Zhou Xiaochuan, president of China Society for Finance and Banking, honorary dean of Tsinghua PBCSF, pointed out the strong need to strengthen financial research to better win the combat against COVID-19. Recently, tremendous measures and policies have been taken by the government and central bank to assist SMEs and policy transmission mechanism has been improved. He emphasized in his speech the importance of research on how the financial sectors and institutions better respond to fiscal policies, the need to pay attention to the quality of financial assets and efficiency of financial market, the accuracy of policies on real economy, and the necessity of emergency response mechanism of financial institutions. During the combat, principles should be strictly set, scopes should be clearly defined and risks should be thoroughly considered for different types of financial institutions such as commercial banks, policy-oriented banks and development banks. Numerous studies and projects should be initiated related to the current economic and financial situations for better future.