On November 10, the Annual Conference of Financial Street Forum 2023 came to an end in Beijing. Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and Vice Chairman of the 12th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), attended the closing ceremony. Yin Yong, Deputy Secretary of the CPC Beijing Municipal Committee and Mayor of Beijing, addressed and declared the conclusion of the annual conference.

Yin said the Conference has fully implemented the guiding principles of the central financial work conference and adhered to the requirement that the financial sector should provide high-quality services for socio-economic development. Over 400 heavyweights from 30 countries and regions were invited to exchange ideas, share experiences, and draw up blueprints for cooperation with a focus on pertinent, long-standing and trending issues of financial sector development. This not only provided invaluable insights and useful references for the world’s financial sectors to work together for win-win results, but also catalyzed the commercialization of many advances. As the national financial management center, Beijing has always given priority to the high-quality development of the financial sector. Based on the results of the Conference, we will steadily promote the high-level opening up and cooperation of the financial sector, expedite the building of a modern financial system with Beijing characteristics, and contribute to China’s efforts to become a financial powerhouse. We will strengthen the role as the national financial management center at a higher standard, closely align with the needs of the country’s financial management departments, and serve the development of domestic and foreign financial institutions in Beijing. We will plan the open development of the financial sector with a broader vision, harness the opening up policies of the “two zones”, and carry out trials in financial market opening, cross-border capital flow, and investment and financing facilitation, so as to create a pacesetter for the two-way opening up of the financial sector. We will strive to make the financial sector better serve the real economy, accelerate the development of a sound multi-level capital market, and do a good job in the five areas of Techfin, green finance, inclusive finance, pension finance, and digital finance. We will also improve the multi-tiered risk control system, see that local governments fulfill their responsibilities in controlling financial risks, and prevent and defuse risks in key areas, thus ensuring financial security and stability in Beijing.

At the high-level dialogue session, Zhou had dialogues with Christian Noyer, Former Governor of the Bank of France and Member of the Board of Directors of BNP Paribas, and Masaaki Shirakawa, Former Governor of the Bank of Japan and Distinguished Guest Professor at Aoyama-Gakuin University.

Jin Wei, Member of the Standing Committee of the CPC Beijing Municipal Committee and Vice Mayor of Beijing, and Mu Peng, Secretary General of the People’s Government of Beijing Municipality, attended the event.