Zhang Xiaohui, Dean of Tsinghua University PBC School of Finance speaks at the Forum. (Photo provided to People’s Daily)

Joined by governors and leaders from banking, finance, insurance, regulation and industry, the 2020 Tsinghua PBCSF Global Finance Forum kicked off on Saturday, marking the sixth year of the forum.

Theming on “Joining Forces in Finance to Overcome the Epidemic”, the 2020 Forum is specially hosted and broadcasted live online.

Qiu Yong, president of Tsinghua University and Member of the Chinese Academy of Sciences, addressed the opening ceremony. He said that the forum is carrying out in-depth discussions on the important economic and financial issues, adding to the healthy development of the global economy and high quality development of China’s financial industry.

Zhang Xiaohui, the dean of Tsinghua University PBC School of Finance, also made the opening speech. She expressed that reform and opening-up is the core motive for economic development, and the motivation for China’s financial development. The finance to overcome the epidemic in China is never simply stimulation, but to seize the opportunity to reform and opening-up, combing through market relations, constructing to introduce a vibrant financial market to the world. With the deepening of financial supply side reform, the resilience of China’s financial system is increasing, which brings strong support to a double win of overcoming the epidemic and economic and social development, providing and sharing the “China experience” with the world.

In the following keynote speeches, Zhou Xiaochuan, president of China Society for Finance and Banking and honorary dean of Tsinghua PBCSF; Xiao Gang, member of the National Committee of the Chinese People’s Political Consultative Conference, and former chairman of China Security Regulatory Commission; Zhu Min, chair of NIFR and former deputy managing director of IMF, shared their insights on “ the impact of the COVID-19 pandemic on the global and Chinese economy”.

There are no boundaries in fighting the epidemic, the forum also connects to overseas guests including Michael Spence, Nobel laureate in economics 2001, and Eric Maskin, Nobel laureate in economics 2007, for their understanding and judgement of the global and China’s economic and financial development.