Beijing: Azerbaijan and China have initiated talks to enhance collaboration in the financial sector, as revealed by Taleh Kazimov, Governor of the Central Bank of Azerbaijan, on his official X page.
According to Trend News Agency, the discussions took place during a business trip to China, where Kazimov met with Li Yunze, Minister of the National Financial Regulatory Administration of China. During the meeting, they exchanged comprehensive views on recent developments in their respective economies and the reforms implemented in recent years. The dialogue focused on the latest trends in the banking and insurance sectors, the principles of risk-oriented supervision, and advancements in supervisory technologies, including the integration of artificial intelligence in oversight processes.
The discussions also highlighted opportunities to strengthen cooperation between the financial supervisory bodies of Azerbaijan and China. Both parties showed interest in further developing ties between their banking and insurance sectors, emphasizing the potential for deepening this collaboration in the future.
Kazimov’s post underscored the mutual interest in sharing experiences and innovative solutions in the insurance sector, paving the way for enhanced financial cooperation between the two nations.