w88 casino News Network (provided by the w88 casino of Finance)On the morning of December 14, 2019, the "Second China Finance Academic and Policy Forum and the 70th Anniversary Financial Development Forum for the 70th Anniversary of the Founding of the People's Republic of China", hosted by the w88 casino, Economic Research Magazine, and the Journal of Empirical Finance Editorial Department, and hosted by the w88 casino of Finance and the China Institute of Finance, opened grandly at the International Exchange Building of w88 casino.
Li Maoguo, Deputy Secretary of the Party Committee of the w88 casino, Wang Xin, Director of the Research Bureau of the People's Bank of China, Zhang Lu, Chair Professor of the Ohio State University, Liu Xiahui, Executive Deputy Editor-in-Chief of Economic Research Magazine, Zhang Yongshan, Magazine President, Hou Kewei, Chair Professor of The Ohio State University and Editor-in-Chief of the Journal of Empirical Finance, and Zhou Bo, Director of the Party w88 casino Office of the w88 casino attended the opening ceremony. Nearly 200 experts and scholars from domestic and foreign academic institutions, financial industry, and teachers and students from key domestic universities participated in this forum. The opening ceremony was hosted by Professor Zou Yasheng, Dean of the w88 casino of Finance at the w88 casino.
Deputy Secretary Li Maoguo’s speech
Deputy Secretary Li Maoguo delivered a welcome speech on behalf of the w88 casino. He pointed out that this forum is an important measure to implement the spirit of the Fourth Plenary Session of the 19th CPC Central Committee, a positive response to the just-convened Central Economic Work Conference, and a review and outlook on the financial development of New China in the past 70 years. He believes that through sharing and exchanges among financial academic circles, political circles and industry, this forum will surely become a grand gathering of ideas where theory and practice, academia and policy interact, and will boost the economic development of China and the world. Li Maoguo also introduced the open w88 casino features of w88 casino and the outstanding achievements in the development of financial disciplines, and wished this forum a complete success.
Deputy Editor Liu Xiahui’s speech
Dean Zou Yasheng presided over the opening ceremony
In his speech, Liu Xiahui introduced the hard work and good results achieved by all parties since the inception of the forum, and was full of expectations for this forum. He believed that through discussions on financial academics, practices and policies, participating experts and scholars, industry colleagues, university teachers and students can benefit a lot from this forum.
Professor Hou Kewei hosted the keynote speech
Professor Zhang Lu
Director Wang Xin
Under the auspices of the conference chairman Hou Kewei, Zhang Lu and Wang Xin delivered keynote speeches respectively. Zhang Lu delivered a speech on the theme of "CAPM for Investment - Latest Research Progress". He pointed out that the traditional consumption CAPM framework only considers the demand side in capital asset pricing issues and cannot explain various abnormal returns. For this reason, he introduced a CAPM model that is different from the past. Wang Xin delivered a speech on the theme of "Thoughts on the Relationship between Monetary Policy and Macro-prudential Policy". He described domestic and foreign financial policies from three aspects: the reasons for the introduction of macro-prudential policy and issues of coordination with monetary policy, international experience and practices, and the evolution of China's "dual-pillar" framework. He believed that a "dual-pillar" framework for independent decision-making on monetary policy and macro-prudential policy has been initially formed, and relevant frameworks and coordination mechanisms are still being developed and improved.
This forum has four English sub-forums and four Chinese sub-forums. Experts and scholars from dozens of domestic universities reviewed and discussed 12 English papers and 16 Chinese papers selected from 286 academic papers in one and a half days. The papers cover financial market information theory, corporate finance, credit market, macro policy and financial system, Chinese investors, asset pricing, natural experiments and finance, banking system and risk, etc. People in the financial industry, experts and scholars at home and abroad expressed their opinions, elaborated on their understanding of financial theory, shared experiences in financial practice, and focused on the development trends of current financial policies and financial academics.
This forum adheres to the theme of allowing academic, policy and practice to collide and communicate through the discussion of theories and methods and the sharing of practical applications by participating experts and scholars. It provides a platform for domestic and foreign financial scholars, policymakers and financial practitioners to exchange the latest developments in financial theory, policy and practice. It plays an important role in promoting the development and innovation of China's financial theory and promoting the healthy development of China's financial system.
