The President And CEO of the Institute of International Finance (IIF) Visited the ICC

On June 13, At the invitation of the International Cooperation Center Joint Council(ICC), Timothy Adams, President and CEO of the Institute of International Finance (IIF) and Former Under Secretary of the Treasury of the United States, visited the Jianguomen Office of ICC. Zhang Chongqing, member of the Strategic Advisory Committee of ICC and Honorary President of the China Group Companies Association(CGCA), Zhang Yu, Deputy director of the Steering Committee of ICC, met with Timothy Adams and his delegation. 

The two sides discussed the global economic situation and Sino-US economic relations, the governance and reform of the international financial system, the views on macroeconomic policy coordination and cooperation, and other topics of common concern. The important consensus was reached on the establishment of a long-term exchange mechanism between IIF and ICC and the deepening of their cooperation. Both of the sides also exchanged other matters.

Cheng Yu, Executive Secretary General of ICC, Ma Qing, Chief Representative of the Asia Pacific Region and Head of China Research of IIF, Wu Zhonglin, Executive Director of the Development Committee of ICC, Zhang Ziwei, Chief representative of the Asia Pacific region of IIF, Ling Fei and Li Wenpeng, Members of the Foreign Exchange Committee of ICC，Feng Xinyue, Assistant Economist of IIF, attended the meeting.

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Timothy Adams served as Under Secretary of Treasury for International Affairs. As Under Secretary, Mr.Adams was the Administration’s point person on international financial issues, including exchange rate policy, G-7 meetings, and IMF and World Bank issues.He regularly interacted with counterparts in key emerging markets including China, India, and Brazil and traveled extensively throughout Asia, the Middle East, and Europe. Prior to assuming his post as Under Secretary, Mr. Adams had served as Chief of Staff to both Treasury Secretary Paul O’Neill and Treasury Secretary John Snow. Mr. Adams also served in the White House under the first President Bush at the Office of Policy Development.

According to the official website of the Institute of International Finance (IIF), the Institute was founded in 1983, is a global financial industry association with broad influence headquartered in Washington, USA. IIF members represent more than 500 commercial banks and financial investment institutions, as well as asset management companies, pension funds, rating agencies and insurance companies from more than 70 countries and regions. IIF works with the Basel Committee on Banking Supervision, the Financial Stability Board (FSB), the International Monetary Fund (IMF), the World Bank, the European Commission, and maintains good relations and frequent exchanges and cooperation with Central Banks and Financial Regulators of the world.