On the morning of October 16, the opening ceremony for “Ministerial Workshop on Financial Strategies for Developing Countries 2019”, which was sponsored by Ministry of Commerce of P.R.C. and organized by Training Base of International Commerce Officers (Shanghai) of our school, was held in Room 1401, Xuhui Campus. Liu Beimin, Deputy Director of Department of Foreign Economic Cooperation, Shanghai Municipal Commission of Commerce, He Ying, Director of Training Base of International Commerce Officers (Shanghai) of Commercial Department and Vice-president of SBS, Chen Wei and Fu Jiandong, Associate Deans of School of Continuing Education attended the ceremony.

The current workshop is a multilateral program which serves developing countries and lasts for 7 days. A total of 26 officials from ten countries, that is, Bosna and Hercegovina, Burkina Faso, Cambodia, Dominica, Ethiopia, Nepal, Panama, Sudan, Uganda and Uruguay, participated in the workshop, in which there are 5 ministerial-level officials, that is, Senator of Federal Parliament of Nepal, Minister of National Affairs from Prime Minister's Office of Uganda, Special Councilor from Office of the President of Burkina Faso and Vice-minister from Department of National Affairs, Ethiopia.

In the opening ceremony, Liu Beimin, Deputy Director of Department of Foreign Economic Cooperation, Shanghai Municipal Commission of Commerce, delivered the speech. She said that, China is not only a long-term financial partner of developing countries, but also a backbone force which promotes regional economy, financial healthy and stable development. She believed that, in recent years, a proactive fiscal policy and a prudent monetary policy that China had implemented helped realize a sound development of the economy in China, and the contribution that finance made to economy and society became even stronger. She pointed out that, a pluralist and modernized financial system was gradually established, and there was a new leap forward in the level and quality of financial industry in Shanghai; moreover, a substantial change and step-forward had been taking place in aspects of financial regulation and risk prevention. In this respect, Shanghai had accumulated rich experiences and a lot of cases for the research and reference of developing countries. She hoped that, the current workshop became an opportunity for the officials from different countries so that they can learn from each other and make exchanges, and the workshop would serve a bridge which facilitates communications between developing countries in various fields and deepens their pragmatic cooperation.

Vice-president He Ying introduced preparation and arrangement work that SBS had done for the current workshop in aspects of project design, management service and supportive guarantees and so on. She pointed out that, Shanghai was playing a leading role in the development of China's economy, and it had always been the pioneer which took the lead to make reform and development in different industries and domains, such as, establishment of Waigaoqiao Free Trade Zone in the beginnings of Reform and Opening Up, etc. and now, Shanghai implemented "First Exercise and First Try” policy, and established Pilot Free Trade Zone of Shanghai (pilot area) which was flourishing. A system of financial market featuring complete layout, complete varieties and brisk trade was formed. She stressed that, the current workshop was designed to further promote the exchange and cooperation between China and developing countries in the field of financial strategy, introduce Chinese experience to developing countries for the development of their financial strategies and share the results that China had achieved in this field. She hoped that, trainees and officers shared their advanced experience that they had gained in the domain of financial strategy through the workshop, discuss the bottlenecks and difficulty that they had encountered in the financial development and jointly adapt to new environment and respond to challenges.

On the behalf of all officials, Radheshyam Adhikari, Senator of Nepal, expressed his sincere thanks to Ministry of Commerce of P.R.C. (sponsor) and Shanghai Business School (organizer) for the effort that they had made for the current workshop. He believed that, through the workshop, they can learn more new techniques and methods that would be helpful to the financial development in their own countries.

The seminar would invite experts and scholars from China's Financial Information Center, Orient Securities, Bank of Shanghai and SBS to share their practical experience and research achievement on special subjects such as financial strategy, risk management of financial system, China's industrial structure transfer and development of financial service industry etc. Ministerial Forum of “Financial Strategy” would be held during the workshop. During the workshop, the officials would go to Shanghai Gold Exchange for investigation and exchange, so that they could have close encounter with Shanghai in the domain of financial strategy. Before the workshop was ended, the officials would visit and inspect Hangzhou, Zhejiang Province, so that they can have deeper understanding of the implementation of financial strategy in different cities in China and the Chinese culture.

Drafted by: Zhang Ximing

Photographed by: He Xiaoming

Reviewed by: Chen Wei

Edited by: Wu Guojun