Youth Forum on Primary Finance held in Shanghai

On October 15, 2021, the first New Finance Youth Forum on the theme “New Era · New Finance · New Youth” was held in Shanghai. The discussion set up the opening ceremony and the leader’s speech, the message from the world leader, the distribution function of the new financial plan for young leaders, the roundtable dialogue. Pan Gongsheng, vice-governor of the People’s Bank of China and director of the State Administration of Foreign Exchange, said in his speech that it is important to provide a good monetary climate in Shanghai to attract and bring together talent, and to help build the monetary technology center. Pan Gongsheng, Deputy Governor of the People’s Bank of China, Director of the State Administration of Foreign Exchange.

Ren Deqi, chairman of the Bank of Communications and chairman of the Shanghai Financial Association, noted that talents matter most in finance in the new era. He proposed to take full advantage of financial institutions’ advantages in terms of funds and information to better attract young high-caliber talents in the field of finance.

Wu Qing, vice mayor of Shanghai, said the forum, aimed at cultivating financial talent for the future and promoting young talent communication, is organized on time and far-reaching. The launch of the Youth Leadership Program would inject new impetus into the financial sector, he added.

Chen Lujun, chairman of China News Service, said we are witnessing unprecedented major changes taking place around the world alongside the COVID-19 pandemic. The international situation, the world economy and the financial structure are undergoing profound changes. In a new era, full of new challenges and opportunities, the main topics on how Chinese finance can better serve the overall development of the country and how Chinese youth can better fulfill their mission of national rejuvenation deserve in-depth discussion.

During the panel discussions, guests exchanged ideas on topics such as the development of global finance, the construction of the Shanghai International Financial Center and fintech innovation.

During remarks by Global Champion, guests including Steven Barnett, the IMF’s senior resident representative in China, Howard Marks, founder of Oaktree Capital Management, and Zhu Xian, former vice president of the World Bank, addressed messages to the young talents.

Tu Guangshao, president of the Shanghai Finance Institute, highlighted two priorities for building the Shanghai International Financial Center: trying to improve weak links by accelerating commercialization, legalization and internationalization and seizing new development opportunities, including green finance and digital finance.

Liu Jun, chairman of Bank of Communications, said what young champions might learn during the forum should not be limited to technology, items, knowledge and information, but include cultural memes and a philosophy that have been passed down from generation to generation.

The Youth Leadership Program, jointly launched by the Shanghai Financial Association, Bank of Communications and China News Network, was officially launched at the event. It aims to help implement key national strategies by training young champions and developing technological innovation programs. The first Financial Youth Forum was organized by the Shanghai Financial Association and the Bank of Communications, in cooperation with China News Network.

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  • Youth Forum on Primary Financing held in Shanghai
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