Beijing forum highlights coordination and cooperation for China's financial development

The Rejuvenation and Financial Forum 2023, guided by Beijing's financial supervision body, was recently held in the capital. The event attracted more than 100 experts, contributing their wisdom and strength to the high-quality development of the real economy and the financial industry.

Those experts, including Ma Peihua, Huang Qifan and Wu Xiaoxiu, gathered in Beijing's Shijingshan district to conduct in-depth discussions on major financial topics.

Ma Peihua, vice chairman of the 12th National Committee of the Chinese People's Political Consultative Conference, said that finance is the lifeline of the national economy.

"We need to deeply grasp the fundamental principles of China's characteristic of financial development and strengthen coordination and cooperation with fiscal supervision and other policies," Ma said.

Li Xin, mayor of Shijingshan district, said that in recent years, Shijingshan has vigorously cultivated modern finance as its leading industry, built a billion-level industrial cluster in western Beijing, and fully supported the construction of the national financial management center.

Wang Ying, deputy director of the Beijing Municipal Bureau of Local Financial Regulation and Supervision, pointed out the need to continue deepening the supply-side structural reform in finance, expanding high-level financial opening, and optimizing the financial ecosystem and business environment.

Huang Qifan, former mayor of Chongqing municipality, put forward five suggestions, including "promoting the use of the Renminbi for pricing bulk commodities' imports and paying for commodity imports in Renminbi".

Huo Xuewen, chairman of Beijing Bank, Wang Sheng, chairman of China Galaxy Securities, and Zhan Yuyin, chairman of E Fund Management, shared their thoughts and experiences from the perspective of frontline practitioners.

Huo proposed that the financial industry embrace unprecedented opportunities, but financial institutions need to find their own positioning.

As the forum organizer, Zhang Bin, chairman of online financial information provider JRJ.com, said that in the future, they will continue to gather confidence and strength for the road to China's economic advancement.