China interested to set up bank in Bangladesh

Diplomatic Correspondent

27 February, 2020 12:00 AM printer

China is actively considering opening a commercial bank in Dhaka to facilitate trade and investment and businesses between Bangladesh and China as the bilateral trade volume between the two countries is expected to reach US $18 billion by 2021.

“We are positively considering inviting Chinese Bank to Bangladesh to cooperate with both the Bangladeshi and Chinese businessmen for their two ways trading,” Chinese Ambassador Li Jiming told this during an interaction with top management of Bashundhara Group and media personalities at the daily sun office in the capital on Wednesday.

“This is a brilliant idea to open branch of Chinese Bank in Bangladesh,” the ambassador said in response to a suggestion of Bashundhara Group Managing Director Sayem Sobhan Anvir, who floated the idea of opening of Chinese Bank in Bangladesh considering the gradual increase of trade volume.

According to the official figure, the bilateral trade between China and Bangladesh in 2017-18 was $12.40 billion. This bilateral trade volume may reach $18 billion by 2021.

The Chinese envoy said China is one of the largest partners of mega infrastructure projects in Bangladesh. Also, China is currently the largest trading partner of Bangladesh.

The Chinese Ambassador accompanied by his senior colleagues paid a visit to the daily sun office and exchanged views on bilateral issues, business, current trade and investment situation, future prospect and a host of other issues.

The daily sun editor Enamul Hoque Chowdhury moderated the programme while it was attended, among others, by Bangladesh Pratidin Editor and CEO of NEWS24 TV and Radio Capital Naem Nizam, Kaler Kantho Editor Imdadul Haq Milon and Acting Editor Mostofa Kamal, Editor Jewel Mazhar and head of news of NEWS24 TV Rahul Raha. Economic and Commercial Counsellor Li Zhenhua and diplomats Yang Xianmao and Ms Vera Hu were also present.

During the interaction, Bashundhara Group Managing Director strongly emphasised partnering private sector of the two countries and urged the ambassador to lay special importance and patronise the private sector to further promote bilateral trade and investment, joint venture projects and investment.

Chinese Ambassador Li Jiming also laid emphasis on enhanced cooperation between the private sectors of the two countries and assured that the embassy will encourage private sector in both the countries to come forward side by side the government to government programmes and projects.

The discussion was held in a very cordial atmosphere. Both the Chinese Ambassador and Bashundhara Group Managing Director expressed their firm commitment to cementing their ties, establishing comprehensive cooperation and working together in the days to come.