City forum to focus on new starting points

The 12th Lujiazui Forum 2020 on the theme of “New Starting Points, New Mission, New Vision” will be held on June 18 and 19 in Shanghai.

The financial event will hear guests from home and abroad on the experience, achievements and loopholes of Shanghai's efforts to become an international financial center, aiming to provide new ideas for the next phase of development.

The forum will consist of eight plenary sessions, focusing on topics such as financial market opening up and Shanghai's construction as a global asset management center, seeking high-quality development of the financial industry via building the city into a financial technology center and improving the city’s financial judicial environment.

More than 60 speakers have been invited to participate in the discussion at the forum, and all have confirmed their attendance, said Xie Dong, director of the Shanghai Financial Regulatory Bureau.

Officials at financial regulatory bodies, heads of international financial organizations as well as representatives from the world’s leading financial technology companies will share their insights on the latest trends in the financial sector.

The forum will also hold a series of signing activities and cooperation projects. 

For example, the Shanghai government will sign a joint work plan with the Export-Import Bank of China to boost cooperation in key areas like supporting foreign trade, manufacturing, strategic emerging industries and new infrastructure.

A strategic cooperation agreement will be signed by the government and the Bank of China, aiming to strengthen cooperation in infrastructure construction, asset management, information exchange and other fields.

Shanghai has now gathered various national financial factor markets and infrastructure including stocks, bonds, futures, currencies, bills, foreign exchange, gold, insurance and trust, with annual turnover exceeding 1,900 trillion yuan (US$268.8 trillion) and direct financing exceeding 12 trillion yuan, according to the local financial regulatory bureau.

Committed to promoting integration of the Chinese and international financial systems, the Lujiazui Forum has been held annually since 2008.

It is a joint effort of the Shanghai government, the People's Bank of China, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission.