Source: Internet, China.org.cn, PBCSF
The 2020 Tsinghua PBCSF Global Finance Forum kicked off on May.16 Saturday at Tsinghua University. Governors and leaders from banking, finance, insurance, regulation, and industry were invited to discuss the measures taken to counteract the economic fallout of the COVID-19 outbreak.
Themed “Joining Forces in Finance to Overcome the Epidemic,” the 2020 Forum was hosted and broadcast live online.
At the opening ceremony, Qiu Yong, president of Tsinghua University and a member of the Chinese Academy of Sciences said in his opening remarks that the forum brought an opportunity for experts to carry out in-depth discussions on the important economic and financial challenges caused by the COVID-19 outbreak. In addition, it would also shed light on the healthy development of the global economy and the high-quality development of China’s financial industry.
ZHANG Xiaohui, Dean of Tsinghua University PBC School of Finance also made the opening speech. She expressed that, reform and opening-up is the core motive for economic development, also the motivation for China’s financial development. Finance to overcome the epidemic in China is never simply stimulation, but to seize the opportunity to reform and opening-up, combing through market relations, constructing to introduce a vibrant financial market to the world. With the deepening of financial supply-side reform, the resilience of China’s financial system is increasing, which brings strong support to a double win of overcoming the epidemic and economic and social development, providing and sharing the “China experience” with the world.
The opening ceremony is presided over by Hao ZHOU, Unigroup chair professor and associate dean at Tsinghua PBCSF, and deputy chair of NIFR.
In the following keynote speeches, ZHOU Xiaochuan, president of China Society for Finance and Banking, and honorary dean of Tsinghua PBCSF; XIAO Gang Member of the National Committee of the Chinese People’s Political Consultative Conference, and Former Charman of China Security Regulatory Commission; ZHU Min, Chair of NIFR, and former deputy managing director of IMF shared their insights on “ the impact of the COVID-19 pandemic on the global and Chinese economy”.
There are no boundaries in fighting the epidemic, the Forum also connects to overseas guests including Michael Spence, Nobel laureate in economics 2001, and Eric Maskin, Nobel laureate in economics 2007 for their understanding and judgment of global and China’s economic and financial development.
In the following sessions, the Forum carries around discussions on “Capital Market under the Epidemic”, “Financial Literacy Assisting Modernization of Governance China’s Financial Openness and Financial Governance”, “Financial Innovation and Development in Beijing”, “The Development Trend of Wealth Management” and evening session of “Digital Transformation and Innovation”. The Forum connects experienced officials, industry elites, and research experts at home and abroad for deep and thorough discussions for mutual consensus.
The 2020 Tsinghua PBCSF Global Finance Forum is hosted by Tsinghua University, organized by Tsinghua University PBC School of Finance (PBCSF) and Institute for National Governance and Global Governance, Tsinghua University, co-organized by National Institute of Financial Research (NIFR) and Institute for Fintech Research, Tsinghua University (THUIFR).