SAIF Hosted Hangzhou Finance Forum

China’s real economy and financial service, while  coming to the critical stage in transformation and upgrade, are challenged with the harmonious common development. Against this background, on April 7, 2012, SAIF Hangzhou Finance Forum themed Financial Innovation in China - Explore Common Development of China’s Real Economy and Financial Service was held by Shanghai Advanced Institute of Finance (SAIF), undertaken by The Listed Company Association of Zhejiang Province and Harmonia Capital. There Forum gathered around 150 people, including top management from finance authorities, financial institutions and public companies in Zhejiang Province.

First, Prof. Chang Chun, Executive Director of SAIF, said in his speech that Zhejiang Province has attracted great attention for its active private finance. The financial reform implemented by the Chinese government, promoting the standardization and transparency of funds operation, is not only helpful to establish a diverse financial system, but also avoid the risks caused by lack of supervision. 

Mr. Bao Chuntian, Deputy Director of Financial Service Office at Zhejiang Provincial Government, echoed the "Four Difficult’" for Zhejiang businessmen: difficult to finance, difficult to invest, difficult to innovate, and difficult to profit. The difficulty in financing, the most serious one, calls for reforms in financial industry. 

In the following session, Prof. Wu Guojun, Deputy Director of SAIF, Director of SAIF Finance EMBA, hosted panel discussions on the opportunities and challenges private enterprises have encountered in economic transformation and financial reform, and how the financial industry in Zhejiang Province starts to open to private capital. 

During the Q&A session, panelists had heated discussions on a wide range of hot topics including 12 key tasks of comprehensive financial reform in Wenzhou, informal finance and corporate bonds.