The China-Canada Economic and Finance Forum was held in the center of Vancouver at the Fairmont Pacific Rim on June 6, 2014. This important event was co-sponsored by the Province of British Columbia (BC), the Bank of China and HSBC, and hosted by Fortune World. Over 300 political and business leaders, and financial and economic experts, from both countries were in attendance to discuss issues that included RMB business in Canada and economic cooperation between BC and China.

Important guests and speakers at the forum included Christy Clark, Premier of British Columbia; Liu Fei, Consul-General of the People's Republic of China in Vancouver; Alice Wong, Member of Parliament for Richmond and Minister of State for Seniors; Teresa Wat, Minister for International Trade and Minister Responsible for the Asia Pacific Strategy and Multiculturalism; Xing Yujing, Secretary General of Monetary Policy Committee of the People’s Bank of China; Cao Yuanzheng, Chief Economist of Bank of China; Andrew Saxton, Parliamentary Secretary to the Minister of Finance; Liu Yunfei, Deputy General Manager of Trade Finance Department of Bank of China Head Office; Wang Lijun, President of Bank of China (Canada); Paulo Maia, President of HSBC Bank Canada; and Yin Qiuhong, Director of Asia Pacific Trade and Investment Center of Economic Commission of Vancouver. Dr. Xing Yujing, Secretary General of Monetary Policy Committee of the People’s Bank of China, and Dr. Cao Yuanzheng, Chief Economist of Bank of China, were specially invited to speak on the current status and future prospects of RMB’s cross-border use, as well as on China’s economy and economic outlook.

BC announced on the same day as the forum the start of implementation for the revised International Business Activity Act (IBAA). IBAA allows new tax breaks to apply to the International Business Center, which was set up by a branch of the Bank of China in Canada. Teresa Wat underlined that this law will help BC become a cross-cultural business center and international financial center.