会议综述

Think-Tank Update

· A tripartite agreement signed for the creation of a working group

National Institution for Finance & Development (NIFD) of the Chinese Academy of Social Sciences (CASS) has recently entered into a tripartite agreement with the Ministry of Finance’s Special Work Office on Government Debt Research and Evaluation, and the University of Chinese Academy of Social Sciences (UCASS) on the creation of a cooperation and coordination working group. The three parties have agreed to jointly create the “Center for Chinese Government Debt Research” as a research institution under the NIFD backed by a pool of experts on local government debt issues for collaborative research on local government debt risk mitigation and debt management capacity. The center will provide positive market guidance, and effectively support decision-making authorities for local government debt soundness and sustainability.

· NIFD holds the “Seminar on China’s Financial Reform and Shanghai’s Development into an International Financial Center” in Shanghai

The two-day event featured discussions on a host of topics, including “financial supply-side structural reforms,” “opening a new chapter of China’s capital market development and building Shanghai into an international financial center,” “promoting interconnectivity and economic and financial integration in the Yangtze River Delta Region,” and “developing financial technology and creating an asset management and financial innovation center in Shanghai.” At the seminar, participants called for leveraging domestic and international resources, enhancing the level of China’s economic and financial research, promoting China’s financial reform and development, serving the strategic goal of Shanghai’s development into an international financial center, enhancing national strategic planning and risk management capacity, and providing policy reference for relevant government agencies. The seminar was attended by over 400 participants, including senior government officials, experts and scholars from research institutions, and financial institution practitioners.

· NIFD holds the 2nd China Inclusive Finance Innovation and Development Summit

With the theme of “Facilitating Financial Intermediation through Inclusive Finance,” this summit was attended by over 300 participants, including leaders from relevant departments, experts from research institutions, and representatives from financial institutions and industry associations. The summit unveiled “Typical Cases of Inclusive Finance in China 2019.” From 628 cases recommended by 410 entities including banks, insurance, financing guarantee, microcredit, trust, financial accounting, and internet finance companies, 20 prominent cases were selected through online voting and expert review. These cases demonstrate how inclusive finance has thrived and improved in China, and purport to identify and promote typical practices of inclusive finance.

Think-Tank Opinion

· NIFD releases the Report on Inclusive Finance Innovations in China (2019)

In the context of the financial supply-side structural reforms, this report reviews the development and innovations of inclusive finance in China since 2018. The report highlights the role of inclusive finance in addressing the mismatch of financial services. Under the policy guidance, numerous inclusive financial institutions have emerged and developed myriad business innovations such as digital finance. Amid the rapid development, the concept of inclusive finance has become over-generalized, presenting a cause for concern.