On May 23 - June 1, Yang Nong, Deputy Secretary General of NAFMII, led a delegation to Denmark and Germany to gain in-depth insights into the development of European financial markets, especially their development in asset-backed securities, covered bonds and high-yield bonds, and made exchanges on related issues with Deutsche Bank, German Federal Financial Supervisory Authority (BaFin), Heidelberg University and other market management agencies, financial enterprises and academic institutions.

During his visit to Denmark, Deputy Secretary-General Yang Nong attended the 45th Annual Meeting of the International Capital Market Association (ICMA), and delivered a keynote speech entitled “China’s Financial Market Development and Economic Growth”, introducing China’s achievements in interbank market and the role NAFMII plays as a self-regulatory organization to more than 600 senior executives from regulatory authorities, market self-regulatory organizations and commercial organizations across the world, with satisfying results achieved. During the visit to Germany, the delegation held talks with such institutions as BaFin, Head Office and the Hamburg Branch of Deutsche Bank and Heidelberg University, learned the economic development in Europe since the financial crisis, Germany’s role in the development as well as German and European experience in asset-backed securities, covered bonds and high-yield bonds development, and discussed how to enhance exchanges and cooperation between NAFMII and European financial markets.

NAFMII Deputy Secretary-General Yang Nong delivers a keynote speech on the 45th ICMA Annual Meeting.

The delegation holds talks with BaFin.

The visit helped the international financial markets understand China’s inter-bank bond market, which provides important experience and reference for NAFMII as a self-regulatory organization to further promote development and innovation in the bond market, as well as lays a sound foundation for expanding and deepening exchanges and cooperation with various agencies in Europe in the future.