KUALA LUMPUR: Bank Negara Malaysia will set up a representative office in Beijing which the central bank expects to further strengthen cooperation with the People's Bank of China.
BNM said on Thursday, April 28 the representative office will also serve as an important liaison point with China's regulators and market players as well as to facilitate the conduct of market research on China's economic and financial developments.
It said the People's Bank of China governor Zhou Xiaochuan and BNM governor Tan Sri Zeti Akhtar Aziz had signed an agreement on Monday, April 25 on the establishment of a representative office by BNM in Beijing.
The Beijing representative office is the third overseas representative office established by BNM, in addition to its offices in London and New York.
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BNM said on Thursday, April 28 the representative office will also serve as an important liaison point with China's regulators and market players as well as to facilitate the conduct of market research on China's economic and financial developments.
It said the People's Bank of China governor Zhou Xiaochuan and BNM governor Tan Sri Zeti Akhtar Aziz had signed an agreement on Monday, April 25 on the establishment of a representative office by BNM in Beijing.
The Beijing representative office is the third overseas representative office established by BNM, in addition to its offices in London and New York.
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