2017 International Monetary Forum·Theme 6: China-US Student Leaders' Dialogue

2017-07-26 IMI

On the afternoon of July 26, the China-US Student Leaders’ Dialogue was held at the East Hall of the Student Activity Center. The forum was co-sponsored by School of Finance of RUC and the US CET Academic Project, organized by IMI and the Youth League of School of Finance, and supported by Beijing Gintong Net Investment Co., Ltd. The forum was chaired by He Qing, professor of School of Finance and senior research fellow of IMI. This forum is themed "Sino-US cooperation in green finance and fintech." International students attending the forum come from world-class universities such as Yale University, New York University, University of Michigan, George Washington University, University of Minnesota, Brown University, Hill Dale College and Meadbury College. Domestic students come from Renmin University of China and Nanjing Normal University. They exchanged ideas in terms of Sino-US cooperation, green finance and fintech. Sun Hualing, secretary of School of Finance Party Committee, delivered the opening speech. She thanked friends and students for their attention and help, and firmly believed that the financial dialogue between Chinese and American students would provide more talents for promoting Sino-US cooperation and win-win as well as world peace and development. It has become a successful model for international financial talent training and academic exchanges. In the first part of the keynote speech, Benjamin Akre-Fens from the University of Minnesota explained the concept of "green bond", pointing out the significance of green bonds and ways to expand their issuance. Dai Zhuojun from Renmin University introduced fintech in detail, and compared the status quo of fintech in China and US in terms of capital and asset; Hu Jingyi from Nanjing Normal University objectively analyzed the significance of Sino-US green credit cooperation in the two countries and the world at large, pointing out the challenges and solutions in cooperation. In addition, Arthur Befumo from Yale, Max Bork from the New York University and Hu Xin from Renmin University discussed issues on carbon emission tax, electronic payments, and fintech regulation. Later, Yang Wang, Director of Hande Financial Research Institute and Chang Hu, Dean of the Department of Environmental Economics and Management of Renmin University, commented on the students’ speeches, and praised the students for their efforts. Meanwhile, they offered valuable suggestions for students’ speeches, and expressed their insights on green finance, financial technology among others, expressing their hope for Chinese and American students to join hands for sustainable development. In the second part of the keynote speech, Weng Haitao from Renmin University elaborated on the basic connotation of green finance, analyzed the development of green finance in China and the US, and looked forward to future of green finance in China. Xiao Bogao from Renmin University analyzed the cooperation model of green finance; Jack Ombry from the University of Michigan introduced the mechanism and purpose of China’s financial investment by discounts based on the new policy. In addition, Sung Eun Buen from the University of Michigan, Shi Luji from Renmin University, and Eleanor Hume from the George Washington University had a discussion on financial opportunities and risks, green finance and international relations and sustainable fashion. Subsequently, Lan Hong, professor of Renmin University and Li Xiaodong, deputy managing director of Beijing Ginkgo Shenghong Investment Management Co., Ltd gave their comments, profoundly explained the relationship between green industries and finance. They comprehensively analyzed the role of green finance in the economy and the society, and suggested that students do more pragmatic research. Feng Yu, leader of the US CET Academic Project made a concluding remark. He spoke highly of the students’ speeches, pointing out that this forum exceeds previous ones in terms of both scope and depth. American students were praised for making high quality academic reports in Chinese, as exchanging academic views in Chinese and English has become a major trend. Finally, he thanked the students for their performance and organizers for their preparation. After the meeting, students from both sides had dinner together. As a platform for Chinese and American students to interact, this forum enhanced our international reputation and influence. At this forum, Chinese and American students discussed the hotspot issues of contemporary finance from environmental protection to technology, exchanged their research results, and listened to the valuable suggestions of professors. Through the discussion, the students deepened their understanding of international green finance and Sino-US financial cooperation and enhanced their friendship.

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2017 International Monetary Forum·Theme 6: China-US Student Leaders' Dialogue

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