IMI & CEPS Jointly Held the Third EU-Asian Financial Services Relations Annual Meeting

2016-05-27 IMI
May 26 to 27, The Third EU-Asian Financial Services Relations Seminar was held in Beijing’s Financial Street jointly by Center for European Policy Studies (CEPS), International Monetary Institute of Renmin University of China (IMI), Asian Securities Industry & Financial Market Association (ASIFMA), Afore Consulting, Center of Bank and Financial Law of University of Singapore. Andrea Enria, president of European Banking Authority, Wei Benhua, academic committee member of IMI and former deputy administrator-in-bureau of the State Administration of Foreign Exchange, Ben Shenglin, executive director of IMI, and more than 100 Chinese and foreign guests from leading financial institutions and organizations including European Central Bank, People’s Bank of China, Hong Kong Monetary Authority, Hong Kong Securities and Futures Commission, Info-Communication Development Authority of Singapore attended the meeting. QQ截图20160617101530

The meeting

The year 2016 is of special significance. China takes the presidency of G20 in 2016, and last year is the 40th anniversary of the establishment of China-EU diplomatic relations. This meeting is a platform for policy makers, scholars and leading managers from EU and Asia to communicate and exchange ideas on EU-Asian trade, investment and financial services, and thus to promote the industry’s prosperous development. This meeting covered various topics related to EU-Asian financial services relations, including examining the basic principles of trading books, corporate bond, Internet finance, payment innovation, stock market fluctuations, shadow banking and asset management. The meeting had six topics: Trading Book of Banks: Implications of Bank Transaction Model, Corporate Debt in Asia: An Increasingly Integrated Regional Market, How Do Financial Technologies Redefine the Financial Industry, Means of Payment in the 21th Century, Asian Stock Market: Critical Moment, Asian Shadow Banking and Asset Management. Ben Shenglin, executive director of IMI, shared his insightful view on Chinese Internet finance in the session of How Do Financial Technologies Redefine the Financial Industry on the first day of the meeting. He mentioned the differences in Chinese Internet finance and that of the western world, why does Internet finance develop so rapidly in China, and what can western countries learn from China’s Internet finance development. In the end, he answered questions from other scholars. In regard to the issue of consumer protection, Wei Benhua, administrator-in-bureau, as the keynote speaker of the second day’s meeting, hosted the relevant topic and made a speech. QQ截图20160617101546

Director Ben Shenglin is giving a speech

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Administrator-in-bureau Wei Benhua is hosting the meeting

CEPS (Center for European Policy Studies) is one of the leading think tanks of studying the European issues, and has kept close cooperation with IMI. As this meeting successfully came to an end, the both sides are expecting further academic exchanges.