UOBY and UOBC colleagues hosted the Shanghai Gold Exchange delegation at the UOBY branch.
As part of UOB’s commitment to facilitate cross-border investments in the ASEAN region, our UOB Yangon (UOBY) and UOB China (UOBC) colleagues jointly hosted Mr Jiao Jinpu, Chairman of the Shanghai Gold Exchange (SGE), and his delegation at the UOBY branch during his visit to Myanmar in September 2017.
Mr Danny Loo How Chien, Head of Operations and Finance, UOBY, shared with delegates about the Bank’s footprint in Yangon since the establishment of its Representative Office in Myanmar in 1994. With our on-the-ground presence and strong regional network, UOB is well-placed to help businesses grow domestically and in the ASEAN region. This is attributed to our deep knowledge of the intricacies of each market’s transaction requirements, regulations, customs and potential opportunities.
In the sharing session, Mr Jiao gave our UOBY colleagues a rare insight into the latest developments for the SGE from a leadership perspective. This was followed by an overview of the landscape of China's gold market. With the aim to explore potential cross-border collaboration opportunities, Mr Jiao’s visit to Yangon was to understand the opportunities and potential presented by the Myanmar gold market.
In his visit to Myanmar, Mr Jiao had separately met with Mr Phyo Min Thein, Chief Minister of Yangon Region, Mr Win Thaw, Director General of Foreign Exchange Management Department of the Central Bank of Myanmar, and senior officials from Myanmar Gold Development Public Company Limited. The parties spoke about strengthening the investment opportunities between China and Myanmar, with the focus of promoting the establishment of Myanmar's gold market.
