Forum on‘Sustainable Financial Development’held with Success
On the evening of October 21st, Beijing time, forum on ‘Sustainable Financial Development’ hosted by our school held with success. The forum was conducted both online and offline, presided by He Ying，the Vice President . Sun Yi, COO of Everbright Securities Hong Kong, Xiao Benhua, member of Heying Studio of Decision Consulting Research Base of Shanghai Municipal Government, and Victor Zimba, Finance Director of Zambia Financial Intelligence Center, made keynote speeches. Chen Wei, Vice President of our school, and other 70 officials attending ‘Ministerial Seminar on Financial Strategy for Developing Countries’ participated in the forum. The officials came from 11 countries–the Bahamas, Bangladesh, Botswana, Ghana, Zimbabwe, Zambia, Venezuela, Uzbekistan, Armenia, Nigeria and Sierra Leone.
（Photo of Forum site）
Focusing on “Green Finance”, Sun Yi comprehensively analyzed the green finance policy and the opportunities for sustainable development of Hong Kong, the overview of the green finance development in Hong Kong and the investment strategy of green financial products. He said that as the severity of the climate and environmental crisis increases, green finance programme takes an integral part in assisting enterprises to promote sustainable development, In recent years, green finance has developed rapidly on a global scale, governments and enterprises are paying more attention to low-carbon and environmental-friendly projects. This has led to the development of the green financial market, especially the rapid increase in green bonds circulation, which will surely become one of the mainstream trends in future financial development.
（Photo of Sun Yi giving keynote speech）
With the theme of “the practice of green finance in Shanghai”, Xiao Benhua introduced the major practice of green finance in Shanghai in recent years, and pictured the grand goal of green finance development in Shanghai during the 14tth five-year plan period. He believes that Shanghai will cling to the main line of serving the “dual-carbon”target, promote and guide social capital to gradually flow from traditional high-energy-consuming and high-polluting industries to low-carbon industries, focusing on key fields such as transportation, energy and consumption, enriching participants, strengthening product innovation, keeping safety as the bottom line, giving full play to key advantages, accelerating the introduction and cultivation of a number of professional organizations, as well as the investment and financing functions of the National Green Fund, and striving to build a world-class green financial center.
（Photo of Xiao Benhua giving keynote speech）
Based on Zambia’s basic economic conditions and financing methods, Mr. Victor Zimba objectively analyzed the challenges that Zambia faces in green finance. He said that finance is the blood of national development and witnessed a rapid development in recent years, He extended his thanks to the organizers for their tremendous efforts for this forum. China’s practical development experience is of great significance to all the other developing countries that are also subject to poverty. He hoped that developing countries could establish partnerships on the basis of mutual respect to achieve mutual benefit in green financial cooperation.
（Photo of Seminar officials attending meeting online）
Vice President He Ying made a concluding speech. She pointed out that the forum had achieved remarkable results and further clarified the core concept of green finance, the policies of various countries and regions on green financial products in terms of environment, climate and biodiversity were analyzed in detail, and the practical experiences of Hong Kong, Shanghai and Zambia were shared from various angles. Meanwhile, the future trends of how to develop green finance to support sustainable development were also prospected. She hoped that the forum would serve as a starting point to further expand communication and exchanges between China and other developing countries in the field of sustainable financial development, and to ultimately achieve sustainable global financial development.
With an active atmosphere and frequent exchange, the forum guests also had in-depth discussions on topics such as specific measures to promote economic recovery in the post-epidemic era, investment in infrastructure and how to deal with inflation.
Written by Guan Rui
Photographed by Hong Xingzhi
Reviewed by Chen Wei