The 2024 Financial Street Forum Annual Conference kicked off today in Beijing, running from October 18 to 20. Over 500 distinguished guests from more than 30 countries and regions are gathering to discuss pressing topics in the economy and finance, focusing on how to deepen collaborative partnerships and share developmental opportunities.
This year’s forum, themed “Trust and Confidence—Jointly Discussing Financial Open Cooperation for Shared Economic Stability and Development,” features key speakers at the opening ceremony, including Pan Gongsheng, Governor of the People’s Bank of China; Li Yunzhe, Head of the National Financial Regulatory Administration; and Wu Qing, Chairman of the China Securities Regulatory Commission. Their speeches emphasized signals for stabilizing the economy and promoting development.
Governor Pan highlighted that the People’s Bank of China will further enhance its monetary policy framework, improve the financial service’s adaptability and precision concerning economic structure adjustments and dynamic balancing, and establish a more robust macro-prudential policy framework along with mechanisms for systemic financial risk prevention and management. He also mentioned aspirations for a higher-level, open financial system.
Li Yunzhe remarked that the National Financial Regulatory Administration will guide financial institutions to continuously increase financial supplies, optimize resource allocation, and facilitate smooth capital circulation, aiming to support the economic recovery. He emphasized the commitment to creating a market-oriented, law-based, and international business environment with higher standards, greater intensity, and more practical measures to promote high-level financial openness.
Chairman Wu focused on the China Securities Regulatory Commission’s commitment to enhancing the quality of capital market development, strengthening foundational capabilities, and implementing stringent monitoring and management to prevent risks while effectively leveraging capital market functions to better serve the broader goals of economic and social development.
Established in 2012 as a significant platform for national open development, the Financial Street Forum is regarded as a “barometer” for China’s financial reform and development. This year’s event features a framework of “main forum + parallel sessions + financial technology conference,” hosting over 40 activities, with additional venues set up in Hong Kong, Luxembourg, and Tokyo.
