The 2023 Dishui Lake Emerging Finance Annual Conference was officially opened on December 8 at the Lingang Center.
The Central Financial Work Conference held in October this year put forward the goal of building a strong financial country and explicitly called for doing a good job in the five major articles of science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and striving to promote the opening up of finance at a high level. Shanghai to strengthen the construction of modern financial institutions and financial infrastructure, the implementation of a high level of financial opening up. It will take the lead in carrying out stress tests in the new Lingang zone, steadily expanding the opening up of rules, regulations, management, standards, and other systems, and further promoting the opening up of cross-border trade and investment in services at a high level.
At the forefront of reform and opening up the Lingang New Area at this time to organize the Dishui Lake Emerging Finance Conference, the significance is more special. This conference to emerging finance to promote China's financial strength of the new strategy, new models, and new path as the theme, to further play the Lingang new area of early and pilot advantages, focusing on the development of emerging financial industry open innovation. By building a more pragmatic and efficient cooperation and exchange platform, the conference will create a Carnival of emerging finance with global influence, enhance the competitiveness and influence of Shanghai's international financial center, and contribute to the acceleration of the construction of financial power.
Financial Carnival
New strategies/new models/new paths
The conference mainly includes a high-level opening ceremony, a keynote speech by a large gathering of experts, three symposiums, several sub-forums, etc., and a total of 50 events with internationalization, diversity, professionalism, effectiveness, and influence.
At the opening ceremony of the conference, the Equity Investment Cluster in Lingang New Area of China (Shanghai) Pilot Free Trade Zone was officially launched. As a centralized carrier of national strategies and an early and pilot implementation site for reform and opening up, Lingang New Area is actively exploring the field of equity investment, and will unswervingly be a good pioneer and forerunner. After the launch of the cluster, Lingang will continue to follow the deployment of the municipal party committee and the municipal government to serve the real economy, empower scientific and technological innovation, and cutting-edge industries as the guide, adhere to the wind vane of investing in early, small and hard science and technology, create a spectrum of funds, taking into account the different stages of development such as gestation stage, seed stage, start-up stage, growth stage, and maturity stage, and at the same time, stronger and deeper. At the same time, we will continue to refine and optimize the policies on the whole process of raising, investing, managing, and withdrawing, to attract more investment institutions to settle in Shanghai and develop in Lingang New Area in the long term.
The Lingang Emerging Financial Development Report was released at the same time, which was jointly authored by the Dishui Lake Institute of Advanced Finance of Shanghai Finance and the Administrative Committee of Lingang New Area.
The report covers five major emerging financial areas, including financial technology and digital transformation, cross-border and offshore finance, green finance and sustainable development, inclusive finance, and pension finance for the new era, and puts forward a series of targeted policy recommendations and concrete implementation measures. The report aims to provide strong support and guidance for the emerging financial sector and promote its development more robustly and innovatively, to better serve the needs of a diversified and complex economy.
Chen Xuanjuan, Executive Dean of Dishui Lake Advanced Finance Institute, Shanghai University of Finance and Economics, Shanghai Finance, made a presentation about the report and focused on the cutting-edge issues in the fields of green finance and pension finance in the context of the current hot topics in China.
Mr. Liu Yuanchun, Deputy Secretary of the Party Committee, President of Shanghai University of Finance and Economics (SUFE), and Dean of Dishui Lake Advanced Finance Institute (DAFI), Shanghai University of Finance and Economics, announced the Lingang Jing Series Scholarship on the spot. The scholarship program is comprehensive throughout the students' classroom learning, international exchanges, internships and employment, and other training stages, with a higher award amount and greater influence, which will promote the excellent young talents to seek knowledge and study in Lingang, and work and start-up business in Lingang, and encourage and support more excellent and professional financial and trade talents to jointly participate in the emerging financial and economic development of the new area of Lingang. Great cause.
A group of distinguished speakers on emerging finance to promote a strong financial nation
The keynote speeches of the conference brought together several domestic and international scholars and academic leaders in the economic field, including Erik Bergolf, Chief Economist of the Asian Investment Bank, Liu Yuanchun, President of the Shanghai University of Finance and Economics, John Lipsky, Former Vice President of IMF, Li Dongrong, Former Vice President of the People's Bank of China, Zhou Yanli, Vice Chairman of the China Insurance Regulatory Commission, Wu Xiaoqiu, Former Vice President of the Renmin University of China, and Qiao Yide, Vice President and Secretary General of the Shanghai Development Research Foundation. Zhou Yanli, former Vice Chairman of the China Insurance Regulatory Commission, etc. They will present an academic feast around the theme of New Strategies, New Models, and New Paths of Emerging Finance for Promoting China's Financial Power. Prof. Liu Liya, Assistant to the President of the University, hosted the keynote speech.
Liu Yuanchun, president of Shanghai University of Finance and Economics and dean of Dishui Lake Advanced Finance Institute, pointed out in his keynote speech, The Strategic Value of China's Emerging Finance from a Macroeconomic Perspective, that every big era has its own emerging finance, and that one should dig into the strategic significance of emerging finance in the context of the current era.
The brand effect of the Emerging Finance Conference has been obvious
Three sub-forums and three symposiums are organized by a group of top research institutions, agencies, associations, and government departments in deep cooperation with the organizers, focusing on various directions and core scenarios of emerging finance.
The cross-border finance sub-forum was organized by Dishuihu College of Finance, Shanghai Finance University, and AICPA & CIMA, with the theme of Innovative Development of Cross-Border Finance, Promoting High-Level Openness; it included three keynote speeches and two round-table discussions. Chen Xuanjuan presided over the sub-forum, Li Zengquan, Vice President of Shanghai University of Finance and Economics and other guests delivered speeches, and Yin Yanlin, Peng Wensheng, and Zhang Liqing elaborated on the topics of a strong financial country, financial liberalization, and innovation. In the roundtable session, guests shared and discussed topics such as cross-border financial governance and cooperation, innovation, and development from a global perspective.
During the conference, the theme exhibition of Lingang emerging finance was also held synchronously, focusing on displaying the achievements of Lingang emerging finance development. The exploration and innovation of financial institutions and parks in the new area to promote the development of the emerging financial industry, and to build a platform for communication and exchange between financial institutions and parks and enterprises.
To accelerate the construction of a financial powerhouse and promote the high-quality development of finance, deepening reform and expanding opening-up is the way to go. Dishui Lake Financial Bay, as an important function carrier for integrating onshore and offshore business and innovative financial development, will create the third pole of the city's financial service industry after the Bund Financial Cluster and Lujiazui Financial City, forming a pattern of complementary functions and synergistic development. With several iconic cross-border financial services institutions such as Huihua Wealth Management, HSBC Financial Technology, and BOCOM Financial Technology landing in the new area, Dishui Lake Financial Bay has begun to take shape as an emerging financial center in the future.
This year's conference was led by Dishui Lake Institute of Advanced Finance, Shanghai Lingang Economic Development (Group) Co., Ltd, Shanghai Lingang New Area Investment Holding (Group) Co., Ltd. and Shanghai Harbor Development (Group) Co. Financial management departments, science and technology informationization authorities to participate in the meeting, the General Assembly for the first time to invite the DAB Shanghai Municipal Committee guidance and support.
In the next step, Lingang New Area will continue to build a regular exchange and communication platform, with the development of the emerging financial industry as the theme, joint Lingang New Area innovation financial service center, banks, brokerage firms, insurance, and other financial and trade institutions, cooperation to carry out a series of effective, diversified, resource-sharing thematic activities, and to fully promote the structural reform of the supply side of the financial and to accelerate the creation of modern financial institutions and market system, will Dishuihu The Financial Bay will become a new engine of financial opening and innovative development in the new Lingang area, and make a positive contribution to the construction of Shanghai International Financial Center and the development of the new Lingang area by playing the brand of Dishui Lake of China and Financial Bay of the World.
（From Dishui Lake Advanced Finance institute）
