Home Banking & Finance Greenwich to sign Sister City pact with Hangzhou, China

Greenwich to sign Sister City pact with Hangzhou, China

New pact is designed to expand commercial and cultural ties between the two financial hubs.

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The town of Greenwich will host a ceremony on May 23 to sign a resolution creating a sister city link between the town and Hangzhou, China. Greenwich First Selectman Peter J. Tesei will greet a Chinese delegation led by Tao Guo, secretary general of the Zhejiang International Hedge Fund Talent Association.

“As Sister Cities, Greenwich and Hangzhou are seeking to promote social, cultural and commercial relationships that will broaden and strengthen ties, developing cooperation through initiatives and projects that increase awareness that both cities are global financial centers,” said members of the Greenwich First Selectman’s Economic Advisory Committee in a statement. Greenwich was the role model for the development of Shangcheng, an investment management center outside of Hangzhou, the home of China’s largest stock exchange, they noted.

Hangzhou has sister city pacts with Atlanta, Boston and Indianapolis, while Greenwich has sister city ties to a pair of Italian municipalities, Rose and Morra De Sanctis, and Kitzbühel, Austria; Vienne, France; and Nacka, Sweden.

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