Pressing issues for Lujiazui Forum
By Feng Jianmin |
June 28, 2012, Thursday
|
Print Edition
Print Edition
THE annual Lujiazui Forum opens today in Shanghai amid the continued financial crisis enveloping Europe and the US and the huge number of participants will have their hands full discussing finance and economic growth in the globalized age amid uncertainties.
The theme of the three-day forum this year is Reforming Global Financial Governance For Real Economic Growth.
Around 800 government officials, financial leaders and scholars will discuss topics such as global financial markets and regulatory framework, the outlook for the European debt crisis, China's commodity futures and energy markets, cross border use of the yuan, development of China's bond market and building Shanghai into an international financial center by 2015.
"The engraving financial crisis in Europe and the United States showed that global financial regulation should go through in-depth reforms," said Ling Tao, deputy director of the Shanghai headquarters of the People's Bank of China. "The forum hopes to explore effective measures to see how finance can better serve economic development."
The experts will also discuss China's interest rate cut, local government debt, and financing to small businesses.
The three-day event, chaired by Shanghai Mayor Han Zheng and People's Bank of China governor Zhou Xiaochuan, is expected to have at least 165 speakers from around the world, the most since the forum started in 2008.
Shang Fulin, chairman of the China Banking Regulatory Commission, Xiang Junbo, chairman of the China Insurance Regulatory Commission, and Guo Shuqing, chairman of the China Securities Regulatory Commission, and Zhou will speak at the forum tomorrow.
Regulators, including those from Singapore, the City of London and Hong Kong, will also meet at the forum.
The theme of the three-day forum this year is Reforming Global Financial Governance For Real Economic Growth.
Around 800 government officials, financial leaders and scholars will discuss topics such as global financial markets and regulatory framework, the outlook for the European debt crisis, China's commodity futures and energy markets, cross border use of the yuan, development of China's bond market and building Shanghai into an international financial center by 2015.
"The engraving financial crisis in Europe and the United States showed that global financial regulation should go through in-depth reforms," said Ling Tao, deputy director of the Shanghai headquarters of the People's Bank of China. "The forum hopes to explore effective measures to see how finance can better serve economic development."
The experts will also discuss China's interest rate cut, local government debt, and financing to small businesses.
The three-day event, chaired by Shanghai Mayor Han Zheng and People's Bank of China governor Zhou Xiaochuan, is expected to have at least 165 speakers from around the world, the most since the forum started in 2008.
Shang Fulin, chairman of the China Banking Regulatory Commission, Xiang Junbo, chairman of the China Insurance Regulatory Commission, and Guo Shuqing, chairman of the China Securities Regulatory Commission, and Zhou will speak at the forum tomorrow.
Regulators, including those from Singapore, the City of London and Hong Kong, will also meet at the forum.
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