Morocco: Casablanca Finance City enters into partnership with the Financial Center of Shanghai

After Beijing, Casablanca Finance City signs with Shanghai Financial Center. Photo: Actu Afrique

Casablanca, Morocco (ADV) – The Moroccan financial Center Casablanca Finance City (CFC) continues to move towards the other financial centers in the world. According to a statement released this week, the economic and financial hub has signed a memorandum of understanding with Lujiazui Financial City Authority, the establishment in charge of developing Shanghai’s financial district.

“This new partnership marks a further step in extending SWC’s cooperation network with the world’s leading financial markets. It also confirms China’s interest in the African market and the attractiveness of Casablanca Finance City as a gateway to investment opportunities on the continent, “the statement said. According to the text, the objective for the CFC is to lay the foundations for sustainable cooperation between the two parties, notably by promoting the development and sharing of best practices and knowledge in the field of green and sustainable finance.

This new agreement signed between the two financial centers also aims to facilitate the exchange of information and expertise. “It also aims to develop between the two parties the organization of education, training and research programs as well as joint activities of publications and exchanges of delegations,” the document continues.

It should be noted that Lujiazui Financial City Authority is not the first Chinese financial center with which CFC signs an agreement. In May 2018, Casablanca’s financial center signed a memorandum of understanding with Beijing’s financial center.

© Bur-csa – N.W – African Daily Voice (ADV)