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COSC Financial Research Center Inaugurated and the Seminar on “the Role of Financial Services in the Supply-side Structural Reform” Held in Beijing

Source: Department of Exchanges and Cooperation Date: 2016-09-27
On the morning of September 26, the Inauguration Ceremony and the Seminar on “the Role of Financial Services in the Supply-side Structural Reform” were held in Beijing. COSC Chairman Wang Zhongwei and PBOC Vice Governor Chen Yulu attended and addressed the inauguration ceremony. COSC Vice Chairwoman Wang Hong chaired the ceremony.

The COSC Financial Research Center was established by COSC, supported by PBOC and participated by Tsinghua University Financial Research Center, Pingan Bank and Haitong Securities. It aims to establish new research mechanisms, a shared platform for financial policy research and a new financial think tank that is professional, international and with special features.
   
Chairman Wang Zhongwei said in his speech that the establishment of the center is an important step taken by COSC to build a high-level government advisory body. The center will focus on hot topics and difficult issues in the financial sector to stay relevant and pragmatic. It will provide policy advice for the government through cooperation with Chinese and foreign think tanks, communicate China’s major financial policies, tell Chinese stories, and make contribution to China’s financial reform.

Vice Governor Chen said that the Financial Research Center is another important exploratory step taken by the two sides based on past cooperation. It signals another big stride forward in cooperation. The purpose of the Center is to pool wisdom and resources, do research on major financial issues and provide timely policy advice so as to better serve modern financial governance.
   
After the inauguration ceremony, the Seminar on “the Role of Financial Services in the Supply-side Structural Reform” was held. Counsellor Lin Yifu, Vice Chairman of the NPC Financial and Economic Committee and Dean of PBC School of Finance, Tsinghua University Wu Xiaoling, Counsellor Li Qingyun, COSC Research Fellow Yao Jingyuan and Zuo Xiaolei, Director General of PBOC Research Department Lu Lei, Director General of PBOC Financial Market Department Ji Zhihong, Director General of PBOC Financial Consumption Rights Protection Department, Deputy Director General Yao Qian, Managing Director of China International Capital Corporation Limited Huang Haizhou, Chairman of Taikang Life Insurance Company Chen Dongsheng, President of Pingan Bank Shaoping and General Manager of Haitong Securities Qu Qiuping spoke and provided advice on two topics, namely modern finance and new growth drivers, financial inclusion and inclusive development.
   
COSC Vice Chairman Zhao Bing attended the inauguration and the seminar. President of the Chinese Internet Finance Association and former Vice Governor of PBOC Li Dongrong and Director of the Counsellors’ Office of PBOC chaired the two sessions respectively.