Wed, December 16, 2009
China > China & World

Canada interested in sharing financial experience with China, says top banker

2009-12-16 21:59:57 GMT2009-12-17 05:59:57 (Beijing Time)  Xinhua English

TORONTO, Dec. 16 (Xinhua) -- Canada is interested in sharing financial experience with China, Bank of Canada Governor Mark Carney said on Wednesday, adding that Canada has one of the strongest financial systems in the world.

He made the remarks in response to a Xinhua question seeking his view about the financial cooperation between Canada and China.

"I had the pleasure to visit China in August this year with our

finance minister, to share the financial experience with our Chinese counterpart, the People's Bank of China," noted the top banker at a press conference in Toronto, after delivering a speech on Canadian household finances.

Canada's financial services sector is less highly-leveraged, better capitalized, more liquid and more risk averse, Carney explained.

A Canadian business delegation led by Finance Minister Jim Flaherty visited China in August this year, with the wish to lead more Chinese investment to Canada's resource and financial services sectors, and to help the country's leading financial institutions kick off a marketing blitz in China.

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