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Lujiazui Forum opens in Shanghai

Updated: 2016-06-14

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The 2016 Lujiazui Forum, themed "Global Economic Growth Challenge and Financial Reform", opened in Shanghai on June 12.

The two-day event attracted some 400 Chinese and foreign government leaders, finance authorities, company bosses from financial institutions, and scholars from universities and research institutes. The attendees discussed some of China's biggest issues, including supply-side reform, insurance reform, global economic growth prospects, opening up the country's finance sector, Internet finance innovation, risk control, green finance, and inclusive finance.

Many leaders emphasized the significant role of the forum at the opening ceremony.

Xiang Junbo, chairman of China Insurance Regulatory Commission, said that this year's talks will contribute to China's financial reform and global economic growth as well as help Shanghai reach its goal of becoming an international financial center.

Yang Xiong, mayor of Shanghai, said that the forum is a window for the city to learn from international experience and enhance financial exchanges with other countries and areas around the world.

This annual event started in 2008 as a joint effort of the Shanghai municipal government, the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission, to open a window on the world and to let it better understand China's economy and financial progress.