On June 17, the Business Elite Forum sponsored by Shanghai University of Finance and Economics was held at Wisdom Building on the 369-campus. Associate Dean of COB, Professor Dai Guoqiang, chief economist at Bank of Communications, Mr. Lian Ping, chief macroeconomic analyst at SWS Research, Mr. Li Huiyong, and director of Orient Securities Research Institute, Mr. Liang Yufeng, attend the forum, and delivered excellent speeches about the risks and countermeasures of China's financial reform in the context of the marketization of interest rates.

 

Associate Dean of COB, Professor Dai Guoqiang

 

Associate Dean Mr. Dai Guoqiang hosted the forum and delivered the opening speech as the guest host. In his speech, he mentioned that the forum coincided with the tenth anniversary of the EMBA education in China as well as that of the EMBA education of Shanghai University of Finance and Economics. “More than 900 EMBA students graduated from our school have played substantial roles in China's economic, financial, cultural and educational sectors as well as in government agencies and have made remarkable achievements.” Later, against the background of the economic development and changes in China in the past decade, Professor Dai pointed out that in this crucial period of China's economic and social development, the financial management authorities of our country set out the requirements of speeding up the reform of market-oriented interest rates. “The experience of interest rate marketization in our countries tells us that the progressive reform model is a rational choice that suits China's basic conditions of economics and finance. Such a reform is a progressive process”.

 

Chief Economist at Bank of Communications, Mr. Lian Ping

 

Chief Macroeconomic Analyst at SWS Research, Mr. Li Huiyong

 

Director of Orient Securities Research Institute, Mr. Liang Yufeng

 

At the end of the keynote speech, the honored guests expressed their respective views on how to minimize the possible risks arising from the reform of market-oriented interest rates, especially the current initiatives, such as, the Central Bank’s cut of interest rates, the 10% increase allowance for deposit interest rates, etc..

 

 

At the forum, guests also entered into full discussions and interactions on the impact of interest rate marketization on the Chinese economy as well as on the real estate market, and answered questions raised from white-collars. At the end of the event, audiences still felt reluctant to leave. “The speeches were excellent without any bureaucratic tones; their views were pragmatic and the analysis was substantial”.