MR. CAI E-SHENG
Chairman of the Finance Center for South-South Cooperation
The 21st Century has seen radical changes all around the world, as well as the rise of both unprecedented and increasingly complex global threats and challenges. For this, the international community will continue to seek methods that respond to society’s needs regarding economic development, as well as explore and implement new models and mechanisms that could strengthen cooperation among all communities.

The Finance Center for South-South Cooperation (FCSSC) aims to promote effective communication among government authorities of the Global South, enterprises and international financial institutions, so as to facilitate the synergy of resources, technology and experience among them. The FCSSC also acts to provide financial services and support to sustainable development projects of South-South cooperation, in order to provide substantive contributions to the promotion and realization of the 2030 Agenda for Sustainable Development.

The FCSSC will fully utilize and re-allocate resources available in the Asia-Pacific region and all its related aspects, particularly through effective financial channels. Through multilateral, bilateral and trilateral cooperation, the FCSSC will expedite the actualization of the 2030 Agenda for Sustainable Development.

The FCSSC deeply recognizes that the true value of South-South cooperation does not lie merely in sharing the best development practices, but lies in the post-sharing stage, which is the actual application of the best practices when facilitating changes. Turning stories of success or failure in other developing countries into valuable lessons not only enhances the effectiveness of investments, but also improves the administrative efficiency of the governments. All of these measures will further facilitate poverty eradication and the realization of the 2030 Agenda for Sustainable Development, so as to promote global sustainable development, especially in developing countries.