In the morning of September 24, Regional Finance Development Forum 2019 under Seminar on Currency and Banking Management in Developing Country was held in our school. Vice-president He Ying presided over the forum, and Researcher Xiao Benhua and Associate Professor Wu Jun from He Ying Studio, Decision-making Consultation Research Base, Shanghai Municipal People’s Government, Mohammad AnamulHuq, Deputy Secretary of Financing Institution, Ministry of Finance, Bangladesh Customs keynoted the convention as guests of forum, and all the students of Seminar on Currency and Banking Management in Developing Country 2019 participated in the discussion.

Professor Xiao Benhua delivered speech under the theme of financial integration of Yangtze River Delta. He pointed out that, in 2018, financial integration of Yangtze River Delta has become a national strategy, and the construction of port cluster centered on Shanghai helps promote the capacity and level of Yangtze River Delta in the world economic structure and provide a model for regionally integrated development in China. Resources optimization deployment can be realized through financial integration as the elements flow freely in the region. The high-quality development can be promoted in the Yangtze River Delta, and the international competitiveness of regional financial industry will be improved. The construction of Shanghai as an International Finance Centre is of great significance to Shanghai, China and the world. He pointed out, the paths to the financial integration of Yangtze River Delta include integration of financial policy, integration of financial elements market, integration of financial data and information, integration of financial talents and staggered development of financial functions.

Associate Professor Wu Jun emphatically introduced the history and current situation of financial center, and its close relationship with the development of regional economy. She proposed that, the formation of International Finance Centers followed their own internal mechanisms, such as London, UK in the 19th century, New York, US, after World War II, Tokyo, Japan, in 1970s, and so on. Through comparison, she further stated that, under the background of the rise of Asia, when China became the world's second largest economy and the largest trading country in the world, with the economic take-off of China, Shanghai is striving to build global assets management center, international insurance center, RMB cross-border investing and financial service center, Global RMB Asset Pricing and Payment Settlement Center and Financial Technology Center, and it is constructing a comprehensively financial support and service system for venture investment, bank credit, bond market and stock market etc. She stressed that, like the old saying goes, “a canal is formed when water comes”, Shanghai will surely become a new International Finance Centre in the near future.

Based on the subjects that experts and scholars discussed on the Seminar, Mohammad AnamulHuq referred to the situation of Asia and Bangladesh, compared it with Chinese experience, and talked about students' personal understanding and experience. Meanwhile, he pointed out there were feasibility and possibility for the regionally financial cooperation between China, Asia and Bangladesh.

He Ying, vice-president, commented on the speeches of distinguished guests of the forum one by one. She pointed out that, the financial development and the regional economy were interconnected, and the financial support was a necessity for the economic development while the financial industry would facilitate the economic development in turn. The mechanism was quite prominent in China, especially in Shanghai and Yangtze River Delta. In terms of Regional Finance Development Forum, it was very important to have exchanges of experiences between China and other countries. She believed that, China, its neighboring countries in Asia and other countries in the world had strong intention of regional finance development, which should be realized by building stable cooperation platform based on the actual situation of different countries in the future.

Drafted by: Zhang Ximing

Photographed by: Li Wenting

Reviewed by: Chen Wei

Edited by: Shen Weiping