HH The Amir and Chinese President Witness Signing of Agreements
His Highness The Amir Sheikh Tamim bin Hamad Al Thani and President of the People's Republic of China Xi Jinping witnessed the signing of a number of agreements and memorandums of understanding.
A memorandum of understanding was signed on promoting the Qatari-Chinese cooperation in the building of the Silk Road Economic Belt and the Maritime Silk Road between the Foreign Ministry of the State of Qatar and the National Development and Reform Commission (NDRC) of the Government of the People's Republic of China which aims to link Asia and Europe. The first executive programme in the education fields for the Educational and Cultural Cooperation Agreement between the Government of the State of Qatar and the People's Republic of China was also signed.
A memorandum of understanding was signed between Qatar Central Bank and the People's Bank of China on the promotion of cooperation in the financial service between the State of Qatar and the People's Republic of China in order to set up the necessary action framework for establishing a special centre for clearing and settlement of the Chinese yuan in Doha. A swap agreement between Qatar Central Bank and the People's Bank of China on the swap of the Chinese currency to create a two-way line of currency swap worth 35 billion Chinese Yuan over three years was also signed. The two-way line of currency swap will facilitate trade and investment activities in the Yuan and will provide the necessary liquidity and support for financial stability.
The two sides signed a memorandum of understanding between Qatar Central Bank and the China Banking Regulatory Commission (CBRC) aiming at facilitating the upgrading the representative offices of Qatari banks in China into full branches and a memorandum of understanding in the field of sports between the Ministry of Youth and Sports in the State of Qatar and the State General Administration of Sports in the People's Republic of China.