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JUFE Held High-end Forum on Financial Ecosystem

Date:  2020-12-11 13:59:14  Click:

On November 22, the 4th Ganjiang River Forum on Finance was held at JUFE. President Deng Hui addressed the opening ceremony chaired by Vice President Yuan Honglin.

The theme of the forum was Chinese Finance: How to Break New Grounds in the Changing Situation”. It consisted of a main forum and a sub-forum. The main forum included two keynote speeches on Finance Technology and Regulatory Innovation: How to Build a Financial Ecosystem Adapted to the New Economy and Digital Transformation of the Service Industry, as well as two round table dialogues on China's Economic Development and its 2035 Vision and Financial Innovation and Supervision.

Deng Hui, on behalf of JUFE, extended a warm welcome to the guests and expressed heartfelt thanks to Professor Wu Xiaoqiu, the School of Finance of Renmin University of China, and the National Academy Of Economic StrategyInstitute of Financial Strategy of the Chinese Academy of Social Sciences (CASS) for their long-term support and sincere help. He pointed out that the attendees would have in-depth exchanges on how China's financial sector will break new grounds, how to help realize the goals of the 14th Five-Year Plan and the long-term visions for 2035. The time frame for the 14th Five-Year Plan (2021-2025) is a critical period to hit the goal of building JUFE into a world renowned 100-year-old university with globally recognized disciplines. Deng expressed hopes that the leaders and experts present would continue their efforts in helping escalate JUFE’s financial disciplines to the nation level and foster the Research Institute of Finance to become an important platform for gathering and training talents in financial disciplines. Finally, Deng expressed his wishes that the forum would serve as a platform for the participants to communicate with, learn from, and inspire each other.

Wu Xiaoqiu shared that the forum has been held four times, and the efforts made in previous years have yielded results. He insisted that the forum be held on a long-term basis in order to make it an influential first-class academic brand in China. He also stated that the Research Institute of Finance built by Renmin University of China (RUC) and JUFE is integral to the cooperation between the People’s Government of Jiangxi, JUFE and RUC and the convening of the forum is an important measure to fulfill this cooperation. Wu hoped that more outstanding young teachers would join hands with JUFE in the future to improve the research of its financial discipline.

At noon, the 2020 annual meeting of the Academic Committee of the Research Institute of Finance was held. The meeting was mainly focused on a discussion of the work of the Institute over the past year and its future plans. This academic conference further deepened the cooperation between Renmin University of China and JUFE, indicated the direction and focus of its agenda, and laid a solid foundation for the future development of the Institute of Modern Finance.

Subsequently, the Finance, Trade and Economics essay seminar sub-forum took place. After a strict screening process, a total of 30 papers were selected. Five sub-venues were set up: “financial technology”, “corporate finance”, “monetary policy and fiscal policy”, “macroeconomics”, and “financial institutions and risk management”.

​Finally, Wu Xiaoqiu made a concluding speech. Wu stressed that China's financial sector should be well-intentioned in nature, the innovation of finance and the design of financial tools must be made to solve people's problem, not to trap them. He also emphasized that building an internal risk control system that matches its risks features prominently in the agenda and the need to strengthen regulatory innovation and formulate an external regulatory standard that matches the financial industry are of equal importance. A combination of the two can promote continuous financial innovation and development. China's financial sector must contribute to the realization of the goals of the 14th Five-Year Plan and the 2035 long-term goals.