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Vice Minister Long Yongtu delivered a speech in ‘Ten Years with WTO and the Review & Prospect of the Chinese Financial opening Senior Forum’

作者:     日期:2014-11-14    来源:

In the afternoon of November 25, 2011, ‘Ten Years with WTO and the Review & Prospect of the Chinese Financial Industry’s opening Senior Forum’, host by School of Finance and the International Finance Research Center, was held in Auditorium 202, Academic Hall. Nearly 300 person-times attended the forum, including experts from domestic regulatory agencies, financial institutions and famous universities, teachers and students from CUFE and other schools, and representatives from famous domestic media such as the Xinhua News Agency.

As Dean of School of Finance and Director of International Finance Research Center, Professor Zhang Liqing conveyed greetings to the audience and briefly illustrated the significance of this forum. He pointed out that, for China, joining WTO was a history event with profound meaning. The event helped blended Chinese economy with the global economy in depth. Reviewing the course, summarizing the achievements, searching the problems and inspiring the future, are the best ways to memorize the event. Chinese financial industry has gone through the opening gradually, while the degree of opening is still relatively low in general. Currently, the urgent and challenging issue is to find a way which can both improve the efficiency of financial service and prevent excessive competition, so that the opening can process stably and safely.


Professor Wang Guangqian, the Principal of CUFE, delivered the keynote speech for the forum. Sir Long Yongtu, the former Vice Minister of Ministry of Foreign Trade and Economic Cooperation and the chief negotiator when China joined WTO, by combining his personal experiences, systematically retrospect the conditions and impacts of financial opening since China joined WTO, in the meanwhile, he profoundly analyzed the current issues and looked forward to the future of Chinese financial opening. Sir Long Yongtu stressed that, China’s voice in global finance and China’s influences on building global financial structure, decided the success of the internationalization of China Yuan and the opening of Chinese capital market. He placed his hope in the following generations, the excellent financial talents educated by CUFE as well as the whole education field, who could help China play an important role in building new global rules and new global structures of financial field.


 

In the stage of Round Table, several famous domestic experts gave their penetrating analysis respectively. Those experts included Xuan Changneng, the director of Financial Stabilization Board of Central Bank, Wang Yongli, the vice president of Bank of China, Liao Jianmin, the chairman of China Life Insurance Asset Management Company, Wu Xiaoqiu, the assistant principal of Renmin University of China and the director of Finance and Security Research Institution, and Yang Zaiping, the vice director of China Banking Association; their analysis was concerned with the significance of joining WTO, the history and future of financial opening, and other hot financial issues discussed home and abroad.


 

This forum was live on Website Hexun, in addition, other famous domestic financial media and Internet media, such as the financial section of Netease, Financial Times, China Securities Journal, Economic Information Daily, First Financial Daily, Chinese Social Sciences Weekly, and Caixin Media, also reported the forum in time.