“Financial Development in the Post-epidemic Era: Opportunities and Challenges” Forum Held Successfully

On the evening of July 20th (Beijing time), the forum “Finance Development in the Post-epidemic Era: Opportunities and Challenges” hosted by our university was successfully held. The forum was conducted in a combined online and offline manner, with Vice President He Ying presiding over the forum. Jiang Hai, Deputy Dean of the School of Economics of Jinan University, Liu Gongrun, Deputy Dean of CEIBS Lujiazui Institute of International Finance, and Deolinda Kiddy C. Oman, Technical Director of the Payment System of the Central Bank of Sao Tome and Principe, delivered keynote speeches. Dai Ying, Deputy Dean of the College of International Education, and 68 participating officials from the relevant departments of the Ministry of Finance, the Central Bank and the National Bureau of Statistics of Angola, Mozambique, Sao Tome and Principe attended the forum.

Against the backdrop of the COVID-19 pandemic and the sluggish development of the world economy, the economic and trade cooperation between China and Portuguese-speaking countries still maintains a high scale. In April this year, the Special Ministerial Meeting of the China – Portuguese Speaking Countries Economic and Trade Cooperation Forum was successfully held in Macau. It has been six years since the Fifth Ministerial Conference of the Forum between China and Portuguese-speaking Countries was held, and the cooperation has achieved remarkable results in various fields.The forum aims to build a platform for exchange to achieve mutually beneficial cooperation between the “incoming” and “outgoing”, to benefit from the achievements of the “Belt and Road” initiative, to open a new window of opportunity to complement each other’s advantages and open development, and to provide new development opportunities to enhance the well-being of people in all countries.

Under the theme of “Financial Digitalization and Systemic Financial Risks”, Jiang Hai elaborated on the current global financial and economic situation from four aspects: the basic judgment of the current financial and economic situation, the fourth technological revolution and financial digitalization, the current status of China’s financial digitalization, and financial digitalization and systemic risks. He believes that the impact of the new crown epidemic on the global economy will continue, and that the Russia-Ukraine conflict poses great challenges to the global energy and food markets.

From the perspective of high inflation and the global economy and finance under the influence of the epidemic, Liu Gongrun proposed that the cause of the global inflationary economy is the high inflation of the US dollar, and pointed out that hyperinflation depreciates assets. Developed countries can rely on economic strength to resist inflation, and even pass the crisis on to developing countries. Liu Gongrun suggested that developing countries especially need to be alert to the global inflationary flood.

Deolinda Kiddy C. Oman took the financial development of Sao Tome and Principe in the post-epidemic era as an example, and introduced in detail the national characteristics of Sao Tome and Principe, the composition of the financial system, the guidelines and monetary policy in 2021 and the outlook for 2022.

Vice President He Ying concluded the forum by pointing out that the distinguished guests presented the opportunities and challenges of financial development in the post-epidemic era from different perspectives.In the context of the epidemic, the economic development of all countries in the world has encountered unprecedented obstacles and difficulties, but we cannot lose confidence. She hopes that through the exchanges and discussion between the Chinese experts and the participants of the forum, and by learning from the successful practice of China, the cooperation and exploration between China and the Portuguese-speaking countries in the field of financial development in the post-epidemic era will be promoted, so as to realize the vision of “a better tomorrow for a better world together”.

Written by: Liu Liu

Photos by: Liu Liu

Reviewed by: Chen Wei