Academic seminar on the 65th anniversary of the founding of the People’s Bank of China was held in Beijing – Domestic News – Italian Xinhua Times, Xinhua Media Network

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On the occasion of the 65th anniversary of the founding of the People’s Bank of China, on December 17, the China Society for Finance and Banking held an academic seminar in Beijing with the theme of “The Tenth Anniversary of the Reform of China’s Large Commercial Banks and Rural Credit Cooperatives.” Zhou Xiaochuan, Governor of the People’s Bank of China, Dai Xianglong, Secretary of the Party Leadership Group of the National Council for Social Security Fund, Jiang Jianqing, Chairman of the Industrial and Commercial Bank of China, Wu Xiaoling, Deputy Chairman of the Financial and Economic Committee of the National People’s Congress, and Li Yang, Vice President of the Chinese Academy of Social Sciences attended the meeting and delivered keynote speeches. Pan Gongsheng, Vice Governor of the People’s Bank of China, presided over the meeting.

In his speech, Zhou Xiaochuan focused on reviewing the reform process of rural credit cooperatives since 2003, summarizing the experience of rural credit cooperative reform in incentive mechanism design, moral hazard prevention and strengthening rural financial supervision, and combined with the implementation of the Third Central Committee of the 18th CPC Central Committee The spirit of the plenary session put forward the focus and ideas for the next step in the reform of rural credit cooperatives.

Dai Xianglong spoke highly of the achievements of my country’s large commercial bank reform and rural credit cooperative reform, analyzed the opportunities and challenges faced by my country’s financial system in the establishment of a modern commercial banking system and the cross-border use of RMB, and pointed out that reasonable system design should be adopted Ensure that rural credit cooperatives adhere to the basic direction of serving “agriculture, rural areas and farmers”.

Li Yang believes that the People’s Bank of China has played an important role in supporting the development of the national economy and establishing a modern financial system. The reform experience and theoretical summary of my country’s commercial banks have reference significance for the development of the global financial industry. Currently, issues such as new rules for international trade and financial cooperation, shadow banking and Internet finance formulated by major developed countries require central bank attention.

Xie Ping, deputy general manager of China Investment Corporation, presided over the expert interview session of the seminar. Pang Xiusheng, Vice President of China Construction Bank, Zhang Xiaohui, Director of the Monetary Policy Department of the People’s Bank of China, Zhang Hong’an, Deputy General Manager of Huijin, Hu Zuliu, Chairman of Primavera Capital Group, Wang Chenxi, Chairman of Jiangsu Rural Credit Cooperatives, and Guangdong University of Finance Experts and scholars such as Chang Lu Lei discussed the experience and challenges of my country’s large commercial bank reform and rural credit cooperative reform, interest rate liberalization, and the role of capital markets in commercial bank reform.

About 280 people from the People’s Bank of China system, financial institutions in Beijing and some scientific research institutes attended this seminar. (over)

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