The Inauguration Ceremony and Annual Forum of FICCRUC
2019-03-23 IMI
Vice President Du Peng announced the establishment of FICCRUC, and unveiled a plaque with Zhou Rong, director of the Alumni Office of Renmin University of China and secretary general of the Alumni Association, Zhuang Yumin, co-chairwoman of FICCRUC and dean of School of Finance of Renmin University of China, and Bu Yanhong, co-chairwoman of FICCRUC and general manager of the Asset Management Department of Postal Savings Bank of China.
FICCRUC is comprised of alumni dedicated to the fixed income fields such as bonds, commodities, foreign exchange, and non-standard assets.
After the inauguration ceremony, the Annual Forum began, centered around “stability” and “changes”.
Wu Xiaoqiu
Wu Xiaoqiu delivered a keynote speech on “‘The Stability’ and ‘Changes’ of China's Finance”. He pointed out that the stability of China’s finance is reflected on the consistency of the principles of the financial system and the macro-control, the continuity of financial sector’s market-oriented reform, its opening-up and the internationalization. While the “changes” of China's finance are concerned with its functions, operation, structure and risks. The financial functions are no longer financing alone but a combination of financing and wealth management. The development of Internet and fintech has changed China's financial operation and has boosted the efficiency. China's securitized financial assets account for a larger proportion, the financial assets’ structure continues improving and the financial functions keep changing. At the same time, China's financial risks have become more and more complicated with increasing uncertainty in the international environment. These are "changes" of China's finance. Moreover, the disintermediation, the penetration of technology and the internationalization are changing China's finance profoundly and driving the financial reform forward. As China's economy continues developing, China has the potential to become a global financial center in the future.
Tang Yiting
Tang Yiting, executive director of FICCRUC and chairman of Beijing Lerui Asset Management Co., Ltd, delivered a keynote speech on “The Outlook on Macroeconomy and the Asset Allocation Strategy”. He reviewed the macroeconomic trends in 2018, analyzed domestic monetary and fiscal policies, and predicted the performance of major assets in 2019. He believed that there are opportunities for interest rate bonds and credit bonds, and for the equity assets, the allocation can be scaled up further.
Roundtable Discussion Session
After the keynote speeches, three roundtable discussion sessions were held. The themes are “Bank Financing Subsidiaries and Non-Banking Asset Management”, “Finance Facilitating Real Economy: Business Transformation and Opportunity”, and “2019 Major Asset Allocation”.