EN 中文
首页 > 会议 > 智库论坛 > Monthly Bulletin No 2019 03
Home > Metting > THINK TANK FORUMS > Monthly Bulletin No 2019 03

Monthly Bulletin No 2019 03

  • 简介:
  • Summary:
  • NIFD annual meeting (2019) held in Beijing

会议综述

Think-Tank Update

NIFD annual meeting (2019) held in Beijing

Under the theme of “Deepening Supply-Side Financial Structural Reforms,” the annual meeting focused on five topics of discussion, including putting the financial industry at the service of the real economy, structurally improving the financial system, preventing risks and bolstering weak spots, enhancing financial infrastructure, and expanding two-way openness at a higher level. The annual meeting was attended by over 400 delegates and followed by 110,000 persons via live broadcast. This meeting was intended to share in-depth reflections and contribute insights on relevant issues of China’s financial reform, present the think-tank’s results of financial research, and promote the think tank’s role in guiding public opinion.

NIFD and Alibaba Auction sign a strategic cooperation agreement in Beijing

At the signing ceremony, both sides engaged in in-depth discussions on a host of issues, such as the outlook and innovations of special assets industry, and expressed their intent to enter into a strategic partnership for the research of special assets and jointly develop the world’s largest database for online special asset transactions. The NIFD will establish the Research Center for Special Assets as the execution team for cooperation between both sides to investigate the current situation and trends of China’s special assets industry, offer consultations for industry development, regularly publish research reports on special assets in China and quarterly transaction data analysis reports, and build a communication platform for industry elites to contribute their ideas to government decision-making and business operations.

NIFD holds internal workshop on “Local Government Liabilities and Risk Resolution”

The closed-door workshop was attended by experts and scholars from the Chinese Academy of Fiscal Science (CAFS), the People’s Bank of China Research Institute of Finance and Banking, and the Budget Department of the Ministry of Finance, along with many senior market representatives. At the workshop, experts discussed the conceptual definition and classification of local government liabilities, stressed the importance of sorting out implicit liabilities to resolving local government debt risks, and put forward their suggestions to increase debt information transparency, allow local governments to issue bonds while probiting them to raise debts in any other ways, improve the market-based issuance of local government bonds, and resolve the problems through development.

Think-Tank Opinion

Chairman of the NIFD Li Yang on the supply-side financial structural reform

Li Yang believes that “deepening supply-side financial structural reform” is a new direction of China’s financial sector reform and development in the new era identified by the CPC Central Committee based on the analysis of China’s domestic and international economic and financial situations over the past few years and four decades of reform and development experience. As part of overall supply-side structural reforms, China’s supply-side financial structural reform can be summed up as “one pillar, six directions.” “One pillar” refers to the important position of the financial industry in China’s economy. “Six directions” means that China’s future financial reform and development will focus on serving the real economy, improving financial structure, managing financial risks, respecting economic laws, developing fintech and increasing opening up.

Chairman of the NIFD Li Yang: Comprehensively elevate the level of service sector development through opening up

Li Yang said at the “Opening Up the Service Sector” session of Boao Forum for Asia that comprehensively elevating the level of service sector development through opening up is an important goal of future development. He remarked that service sector development must focus on the following priorities: first, create systems and rules for opening up China’s service sector; second, improve supporting measures to foster a favorable business environment; third, unlike quantifiable manufacturing standards, the service sector creates value through labor, which poses new regulatory challenges.