Azerbaijan, China banking associations set to sign cooperation memorandum

As part of a visit to China, a delegation from the Azerbaijan Banks Association (ABA) attended a working meeting with the leadership of the China Banking Association (CBA) and representatives of its relevant structural units.

The meeting, organized by the Azerbaijan Banking and Financial Training Center, saw the ABA represented by its President Zakir Nuriyev, Executive Director Yunus Abdulov, and Chief Economist Azizagha Hakhverdiyev.

From the Chinese side, participants included CBA Vice President and Deputy Secretary-General Yin Youxiang, Secretary-General Xu Jieqin, and Director of the Research Department Li Jian.

During the meeting, the parties explored the activities, priorities, and future cooperation prospects of the banking associations. Presentations highlighted the financial sectors of both countries, noting that Azerbaijan ranks first globally in “financial services” in the World Bank’s 2025 report, with its regulatory framework credited for this achievement.

CBA executives outlined China’s banking sector and strategic goals, while ABA officials highlighted the Association’s mission, its international partnerships, and Azerbaijan–China cooperation.

The sides also discussed ways to exchange banking expertise and pursue potential joint projects, concluding with a preliminary agreement to sign a cooperation memorandum between ABA and CBA.