On May 24, Dr. Xie Jun, CEO of Asia Pacific Investment Bank and Asia Digital Bank, met with a delegation led by Vice Chairman Ma Yanzhou, Member of the Standing Committee of the Ningxia Hui Autonomous Region, in Beijing. The two sides held in-depth discussions on strengthening financial connectivity between Ningxia and Malaysia and exploring cooperation in Islamic finance.

The meeting focused on regional financial openness, innovation, and breakthroughs in cross-border service models. Vice Chairman Ma Yanzhou noted that Ningxia is accelerating the development of a pilot zone for ecological protection and high-quality growth in the Yellow River Basin, and there is an urgent need to leverage financial openness to empower the internationalization of its industries. He emphasized: “Ningxia and Malaysia have tremendous potential for cooperation in areas such as green finance and the digitalization of the halal industry. We look forward to the Asia Pacific Investment Bank and the Asia Digital Bank fully utilizing their Islamic finance licenses to provide innovative models for the development of inland open economy pilot zones.”

CEO Xie Jun stated that the bank will leverage Malaysia’s position as an international Islamic finance hub to advance three key areas of cooperation: First, it will facilitate the alignment of Islamic finance standards between Ningxia and Malaysia to enhance the efficiency of cross-border investment and financing. Second, the bank will develop Sharia-compliant digital financial products to support Ningxia enterprises in bulk commodity trading and cross-border cooperation. Third, it will work to jointly developing a cross-border supply chain finance service system to provide full-cycle financial support for signature industries such as goji berries in expanding into ASEAN markets.

CEO Xie Jun concluded by emphasizing: “Asia Pacific Investment Bank and Asia Digital Bank will focus on building a new cooperation framework centered on ‘mutual recognition of financial standards, shared digital infrastructure, and interconnected industrial ecosystems’. Through the momentum of fintech, we aim to support Ningxia’s pursuit of high-level opening-up to the outside world.”