An economic conference on the development of the capital market in the "New Normal" was held on May 23 in Qingdao, Shandong province.

Experts from two countries studied China's macroeconomic situation, the development of China's capital market and the global environment. In addition, comparisons of financial policies were made between the two countries as they sought to discuss the above issues during the conference.

The meeting was jointly held by the International Cooperation Department of the Development Research Center of the State Council (DRC) and Japan's Nomura Holdings Group, with DRC Vice-President Zhang Laiming and Junichi Ujiie, Senior Advisor to the Board of Nomura Holdings, delivering a speech at the conference.

Also taking part in the conference were Yu Bin, Director-General of DRC's Macro-economy Department, Liu Shangxi, Director of Research Institute for Fiscal Science, Ministry of Finance of China, Zhang Yuyan, Director of Institute of World Economics and Politics of Chinese Academy of Social Sciences, Yi Cheng, Vice-Director of the People's Bank of China's Research Bureau, and Wu Xiaoqiu, Director of Finance and Security Institute at Renmin University of China, along with other researchers from the Nomura Institute of Capital Markets Research (NICMR).

Cheng Guoqiang, Director-General of DRC's International Cooperation Department and director of NICMR's Beijing Office chaired the conference.

DRC Vice-President Zhang Laiming (L) and Junichi Ujiie (R), Senior Advisor to the Board of Nomura Holdings, talk at the conference.