On 12 June, “Financial Cooperation" Forum on training class of financial cooperation with Portuguese-speaking countries organized by our school in 2018 was successfully held. The forum was presided over by He Ying, vice-president of our school, and Ye Guobiao, general manager of China's Financial Information Center, Sergio G. Suchodolski, director of Strategy and Partnership Bureau of New Development Bank of BRICS Bank, Eunice Mafalda Trancoso Da Rocha, head of Bilateral Affairs Office of Strategic Planning Assessment and International Relations of Ministry of Finance of Portugal keynoted the convention as distinguished guests of forum. All the students of training class of financial cooperation with Portuguese-speaking countries of 2018 participated the forum. Financial Network of Lujiazui made live streaming with photos and words for the entire conference in real-time. 

(The picture shows Ye Guobiao, general manager, delivering the speech)

Ye Guobiao, the general manager, emphatically introduced the achievements made so far in construction of Shanghai's financial center and the tremendous changes occurred during the past 40 years in Shanghai since its implementation of the reform and opening-up policy. He believed that, among the “Four Centers” that Shanghai was going to construct, the most important one is the construction of International Finance Centre. He pointed out that, besides financing institutions gathered in Shanghai, such as HSBC, SCB and so on, financial market, production elements market and trading platform that had most complete production elements market in the country were also constructed. At the same time, Shanghai also attracted a lot of financial talents. He believes that finance is the core and lifeline of the economy. The economic globalization would inevitably lead to the opening-up and international cooperation in the field of finance. China’s degree of opening in aspect of financial industry would increase.

(The picture shows Sergio G. Suchodolski, the director)

Sergio G. Suchodolski, the director, keynoted the convention on the theme of prospects and opportunities of BRICS in financial cooperation. He introduced the business, policies and future prospects of New Development Bank of BRICS. He pointed out that, although the development bank of BRICS wasn’t set by BRICS, it also aimed at the needs of developing countries besides launching investment projects in BRICS, mainly in infrastructure construction and sustainable construction and aimed at the needs of developing countries. While New Development Bank was composed of BRICS, it was expected that there would be more participants in the future.

(The picture shows the scene of forum)

Mrs. Eunice Mafalda Trancoso Da Rocha introduced the experiences of Portugal and other Portuguese-speaking countries in terms of cooperation in finance. She pointed out that there are currently three cooperation directions, that is, cooperation in technology, cooperation in finance and cooperation in bilateral tax affairs, respectively. She touched cooperation of Portugal and other Portuguese-speaking countries in aspects of financial information sharing, optimized taxation method, exchange rate stabilization mechanism, payments and settlement System, realization of objectives of monetary policy and convenience of facility loans etc.. Which impressed the attendees a lot.

(The picture shows the speech of Mrs. Eunice Mafalda Trancoso Da Rocha)

He Ying, vice-president, commented on the speeches of distinguished guests of the forum one by one. Then, attendees made in-depth discussion in Finance Theory, Financial Practice and so on. Finally, He Ying, vice-president, generalized the content of the forum. She pointed out that, many bottlenecks in the field of financial cooperation and possible solutions in the future were identified through the forum. This indicated that, if there is need for financial cooperation, there is potential and prospect of financial cooperation. With the continuous deepening of globalization, although there is school of thoughts of reverse globalization during the process, the trend of globalization is unstoppable. She sincerely hoped that, with the trend of globalization, the field of financial cooperation between different countries would be broadened, and the financial cooperation between different countries would gain long-term development.

(The picture shows the speech of He Ying, the vice-president)