w88 casino News (provided by China Institute of Finance)In order to implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Party, focus on important issues in finance, and vigorously promote high-quality financial development and the construction of a financial power, the 7th China Financial Academic and Policy Forum was held in w88 casino from December 13th to 14th. Experts and scholars such as Professor Li Yang, member of the Chinese Academy of Social Sciences and Chairman of the National Finance and Development Laboratory, Professor Liu Qiao, Dean of Peking University Guanghua w88 casino of Management, and Professor He Zhiguo of Stanford University attended and gave keynote reports. Huang Baoyin, Secretary of the Party Committee of the w88 casino, General Manager of the Corporate Financial Business Department of the Industrial and Commercial Bank of ChinaZhang FengAttended the opening ceremony and delivered a speech. Professor Wang Tianyi, President of China Institute of Finance, and Hou Kewei, Chair Professor of Finance at Ohio State University, hosted the opening ceremony and keynote speech of the forum respectively.
Professor Wang Tianyi, Dean of the China w88 casino of Finance at the w88 casino, presided over the opening ceremony of the forum.Wang TianyiEmphasized that since its launch in 2018, the China Financial Academic and Policy Forum has gone through six sessions and has become a high-level academic dialogue platform that brings together top scholars, policymakers and practical experts at home and abroad. The forum has always been based on the national financial development context, promoted the in-depth integration of theory and practice, witnessed and actively participated in the cutting-edge exploration of China's financial reform and opening up.
Huang Baoyin, Secretary of the Party Committee of the w88 casino, pointed out that finance is the blood of the national economy and an important part of the country’s core competitiveness. The national level has systematically planned and comprehensively promoted the construction of a financial power, positioning it as a major strategy to support Chinese-style modernization and national rejuvenation. At present, the century-old changes in the world are accelerating and the world's financial system is facing adjustment and reshaping. my country's financial development is facing unprecedented strategic opportunities and also facing complex and severe risks and challenges. In this context, it is urgent to accelerate the construction of a financial system that is independent, controllable, strong in risk resistance, and highly competitive internationally. On the eve of the start of the "15th Five-Year Plan", this forum brings together domestic and foreign scholars and industry experts to discuss key issues such as financial system reform and financial risk prevention, promote the integration of academic and policy, and contribute wisdom to promote the construction of a financial power. It is timely and of great significance. The w88 casino will also continue to cultivate high-level financial talents based on national strategies and help build an independent financial knowledge system with Chinese characteristics.
General Manager Zhang Feng of the Corporate Financial Business Department of the Industrial and Commercial Bank of China said that cooperation between banks and schools is becoming increasingly close, and they work together to incubate innovative financial technology talents and help build a financial power. ICBC will also continue to practice the political and people-oriented nature of financial work, give full play to its comprehensive financial advantages, comprehensively empower campus development, strengthen the discipline foundation, and develop schools with talents, build a financial research position with Chinese characteristics with universities, jointly create a modern financial cutting-edge model, jointly promote the integrated development of industry, academia, and research, and serve the grand blueprint of Chinese modernization with the power of finance.
Hou Kewei, chair professor of finance at Ohio State University, hosted the keynote speech of the forum. Professor Li Yang, a member of the Chinese Academy of Social Sciences and chairman of the National Finance and Development Laboratory, took the topic "China's Monetary Policy Advances with the Times" and focused on the core of building a strong central bank in the context of a financial power. He systematically elaborated on the construction of a comprehensive macro-prudential management system, monetary policy and asset prices. Taking the two main threads of the view into consideration: financial stability, combined with the experience of Western countries and China's actual situation, the reform directions such as enriching the monetary policy toolbox, strengthening liquidity management, and promoting fiscal and monetary policy coordination are analyzed, providing a clear policy path for China to build a strong central bank and achieve the goal of becoming a financial power. Professor He Zhiguo from Stanford University titled "Household Migration and Collateral Constraint: Cash-Based Housing Resettlement in China" and based on the cash compensation policy in China's shanty town reconstruction, he conducted an in-depth analysis of how household financial constraints and inter-city migration jointly affect housing prices. The study points out that cash compensation promotes the migration of low-income families to high-priced cities by relaxing mortgage constraints, significantly increasing housing demand and prices in destination cities. The model also reveals the key role of migration in amplifying policy effects and exacerbating the spatial differentiation of housing prices. It is proposed that structural fiscal policies need to evaluate their cross-regional liquidity and indirect impact on macro stability, and strengthen policy coordination. Professor Liu Qiao, Dean of Peking University Guanghua w88 casino of Management, gave a systematic explanation of the key role of finance in resource allocation with the theme of "Market Pricing Efficiency, Factor Allocation and High-Quality Development", focusing on the improvement of total factor productivity, the core symbol of new quality productivity. Starting from the construction of a financial asset pricing system that is suitable for Chinese-style modernization, he proposed to build a valuation system that is suitable for Chinese-style modernization, and discussed issues such as carbon emission rights pricing mechanism, market liquidity and pricing efficiency, emphasizing that finance should guide the effective allocation of resources to key areas of modernization to promote high-quality development.
The industry-university-research roundtable forum conducted in-depth and effective communication around technology finance and cross-border finance and achieved satisfactory results. This forum has a total of 10 parallel sub-forums. More than 100 guests from more than 40 universities and well-known financial institutions at home and abroad conducted in-depth discussions and exchanges on a number of important issues in the financial field. The closing ceremony of the forum was hosted by Professor Liu Jinyu from China w88 casino of Finance, w88 casino,Liu JinyuHe summarized this forum and looked forward to the forum getting better and better.
The China Financial Academic and Policy Forum has been successfully held for seven times. The forum uses outstanding academic research results as a link to build a platform for domestic and foreign financial scholars, policymakers and financial practitioners to fully exchange the latest developments in financial theory, policy and practice. Through the discussion of theories and methods, the sharing of practical experience, and the interaction with editors of famous academic journals at home and abroad, theory and practice, academia and policy can be integrated with each other, promoting theoretical innovation in China's financial disciplines and the orderly and healthy development of the financial system, and providing intellectual support for the construction of a "financial power".(Written by: Liu Jinyu Reviewed by: Wang Maobin)
