Ambassador Liu Jianchao Rings the Bell for the Opening of the Philippine Stock Exchange
2009/10/19
 

On 6 October, 2009, Ambassador Liu Jianchao was invited to ring the bell and make remarks for the opening of the Philippine Stock Exchange. Economic and Commercial Counselor Wu Zhengping joined the event. Philippine shares surged on that day, the Philippine Stock Exchange index broke its weeks of lackluster trading after it climbed 2.3 percent or 64.98 points to settle at 2,884.46.

 

The full text of Ambassador Liu Jianchao's remarks is as follows.

 

Honorable Undersecretary Ramon Paje of DENR,

Vice President Enrico Trinidad of PSE,

President Wilfredo Keng of CPMHC,

Ladies and Gentlemen,

 

Good morning!

 

It gives me great pleasure to visit the Philippine Stock Exchange (PSE), founded 72 years ago and being thefirst stock exchange in the Philippines and one of the oldest in Asia. PSE is a trading place where the heartbeat of the resilient Philippine economy can be felt. It is also a great honor and privilege for me to be here with you to ring the bells for the opening of the market today.

 

Today also marks the opening date of the shares of Century Peak Metals Holdings Corporation (CPMHC) to be traded publicly in PSE. Though the world is still suffering from a sprawling crisis, entrepreneurs with vision are facing up the challenges to grasp opportunities for business expansion. I would like to extend my sincere felicitations to CPMHC's stockholders, officials and traders. Wish your business grow by leaps and bounds and sustain to be a successful project in furthering mining cooperation between China and the Philippines.

 

Just 5 days ago, Chinese people celebrated the 60th founding anniversary of the People's Republic of China, and we have every confidence to reinforce cooperation and achieve common prosperity with the rest of the world, the Philippines in particular. In less than two-month time, a China-ASEAN free trade zone with an aggregate GDP as much as nearly US$ 6 trillion would be in position to benefit a combined population of 1.9 billion. We look forward to stronger economic ties between our two countries and further run of the bulls at the Philippine stock market! I also hope more companies with investment from China be listed in the PSE to maximize values for their shareholders.

 

Thank you and Mabuhay!

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