SAIF Professor Talks about China’s Financial Reform & Private Finance

On March 28, 2012, The State Council of the People’s Republic of China has approved plans to set up a pilot zone in Wenzhou to regulate private financing activities, which is of pioneering significance for China’s future financial industry. 

Against this background, on April 16, 2012, a SAIF Open Class themed China’s Financial Reform and Private Finance was launched by Prof. Wu Guojun, Deputy Director of SAIF, Director of SAIF Finance EMBA. The open class gathered around 70 guests from business community, financial and media industry.

First, Prof. Wu compared china’s economy reform with that of some advanced economies including United States, Europe, Japan as well as South Korea in terms of economic environment, financial service and the latest policies, thus stressing the importance of reforms in China’s economy financial industry to China’s future economic growth. Prof. Wu, in the following session, analyzed the 12 financial reform policies in Wenzhou in terms of its effect, the key factors for its successful implement and its regulatory measures.

During Q&A session, Prof. Wu had heated discussions on a wide range of hot topics including standardizing private capital, regulating housing prices and foreign exchange policies with the audience. In particular, both Prof. Wu and the audience were fairly concerned about the rupture of capital chain and businessmen’s fleeing bad debts. 

The lecture was well received by the audience. After the lecture, some audience still lingered in the lecture room to discuss hot financial issues.