A financial delegation from the Tianjin Municipal Government recently completed a week-and-a-half-long inspection visit to Australia and New Zealand. The delegation was led by senior municipal government officials including Cui Jindu, Member of the Standing Committee of the Tianjin Municipal Party Committee and Deputy Mayor; Chen Zongsheng, Deputy Secretary-General of the Tianjin Municipal People's Government; and Liu Ning, Deputy Director of the Tianjin Financial Services Office, comprising a party of over ten people. The purpose of the visit was to engage in on-site exchanges and learn from overseas financial institutions such as KVB Kunlun, drawing on advanced offshore financial operating concepts and models, so as to further advance Tianjin's implementation of the Binhai financial reform and innovation tasks assigned by the State Council.

In Sydney and Melbourne, the delegation received a warm welcome from Qiu Shaofang and Liang Shugen, the Consuls General at the respective Chinese Consulates General. Liu Linlin, Economic and Commercial Counsellor of the Chinese Embassy in New Zealand, also made a special trip from Wellington to Auckland to exchange views with the delegation.

The delegation's itinerary was very intensive. After arriving in Sydney in the early morning of March 3, they visited in succession KVB Kunlun's Sydney office, Melbourne office, and Auckland office, Deutsche Bank's largest trading centre in Oceania, the COSCO Group, and the Australian Securities Exchange. During their stay in Melbourne, they also attended a presentation on "Group Financial Risk Management Practices," and, as envoys who had travelled far from a sister city, were warmly received by John So, the ethnic Chinese Mayor of Melbourne.

During the meeting with KVB Kunlun's senior management, Deputy Mayor Cui Jindu gave a detailed introduction to the "Offshore Centre" project soon to be launched in Tianjin's Binhai New Area, and provided clear work arrangements and instructions for advancing the project toward substantive implementation. As one of the financial development strategy advisory bodies to the Tianjin Municipal Government, KVB Kunlun has been cooperating with the Tianjin government's financial team for two years. The Binhai offshore financial project has now completed its overall planning scheme and has entered the stage of submitting it to the relevant national authorities for approval, with substantive launch expected before long. Group Executive Director Liu Xinnuo told the guests from Tianjin: drawing on the Group's years of practical experience in overseas offshore financial markets, contributing to the development of Tianjin Binhai's offshore finance is a bounden responsibility, and expressed the hope of making an even greater contribution to the development of mainland China's financial markets.