On April 3, Swift and Beijing jointly announced that Beijing will host Sibos 2024 from October 21 to 24, 2024, at the China National Convention Center. It is the first time the conference will be held on the Chinese mainland and the second time it is being held in China, fifteen years after convening in Hong Kong in 2009.
Sibos, or the Swift International Banker's Operation Seminar, is a leading global conference of the financial industry organized by Swift. Each year, 7,000 to 9,000 financial executives and experts from more than 150 countries and regions attend the conference, including representatives of commercial banks, securities companies, and other financial institutions and cooperative agencies. It is an important platform for exchanges, cooperation, business development, and image display of financial institutions worldwide. The seminar is praised as the "Olympics" of finance.
Beijing hosting Sibos 2024 is a milestone for the opening up of China's financial sector and is of great importance to both the development of Beijing's "four centers" and the city's function as the national financial regulation center. Moreover, it is an important opportunity to demonstrate Beijing's image as the capital of a major country and China's determination to further open up its financial sector. The event will promote communication and exchanges between financial institutions in China and other countries, leading and advancing the digital transformation of finance and making China's contribution to the development of the global financial industry.