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.