The 2nd China Lixin Finance Forum with the theme of “New Finance, New Power and New Development” was held in Pudong campus of our school on October 13, 2018. The Forum was co-sponsored by Shanghai Lixin University of Accounting and Finance (SLU) and National Academy of Economic Strategy, CASS, and co-organized by School of Finance of SLU, Finance & Trade Economics editorial office of National Academy of Economic Strategy, CASS, and Institute of Financial Investment and Green Development, SLU.
Du Zhixiong, Secretary and Researcher of National Academy of Economic Strategy, CASS and Gu Xiaomin, Vice President of SLU, addressed respectively on the opening ceremony. Researcher Du expressed warm welcome to all experts and other people present, and raised many expectations on the Forum. He mentioned the words “new finance, new power and new development” for many times, and pointed out new development requires the support of new power while new development and new power require being linked with and promoted by finance, especially by green finance. He also inspired the National Academy of Economic Strategy, CASS and experts and scholars to carry out more cooperation in this field. After giving warm welcome and sincere gratitude to attending experts and scholars, Professor Gu also described the development history of our school, overall situation after co-education and the development results of various specialties. Gu said our school actively implements the spirit of 19th CPC National Congress, and strives to develop into a first-class application-oriented finance and economics school and to cultivate financial professionals with international vision. Finally, he cordially invited all the guests to attend the 90th Anniversary of SLU. The opening ceremony also announced the list of winners of essay competition held by the Forum and issued certificates to the winners. The award ceremony was hosted by Professor Xu Wenxin, Dean of School of Finance, SLU.
At the first stage of the keynote speeches, Sheng Songcheng, Counselor of Shanghai Municipal People's Government, former Director of Statistics and Analysis Department of The People's Bank of China, and distinguished (guest) professor of SLU, made an analysis on the title of “Paradox of Digital Currency Development”, in which he pointed out the paradox of digital currency is that people must make a choice between pursuing the stability of currency value and using currency policy to adjust economy. He said cash-free society would not come true in a long time and expressed skepticism on the prospect of digital currency. Professor Chen Shiyi, Changjiang Scholar, Secretary of School of Economics, Fudan University, and Fanhai International School of Finance, gave a report titled by “Air Pollution Management and Economic Transformation and Development”. In the report he pointed out that although haze governance will adversely affect economic output in a short term, it will be more important to improvement of development quality and efficiency for sustainable economic development in the long term. It is needed to adjust and optimize industrial layout, strictly control the yields of high pollution and high energy consumption industries, energetically develop green and environmental industries, build new market-oriented green technology system, develop green finance, expand the scale of green industry, and positively support and develop a number of large energy-saving and environment-friendly enterprises with international competitiveness. The first stage of keynote speeches was hosted by Professor Xu Wenxin, Dean of School of Finance, SLU.In the second stage, Professor Li Jianjun, Dean of School of Finance, Central University of Finance and Economics, gave a report titled by “Information Technology, Inclusive Finance and Banking Performance”, in which he stated banking performance may be improved by an information technology reform rather than the traditional inclusive finance; the development of informatization inclusive finance of commercial banks has obvious regional imbalance, the development modes of informatization inclusive finance of banks are commercially sustainable, and informatization inclusive finance lags behind financial performance and growth performance. In addition, he pointed out that the main external factors to such developmental differences include competitive environment, educational level, informatization degree and per-capita income. In her report titled “Agricultural Drought Risk Management Innovation: Research on Application of Financial Instruments”, Professor Wang Huimin, Deputy Dean of the Business School of Hohai University and Changjiang Scholar, introduced the general situation of agricultural drought risks in China, mentioned that the increase in agricultural drought risks has awakened farmers’ risk awareness. She also pointed out that changing traditional management into data management based on agricultural drought big data can help expand agricultural drought risk management paradigm and that it’s necessary to innovate financial instruments such as insurance and options, build a multi-level agricultural risk management pattern, explore agricultural drought risk management system and compensation mechanism and provide accounting basis and theoretical framework. In his report titled “Several Theoretical Problems in the Development of Inclusive Finance”, Professor Xiong Deping, Dean of the School of Finance of Yunnan University of Finance and Economics, explained the basic concept of inclusive finance, analyzed theoretical innovation problems, mechanism innovation problems and model innovation problems in the development of inclusive finance, proposed that developing Chinese characteristics should be combined with Chinese system and Chinese culture, and dissected hot financial problems in detail. The second stage of keynote speeches was hosted by Associate Researcher Wang Zhenxia, Deputy Director of the editorial office of Finance & Trade Economics of the National Academy of Economic Strategy, CASS.
In the afternoon, three sub-forums and one exchange meeting between periodical editors and authors were held. The three sub-forums mainly centered on hot academic topics in the economic and financial field after the 19th CPC National Congress. The sub-forums were hosted by Yang Xinming, Director of the editorial office of Economics Information, Shi Youwen, Deputy Director of the editorial office of Journal of East China Normal University (Philosophy and Social Sciences), and Wu Ling, Director of the editorial office of Journal of Hohai University (Philosophy and Social Sciences) respectively. The exchange meeting between periodical editors and authors was hosted by Professor Zhang Yun, Deputy Dean of the School of Finance of Shanghai Lixin University of Accounting and Finance, Director of the Financial Investment and Green Development Center of Shanghai Lixin University of Accounting and Finance. Authors had heated discussions and offered professional guidance with editors of several periodicals including Economic Research Journal, The Journal of World Economy, China Industrial Economics, Finance & Trade Economics, The Journal of Quantitative & Technical Economics, Economics Information, Journal of Finance and Economics, Studies of International Finance, Shanghai Economic Review, Journal of East China Normal University (Philosophy and Social Sciences), Journal of Shanghai University of Finance and Economics, Industrial Economics Research, Journal of Hohai University (Philosophy and Social Sciences), Financial Minds, Journal of Accounting and Economics, etc. The 2nd China Lixin Finance Forum, advocating research of basic theories and application countermeasures that are closer to the actual situation of China, has set up a high-level academic exchange platform for economic scholars and is beneficial to the cooperation and development of economic and financial disciplines as well as plays an active role in our university’s specialized discipline construction and teaching and scientific research work.