Roundtable on Money and Finance•Winter 2015: Cross-strait Financial Cooperation after RMB's Inclusion into the SDR

On January 16, Roundtable on Money and Finance·Winter 2015 was held in Fuzhou, jointly organized by IMI, Minjiang University and RUC Fujian Alumni Association. The conference was themed cross-strait financial cooperation after RMB’s inclusion into the SDR. The conference was attended by Wei Benhua, former deputy administrator-in-bureau of SAFE; Wu Guopei, governor of Fuzhou Sub-branch of PBoC and administrator-in-bureau of Fujian Administration of Foreign Exchange; Sun Lujun, director of Guoxin International Investment Co., Ltd. and former director general of Capital Project Management Division of SAFE; Su Suhua, vice president of RUC Fujian Alumni Association; E Zhihuan, deputy general manager of Economics & Strategic Planning Department of BoC (Hong Kong); Guo Haiying, director of RUC alumni office; Zhuang Yumin, vice president of Minjiang University; Ding Jianping, deputy director of Shanghai Institute of International Finance Center; Cai Yingyi, professor of National University of Kaohsiung; and more than 100 other guests from Beijing, Shanghai, Fujian, Taiwan and Hong Kong. The conference was chaired by Tu Yonghong, deputy director of IMI. The conference was held on the day of Taiwan’s presidential election. It is of great significance to discuss economic and financial cooperation on this day. Zhuang Yumin, Su Suhua and Guo Haiying made the opening remarks. Zhuang Yumin expressed her expectation that financial cooperation would be promoted through this conference. Su Suhua stressed that the SDR inclusion would accelerate the development of Fujian’s economy. Guo Haiying pointed out the fact that Fujian province, as a model of cooperation between RUC and provincial colleges attached a great importance to the introduction and training of high-level talents. On behalf of RUC-Taiwan Sinopac research team, Prof. He Qing and Prof. Cai Yingyi delivered the keynote speeches. Prof. He focused on the research on One Belt One Road and cooperation mechanism across the strait. He pointed out the fact that the economic cooperation between mainland and Taiwan was still restricted by various factors. Furthermore, he put forward profound suggestions on deepening cross-strait financial cooperation and promoting regional integration from five aspects. Prof. Cai analyzed cross-strait financial cooperation after RMB’s inclusion into the SDR in three aspects: current situation and challenges of the cooperation, Taiwan’s financial development and opportunities, relations of mainland and Taiwan, etc. He emphasized the core issue of deepening cross-strait exchange and cooperation was transforming “China Threat” to “China Trust” in 2016. In the panel discussion, the guests discussed in-depth on topics of SDR inclusion, cross-strait financial cooperation, RMB internationalization, etc. Wei Benhua explored the significance of RMB’s inclusion in the SDR and the impact on RMB internationalization. E Zhihuan emphasized issues of RMB exchange rate and RMB internationalization. Zhao Zhong, the founding partner of Murong Investment. Ltd., presented his insight about the capital market under the exchange rate reform. Pan Changfeng, director of Internet Financial Development Research Center, elaborated the effects of SDR inclusion on the development of Free Trade Zone. Qian Zongxin, assistant professor of RUC, analyzed the decisive factors of the core business of offshore financial centers and its guidance to cross-strait financial cooperation.

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