China plans for financial stability
- By Zhang Liying
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E-mail China.org.cn, June 4, 2017
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Qiu Yong, the president of Tsinghua University, addresses the opening ceremony in Beijing on June 3. [Photo/China.org.cn] |
Tsinghua PBCSF Global Finance Forum 2017, opening in Beijing on June 3 under the theme of "Economic Globalization and Financial Stability," provided an opportunity to explore ways of improving the financial risk management system and enhancing the financial sector’s competitiveness, risk-resistance and stability amid economic globalization.
The two-day event, co-hosted by the PBC School of Finance (PBCSF) and the National Institute of Financial Research (NIFR) of Tsinghua University, has attracted a large number of representatives from political, business and academic communities.
"I hope this forum can yield more important and influential outcomes, which will boost the progress of China’s financial theories and practices, as well as sound and sustained development of the financial sector," said Qiu Yong, the president of Tsinghua University at the opening ceremony.
America’s economic policy, generating a huge impact on global financial stability, is one of the important focuses of the forum. In this regard, Zhu Min, the chairman of NIFR and former deputy managing director of the IMF, said, "Trump’s economic policies add uncertainties to economic globalization and global financial market."
Amid slow economic recovery and low growth expectancy, China’s Belt and Road Initiative is standing out as a new driver for the global economy.
Adair Lord Turner, the chairman of Institute for New Economic Thinking, said, "The Belt and Road Initiative will exert profound influence on both real economy and financial economy."
Tu Guangshao, the general manager of China Investment Corporation observed that "the Belt and Road Initiative not only boosts the demand for investment but also offers an important platform for cross-border investment."
Comprised of seven sessions, this forum will offer China’s plans for global financial stability, economic recovery and sustainable development, as Chen Yulu, the vice governor of the People’s Bank of China noted in his keynote speech.
The first day of the forum also witnessed the inauguration of the Research Center for Capital Market and Corporate Finance, NIFR.
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