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Time:2020-05-18 Reads:

“Financial Literacy Assisting Modernization of Governance” and book launch of "Financial Literacy: A Compulsory Course For Leading Cadres" held online in Beijing

 

How can finance serve the real economy better? Is the core and essence of Fintech finance or technology? Is DC/EP just Digitization of legal tender? How can local governments guard against financial risks……

 

On May 16, 2020, the online book launch of "Financial Literacy Assisting Modernization Of Governance" and "Financial Literacy - A Compulsory Course For Leading Cadres " was hosted jointly by Tsinghua University and People's Daily Press, which was held in Beijing as one of the sub forums of 2020 Tsinghua PBCSF global financial forum. Well-known experts and scholars from the financial field conducted extensive and in-depth discussions on relevant topics, providing suggestions for the financial development of China.

 

Chair Professor and Executive Associate Dean of PBCSF of Tsinghua LIAO Li, President of People's Daily Press LIU Huaxin, President of National Internet Finance Association of China (NIFA)LI Dongrong, General Manager of Zhongbao Insurance Asset Registration and Exchange Co., Ltd. YUAN Pinghai, Deputy Dean of National School of Development of Peking University HUANG Yiping, Vice President of JD.com SHEN Jianguang participated in this conference.

 

LI Dongrong delivered a keynote speech on "Improving Digital Financial Literacy of Consumers." He said that the COVID-19 epidemic had arisen so suddenly, pressing the fast forward key of the digital transformation of economy and finance, so that the urgency and importance of improving consumers' digital financial literacy were more prominent.

 

With the title of "making full use of advantages of insurance funds in serving the real economy", YUAN Pinghai put forward that from a new historical starting point, insurance funds must bear in mind that the original intention of the financial and insurance industry is serving people and it is important for us to provide cross cycle stable funds for infrastructure construction and public service improvement by precise and structural policies.

 

Focusing on "Financial Support for Private Enterprises," HUANG Yiping made a retrospective analysis on the problem of "difficult and expensive financing for private enterprises." He proposed that the most urgent task of financial reform should be to open up the channels between macro money and micro-financing, and he made an in-depth analysis of specific solutions from three aspects, namely, "interest rate marketization reform", "building a diversified financial system for private enterprises" and "regulating the informal financial sector."

 

Focusing on "digital technology driving high-quality development of finance", SHEN Jianguang made a wonderful discussion. He believed that "digital economic form with data as the key factor of production " has become “the engine of global growth and technological innovation in the era of post -international financial crisis. "

 

In March 2020, "Financial Literacy - A Compulsory Course For Leading Cadres" was officially published by People's Daily Press. The book consists of  17 articles written by 18 senior leaders and famous experts in financial field, such as Chair Professor and Executive Associate Dean of PBCSF of Tsinghua LIAO Li, President of National Internet Finance Association of China LI Dongrong, General Manager of Zhongbao Insurance Asset Registration and Exchange Co., Ltd. YUAN Pinghai, Deputy Dean of National School of Development of Peking University HUANG Yiping, Vice President of JD.com SHEN Jianguang and so on, and  it has focused on the structural reform of supply-side in the financial sector, explaining and interpreting topics such as the relationship between finance and real economy, fintech, regional and local financial development, insurance and social security, and new economic forms from multiple perspectives systematically in detail.