Sunday, September 10, 2017

Iran, China to Promote Banking Cooperation

IRAN FRONT PAGE -  August 13, 2017

Iranian and Chinese officials have called for expanding cooperation between the two sides’ banks in different fields.  In the latest round of talks between Iran and China over banking relations, the two sides called for establishing good cooperation between Iranian and Chinese bank brokers. They also emphasized the necessity to establish Chinese banks’ branches in Iran. According to a Farsi report by ISNA, as one of the main economic power in Asia, China has been among the leading economic and banking partners of Iran particularly after the signing of the Joint Comprehensive Plan of Action (JCPOA) between Iran and the six world powers. China is also one of the main business partners of Iran in financing various projects inside the country.  In a meeting between the governor of Iran’s Central Bank and China’s ambassador to Tehran, the two sides discussed the banking relations between Tehran and Beijing with a focus on establishing banking brokerage, financing projects as well as setting up Chinese banks’ branches inside Iran.