Tao Xiang International Finance Lectures (No. 16): Finance Supporting Industries and Japan's Economic Outlook in 2050

On the afternoon of December 12th, Tao Xiang International Finance Lecture (No. 16) was successfully held in the Renmin University of China. Toyoki Oka, President of Mizuho Bank China Ltd., gave a speech on Finance Supporting Industries and Japan's Economic Outlook in 2050. The lecture was hosted by Prof. Tu Yonghong, deputy director of IMI and professor from the School of Finance in Renmin University of China. He Ping, associate professor from the School of Finance in Renmin University of China, teachers and students of the School, and guests from the academia and industries also participated in the lecture. To start with, President Oka gave a general introduction to Mizuho Financial Group and Mizuho Bank, including its history, organizational structure and its relationship with Renmin University of China. Subsequently, he gave three examples to illustrate various initiatives made by Mizuho Bank in supporting the development of environment, energy, medical, health, agriculture, forestry and fishery industries. Mizuho Bank’s initiatives in supporting the industries include an cross-country project involving an intelligent community that utilizes wind, firepower and solar power generation, a program aiming to raise the public’s awareness of health via points scheme and a fund specially built for the cultivation, collection, process instruction and sales of agricultural products. Moreover, Mr. Oka has shared his insights into Japan's economic and industrial technological innovations in 2050. He predicted that Japan and the world as a whole will continue to face problems such as low birth rate, aging population, unsustainable social security, a worsening traffic environment, and increasing carbon dioxide emissions. However, genetic technology, the application of new energy, AI and the popularity of big data will all solve these problems more effectively. At the end of his speech, Mr. Oka also sent his earnest and thought-provoking words to the students at the lecture. In the Q&A session, Mr. Oka discussed with the people present the impact of the unequal talent introduction on the future development, the changes in Mizuho Bank and its role in Japanese economy before and after the financial crisis and Mizuho Bank’s changes in service and innovation to adapt to new technologies. He Ping, an associate professor of Renmin University of China, commented on the development of the Japanese economy and the current status of Mizuho Bank. At last, Professor Tu Yonghong awarded the honorary certificate of Tao Xiang International Finance Lecture to Mr. Oka. As Prof. Tu introduces, the Lecture was launched on the occasion of the tenth anniversary of Professor Tao Xiang’s death, and was initiated by the Graduate School of Finance in Renmin University of China and the Institute of International Finance in Renmin University of China. The Lecture are held 12 times each year, revolving around macro-finance and featuring case teaching. It touches upon international economic policies, international financial organizations, international banking supervision, RMB internationalization, international banking development strategy, international financial risk management, cross-border mergers and acquisitions, international fund operations, derivatives trading, international financial leasing, multinational syndicates, asset securitization, and internet finance. The Lecture invites experts and leaders to disseminate knowledge, aiming to help RUC in cultivating new talents who excels in theories and international financial management skills for the 21st century.

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