On the afternoon of September 6, Secretary-general Shi Wenchao met with Martin Scheck, CEO of International Capital Market Association (ICMA) during his visit to NAFMII.

During the meeting, Mr. Shi, upon request, briefed the status and relevant management rules of the private placement product segment of the interbank market, as well as the current status of the repurchase market. Mr. Shi said the Chinese interbank market has made conspicuous headway, with instructions of PBC, support from relevant authorities and active participation of market members. Mr. Shi also noted that NAFMII has is clearly aware of the importance of controlling systematic risk to enable compliant, healthy and rapid development of the market.

Mr. Scheck shared his views on the European debt crisis and the latest dynamics of Greece, Ireland, Spain, Italy and other countries stricken by the crisis, the actions and attitudes of the supervisory authorities and member states of the Eurozone in their response to the crisis, and the latest change in supervision in the European financial market. Mr. Scheck hailed NAFMII for its positive role in driving the growth of the Chinese interbank market, improving compliant self-regulatory management of the secondary market, and broadening financing channels available to SMEs and other fields. Both parties expressed intent to intensify bilateral cooperation and exchange in training, joint research, cosponsoring of international conferences, regular information exchange and other fields, to jointly drive exchange and cooperation between the Chinese interbank market and the European financial market.