related institutions said that China has made eye-catching achievements in financial market development, and acknowledged the efforts of NAFMII to propel the development of the interbank market as a self-regulatory organization. They expressed their hope to further deepen bilateral cooperation in areas such as information exchange, research, training, and member exchange.

The visit has deepened NAFMII’s understanding on the American and Canadian economies as well as the operating experience of their self-regulatory organizations, broadened NAFMII’s scope of international exchanges, and paved the way for NAFMII to further strengthen cooperation and communication with relevant institutions in America and Canada.