On November 18, on the occasion of the opening of Bank Negara Malaysia (BNM) Representative Office in Beijing, Governor Zhou Xiaochuan and BNM Governor Zeti Akhtar Aziz signed a Memorandum of Understanding (MoU) to establish a Cross-border Collateral Arrangement (CBCA) which will provide liquidity for financial institutions. The arrangement will help deepen bilateral financial cooperation, strengthen market confidence, and safeguard regional financial stability.
Date of last update
Nov. 29 2018
