Edward Scicluna, Malta's Finance Minister said that the country should seek to attract a Chinese financial institution since financial services in China were now operating on a global level playing field. Mr Scicluna made the comment during the annual General Meeting of the Maltese Chinese Chamber of Commerce, held on Friday October 18, 2013, according to a government press release.
Malta is seeking to broaden its financial sector, and is constantly on the lookout for new opportunities to increase the breadth and depth of its financial services infrastructure, not least its securities markets," Scicluna said.
China is a young dynamic economy reflecting its youth, while Europe is a graceful though more mature economy, sometimes exhibiting some sclerosis as well. This is why such partnerships are important, as the mix of abilities and experience and strategic characteristics of each partner result in a strong business relationship, according to Scicluna.
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