At 7 pm on September 6, the forum on financial development under the changing environments was successfully held by our university. The forum was conducted in a combination of offline and online. Vice President He Ying presided over the forum. Wu Wenfeng, Professor and Associate Dean of the Antai College of Economics and Management at Shanghai Jiao Tong University, Ruan Qingsong, Professor and Vice Dean of the School of Economics and Management at Tongji University, Xia Huasheng, Assistant to the President of Bank of China Brazil Branch and Visiting Professor of Finance at Sao Paulo Business School,and José Teixeira, Vice Chairman of the Union of Financial Institutions and Credit Risk Analyst at the Economic Bank of Cape Verde, made the keynote speech. Associate Professor Wu Jun of our university, Chen Wei, Executive Vice Dean of the College of International Education of our university, and all participating officials from Seminar on Currency and Bank Management for Portuguese-Speaking Countries attended the forum.
(Main Site of the forum)
The topic of Professor Ruan Qingsong's speech was financial risks and prevention in the post-epidemic era. From the perspective of the supply chain, he introduced the background of international trade and investment under the influence of the epidemic, pointed out the financial risks faced by emerging market economies and developed countries in the post-epidemic era, and concluded that the financial risk challenges faced by developed countries are far lower than emerging economies. He then put forward relevant preventive measures and solutions.
(Speech by Ruan Qingsong)
The topic of Professor Wu Wenfeng's speech was China's financial development research under the new development patterns. Taking the development of China's banking industry,stock and bond markets, securities and insurance industries as the starting point for the past 20 years, he introduced the development of China's finance and the main features of financial services to the real economy. He also analyzed how finance supports the new development patterns.
(Speech by Wu Wenfeng)
The topic of Professor Xia Huasheng's speech was the exchange rate system and price efficiency: an empirical test of the impact of the financial crisis. He introduced the impact of the 2008-2009 financial crisis on currency price efficiency and found that currencies that follow a free-floating exchange rate system have experienced a significant deterioration in price efficiency than currencies that follow a managed floating system. The currency efficiencies of freely floating countries have not fully recovered even ten years after the crisis.
(Speech by Xia Huasheng)
Vice Chairman José Teixeira took Cape Verdean Bank's investment in government bonds as a case study, introducing the local financing structure, the risk and profitability of bank asset flows, the general situation of commercial banks, government bonds, etc., and concluded that the banking industry plays an important role in public financing. The bank's strategy of holding public debt securities has also proven to be a viable and low-risk alternative to internal investment of liquidity surplus and long-term profits.
(Speech by Jose Teixeira)
Vice President He Ying made a concluding speech on this forum. She pointed out that the four experts have given an analysis of the epidemic situation from both the micro and macro levels, with solid theoretical knowledge and rich practical experience. The dynamic trend of the post-world economy has brought new perspectives and enlightenments to the development of finance. The speech included both international comparison and country studies, interspersed with historical analysis and practical research and showed the blueprint for future economic and financial development for all participants. She hopes that everyone online and offline can seek new opportunities and development in the changing environments. She also hopes that the participating officials of Portuguese-speaking countries will be able to make more contributions to the development of their own countries and the development of all countries can make great progress.
Written by: Zhang Wen
Photogrophed by: Hong Xingzhi
Reviewed by: Chen Wei
