2018 financial forum held in Nansha

The 2018 financial forum is held in Nansha on November 6.

The 2018 financial forum was held in Nansha on November 6.

The forum reviewed China's financial development since the reform and opening up and focused on the new opportunities and challenges faced by the financial industry.

More than 100 representatives from governmental departments, professional think tanks, universities, financial institutions, enterprises and media were invited to discuss topics related to finance such as appropriate policies, supervision, modern system construction and services in the Guangdong-Hong Kong-Macao Greater Bay Area.

Officials attended and addressed the event include Zhang Yantong, member of the Leading Party Members' Group and deputy director of the Counselors' Office of the State Council, Cai Chaolin, member of the Standing Committee of Guangzhou CPC and party secretary of the CPC Nansha District Committee, Zeng Jinze, deputy party secretary of CPC Nansha District Committee and mayor of Nansha district, Xia Bin, counselor of the State Council and honorary director of the institute of finance at the Development Research Center of the State Council, as well as Zhang Xiaohui, former assistant to the governor of the People's Bank of China.

Zhang Yantong noted that with 40 years of reform and opening up, China has established a financial market system, a financial organizing system and a financial regulation and supervision system which are suitable for development of a socialist market economy. As the largest developing country, China should further carry out reform and opening up by studying advanced international experiences. China's financial industry should serve corporate economy and prevent and control financial risks while deepening financial reform.

"We should push forward financial industry reform and development and effectively resolve financial risks to drive the high-quality development of China's economy," he added.

Cai said that Guangzhou is a national central city and international business center as well as a comprehensive transportation hub which has been trying to build a highly effective and stable modern financial service system in order to improve financial service, prevent and control financial risks and deepen financial reform. He hoped that with the help of the Counselors' Office of the State Council, Guangzhou will deepen its financial reform and push ahead financial development.

"Nansha is in the center of the Guangdong-Hong Kong-Macao Greater Bay Area. It is also a national new area, pilot free trade zone and a sub-center of Guangzhou," Zeng said. He introduced Nansha's situation from six aspects of economic development, transport infrastructure, shipping trade, an innovative industrial system, business environment and urban planning, and warmly welcomed all sectors of society to invest in and operate in Nansha.

At the forum, Xia Bin and Zhang Xiaohui gave keynote speeches reviewing and forecasting China's financial situation and the characteristics of the stages of China's economic development.

Representatives from financial institutions also shared their ideas in the forum's discussions.

The forum was co-organized by the Guangzhou municipal government, the financial research center of the Counselors' Office of the State Council, the Bureau of Financial Affairs of Guangzhou Municipality, the Guangzhou Municipal People's Government Counselors' Office and the Bureau of Financial Affairs of Guangzhou Nansha Bonded Port Area.