On 7-8 November,2014, jointly organized by Schools of Finance in Guangdong University of Finance and Economics and Central University of Finance and Economics, "International Finance" editorial department, "Finance Forum" editorial department, "Retail Banking" magazine, "Economic Perspectives" editorial department and the Chinese Higher Education Press Association, the annual conference of the Finance Professional Collaborative Group, which is in the Finance Higher Education Branch of the Chinese Association of Higher Education, and the Fifth Chinese Financial Education Forum were held in Guangzhou. The theme of the forum is "Financial Education Reform under the Impact of New Technology Revolution". A total of 111 academic pioneers and core teachers in teaching and research on finance from 46 colleges and universities attended the meeting.

Finance professional collaboration group held a preparatory meeting attended by all members on the evening of 7th November, which was convened by Professor Zhang Liqing, the chairman and the dean of the School of Finance in Central University of Finance and economics. Attenders of the preparatory meeting reviewed and approved the list of winners of the second session of the China Financial Education outstanding research papers, identified the theme of the Sixth China Financial Forum and the contractor, consulted and discussed the financial education research and so on.

Chinese Financial Education Forum held in the morning of 8th November, the official opening ceremony was hosted by Professor Zou Xinyue, dean of the School of Finance in Guangdong University of Finance and Economics. Professor Yong Heming, vice headmaster gave welcoming remarks in the opening ceremony. Professor Yong expressed thanks and warm welcome to all the experts and teachers attending the assembly on representative of teachers and students in Guangdong University of Finance and Economics. Professor Zhang Liqing gave talks on behalf of the Finance Professional Collaboration Group; he introduced the operation conditions of this group over the past five years since its foundation, as well as the purpose of Chinese Financial Education Forum; besides, he expressed sincere thanks to all the work units and individuals who work hard for the preparations for the Forum, accumulation of essays and decisions of awards. Professor Ma Xin, deputy chairman, announced the congratulatory letter from the Higher Education of Finance Branch. In this letter, the Financial Education Branch spoke highly of the work of the finance professional collaborative group, thanked the organizers of this year's annual meeting, and wished the conference a success.

In the keynote session, Professor Bai Qinxian, a famous financial experts and financial educator from School of Economics in Liaoning University, published a speech titled "Chinese Financial Academics Development Review and Prospects 1978-2014". Professor Bai affirmed the achievements of financial education, but also expressed his concern on the present status of teaching and research. He advocated that we should combine foreign doctrine with Chinese realities and that financial education should be combined with the practice of China's future needs.

After that, Miss Lin Qiaohong, chief editor of "Retail Banking" magazine, published a speech titled "Begin with the End, How to Build a Vocational Education System for Universities and Practice in Education". She argued that financial education should be docking with the market and should keep up with the times; in the new situation, the position and target of financial professionals must be clear, curriculum must meet the needs of practice ,besides, teaching methods and means need to be updated and the quality of teachers should be improved. Finally, Chen Zhidong, CEO of Jili Website, Foshan Jicheng Financial Group, published a speech, "Internet finance exploration and practice" focusing on making detailed explanation for the development of P2P.

After keynote presentations, Liu Shaobo, dean of the School of Economics in Jinan University, made speech on "Several Problems in the New Normal Condition of China's Economic and Financial "; Professor Chen Xuebin ,vice president of Financial Research Academy in Fudan University, issued a speech on "Quantitative Investment and Program Trading - the Development Trend of Financial Investment and Transactions in the Times of Internet"; Xing Tiancai, dean of School of Finance in Northeast University of Finance and Economics made a speech on" Financial Education Reform under the New Situation". A series of lecture caused resonance among the attenders.

Afternoon Breakout discussion was hosted by Professor Ma Yaming, dean of School of Finance in Tianjin University. Sixteen deans and directors of department expressed views on the Chinese financial education reform and personnel training and reached six points of consensus. Professor Wang Yang, dean of School of Finance in Jiangxi University of Finance and Economics, and Professor Zhou Kaiguo, director of Department of Finance, Lingnan School in Zhongshan University host the conference on "Impact from New Technology and Financial Education Reform". Professor Shen Peilong, dean of Graduate School in Shanxi University of Finance and Economics, and Professor Long Chao, dean of School of Finance in Yunan University of Finance and Economics, hosted the conference on "Financial Education and Teaching Innovation", where attenders discussed nine excellent papers, started a hot discussion on two major themes and reached some agreements on new curriculum development, innovation of teaching content and means, laboratory construction, foreign language teaching and transformation to research-style universities and so on.

At the award ceremony for outstanding paper, Professor Li Jianjun, secretary of financial cooperative group and vice dean of School of Finance in Central University of Finance and Economics, introduced the process of accumulating essays and awarding and announced the winners. There were eight papers winning prize this year including a Grand Prize, two first prize and five second prize. Chairman, vice chairman and leaders from past hosts of forum issued certificates and prizes for winners. Professor Zhang Qiaoyun, executive dean of School of Finance in Southwest University of Finance and Economics, chaired the closing ceremony and Professor Zhang Liqing, the chairman, summarized. Finally, Professor Wang Yang, dean of School of Finance in Jiangxi University of Finance and Economics which is the organizer of the next annual meeting and forum, conveyed his gratitude to members of the collaborative group and cordially invited delegates to meet next year in Nanchang. After successfully completing its agenda, the Fifth China Financial Education Forum concluded.

The Finance Professional Collaborative Group in the Finance Higher Education Branch of the Chinese Association of Higher Education was established in 2010; at the same year, the Chinese Financial Education Forum was set up. After five years of development, the annual meeting and the forum have gradually become the routine platform for research and communication on domestic financial education reform.

Member units cover domestic key financial academics, 56 financial institutions including university of finance and economics, comprehensive universities, science and engineering universities and vocational colleges. The first four annual meeting and forum were hosted respectively by School of Finance in Xinjiang University of Finance and Economics, School of Finance in Yunan University of Finance and Economics, School of Finance in Capital Economic and Trade University, School of Finance in Northeast University of Finance and Economics. The chairman units of the Financial Cooperative Group located in the School of Finance in Central University of Finance and Economics.