43 Foreign Financial Institutions Determined to Participate in the Financial Services Thematic Exhibition

Source:    |      Date:2020-08-22

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  People's Daily Client-Beijing Channel Wang Haonan 2020-08-09 11:45 Views 29,000

  The media briefing on the Financial Services Thematic Exhibition of the 2020 China International Fair for Trade in Services ("CIFTIS") held on August 9 released that, by now, more than 100 foreign and domestic financial institutions have determined to participate in online and offline exhibitions and displays. This exhibition gathers 43 international financial institutions, including Morgan Stanley, UBS, Deutsche Bank, Daiwa Securities, Goldman Sachs, and Oaktree Capital, from 18 countries and regions such as the USA, Germany, France, the UK, Switzerland, Japan, Belgium, and the UAE, and international institutions will account for over 60% of the total exhibitors in the comprehensive exhibition area of the Financial Services Thematic Exhibition.

  According to Huo Xuewen, Secretary of Party Leadership Group and Director-General of Beijing Local Financial Supervision and Administration, the Beijing International Finance Expo, founded in 2005, will be incorporated into the 2020 CIFTIS as the Financial Services Thematic Exhibition. As one of the eight thematic exhibitions of the 2020 CIFTIS, the Financial Services Thematic Exhibition will be held with the theme of "New Finance, New Opening, and New Development", exhibitions and displays, forums, and business negotiations will be organized in parallel. The total exhibition area of the Financial Services Thematic Exhibition is 6,555 m2, including a 555 m2 comprehensive exhibition area and a 6,000 m2 outdoor exhibition area. The thematic exhibition will highlight five themed exhibition areas: the National Financial Management Center exhibition area, the financial industry opening-up exhibition area, the financial industry’s support for global service trade exhibition area, the future finance and smart finance exhibition area, and the global wealth management exhibition area. High-tech means such as 3D, VR, AR, and 5G will be applied in the design of modern multimedia exhibition halls featuring smart technologies.

  Three major forums will be held during the exhibition, namely the 2020 China International Finance Forum, the 2020 Global PE Beijing Forum, and the FIN-TALK between Chinese and foreign financial institutions, to discuss the hot topics such as "Accelerating the Development of the National Financial Management Center in the New Era", "The Impact of the Global Economic Pattern on Institutional Investors", "Strengthening International Financial Cooperation and Expanding the Opening-up of the Financial Industry", "Wealth Management in the Economic Transition Period" and "Exploration and Innovation in the Digital Finance Era”. At present, more than 80 experts and scholars from the world's top financial institutions and investment institutions have determined to attend the forums. The China International Finance Forum has invited representatives from international financial organizations such as the World Bank and the International Monetary Fund, as well as representatives from more than 10 foreign institutions such as Barclays, JP Morgan Chase, Goldman Sachs, Societe Generale, Standard Chartered, and ERGO China. Economists Justin Lin, Li Yang, Yu Yongding and Peng Wensheng will also attend the forums.

  A news release platform of the Financial Services Thematic Exhibition will be launched. It will be an authoritative policy and information release platform to support regulatory agencies, financial institutions, and international organizations to centrally release the latest opening-up policies, research achievements, and annual reports. On the other hand, the Organizing Committee will further improve the level of financial services, organize the precise matchmaking for major financial cooperation projects, and effectively promote the finance sector to support the real economy.

  Huo Xuewen introduced that more than 100 domestic and foreign financial institutions will comprehensively set a new trend of global financial service trade and publicize the achievements of China's financial reform and opening up to better convey positive signals of further opening-up of China's financial industry to the world. "We will create opportunities for global financial institutions to cooperate and exchange with each other, and build a platform for international trade in financial services. At the same time, this Financial Services Thematic Exhibition will further implement the principle of inclusive finance to present a diversified and practical financial feast with an international perspective to audiences all over the world."

  Editor in Charge: Wang Haonan