2020 Oujiang Financial Forum & Series of Activities for Financial Services to the Private Economywill be grandly held in Wenzhou from December 18 to 20, 2020.
A Financial Forum of Unprecedented High Standard
The 2020 Oujiang Financial Forum & Series of Activities for Financial Services to the Private Economy is hosted by the People’s Government of Wenzhou and organized by Shanghai Moneyweek Media Co., Ltd.The Oujiang Financial Forum, taking place at the Shangri-La Hotel on the afternoon of December 18, is a rarely seen high-standard economic forum in Wenzhou’s history and serves as the centerpiece of the series of events.Under the theme “New Landscape, New Tasks: A New Journey for Financial Services to the Development of the Private Economy”, the forum has invited several highly influential heavyweight guests in China’s financial sector, including Jiang Jianqing, Zhu Min and Li Yang.In the keynote speeches, the speakers will offer insights and proposals on how Wenzhou’s private economy can better play its role under the new development paradigm of dual domestic and international circulations, and how the financial industry can better support the development of the private economy in the full implementation of the central government’s “six priorities for stability” and “six areas of security” initiatives.
Two High-Value Roundtable Forums
In addition to keynote speeches by renowned experts, the Oujiang Financial Forum will hold two roundtable forums:Deepening Financial Reform to Boost the Transformation and Development of the Private Economy.
Financial Support for the Private Economy to Participate in the Integrated Development of the Yangtze River Delta. More than ten distinguished experts will participate, including:Mo Wangui, Deputy Director of the Financial Research Institute of the People’s Bank of China;Yao Yudong, Vice President and Chief Economist of Dacheng Fund Management Co., Ltd. and former Director of the Financial Research Institute of the People’s Bank of China;Ma Hong, former Deputy Director of the Shanghai Municipal Financial Services Office and Chairman of Zhongye Capital;Lian Ping, Chairman of the China Chief Economist Forum, Chief Economist of CITIC Trust and former Chief Economist of Bank of Communications;Wang Song, Vice Chairman and President of Guotai Junan Securities Co., Ltd.;Hu Ruyin, Member of the Strategic Advisory Committee for National Manufacturing Power Construction and former Chief Economist of the Shanghai Stock Exchange.The experts will discuss how Wenzhou’s financial industry, focusing on serving the private economy, can advance institutional innovation and support private enterprises and Wenzhou capital in integrating into the Yangtze River Delta integration.In particular, through cooperation with domestic and foreign financial institutions in Shanghai, efforts will be made to build a new highland for financial services to the private economy in the Yangtze River Delta in terms of financing, equity investment, industrial funds and capital markets, stimulate the vitality of Wenzhou private enterprises, and foster a distinctive and highly competitive industrial structure and market system in Wenzhou under the new dual-circulation development paradigm.
All-Round Integration of Shanghai-Wenzhou Financial Cooperation
In addition to the launching ceremony of Wenzhou’s comprehensive financial platform at the forum, another important highlight is the further deepening of financial cooperation between Shanghai, Wenzhou and other regions.On the afternoon of December 18, the Wenzhou Municipal Government will sign cooperation agreements with six institutions: the relevant bureau, the Shanghai Stock Exchange, the Head Office of Bank of Shanghai, Guotai Junan Securities Co., Ltd., the Shanghai Financial Federation and Zhejiang Branch of China CITIC Bank.The Wenzhou Municipal Financial Work Office will also sign agreements with three organizations: the Business School of Shanghai University of Finance and Economics, the China Institute of Finance at Shanghai Jiao Tong University, and Zhongye Capital.
These cover cooperation between local governments, as well as partnerships between universities, research institutions, financial enterprises and Wenzhou.Such all-round, multi-dimensional cooperation is of great significance for attracting private enterprises and Wenzhou capital to actively participate in the integrated development of the Yangtze River Delta, and promoting the connection of capital, industries, technologies and talents between Wenzhou and the Yangtze River Delta region.By deepening Shanghai-Wenzhou financial cooperation, Wenzhou will be closely integrated with Shanghai as an international financial center, undertake the extension of Shanghai’s financial industry and the spillover of high-end resources, build itself into a regional financial center at the southern gateway of the YangtzeRiver Delta, and accelerate the development of Wenzhou as a regional financial hub.
Impressive Retrospective Exhibition of Achievements of the Wenzhou Financial Reform Pilot Zone
Among the three-day series of activities for financial services to the private economy (December 18–20), the Retrospective Exhibition of Achievements of the Wenzhou Financial Reform Pilot Zone has attracted wide attention.Wenzhou was approved as China’s first comprehensive financial reform pilot zone in 2012, achieving a “pioneering breakthrough” from an “early risk onset”.It has taken the lead nationwide in launching dozens of projects replicated and promoted nationally or provincially, contributing the “Wenzhou Experience” and “Wenzhou Wisdom” to China’s financial reform.Through pictures, videos, data and documents, the exhibition reviews the development course and practices of Wenzhou’s financial reform and opening-up over the years, and outlines the blueprint for the next round of comprehensive financial reform in Wenzhou.
In March 2012, Wenzhou established the first local financial administration bureau in China.
On March 28, 2012, the 197th Executive Meeting of the State Council approved the establishment of China’s first comprehensive financial reform pilot zone — the Wenzhou Comprehensive Financial Reform Pilot Zone in Zhejiang Province.
In April 2012, Wenzhou Private Lending Registration Service Center was inaugurated, exploring the establishment of a filing and management system for private financing.
In January 2013, the Wenzhou Comprehensive Interest Rate Index for Private Financing (shortly known as the "Wenzhou Index") was officially released on a daily basis.
2020 Wenzhou Listed Enterprises Showcase Their Achievements
In the exhibition area for financial services to the private economy, the organizer has set up a special zone to showcase the 11 Wenzhou enterprises successfully listed in 2020.
In recent years, Wenzhou has fully implemented Zhejiang Province’s Phoenix Action Plan, taking enterprise listing as an important way to upgrade corporate development and drive economic transformation.
These newly listed Wenzhou enterprises have further enhanced the competitiveness of local leading enterprises with the support of the capital market, strongly promoted the economic transformation and upgrading of Wenzhou, and significantly revitalized the local economy.
The exhibition of listed enterprises vividly demonstrates the achievements of Wenzhou’s financial reform and development, exerts a business card effect of listed enterprises, and drives the overall development of the regional economy.
A Gathering of Financial Institutions with Brilliant Themed Lectures
The three-day series of activities for financial services to the private economy will be held at Wenzhou International Convention and Exhibition Center.Nearly 100 financial institutions from Wenzhou have participated, including:Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank,Bank of Communications, Shanghai Pudong Development Bank, Bank of Shanghai, Wenzhou Bank, Zheshang Bank,
China Life Insurance, Ping An Life, China Pacific Life Insurance, New China Life Insurance, Taikang Life Insurance,Shanghai Securities, ShenwanHongyuan, Galaxy Securities, Founder Securities,as well as microcredit companies, wealth management institutions, fintech enterprises, foreign exchange and gold institutions.These institutions will host dozens of special lectures on financial planning and wealth management.Senior experts will be invited to provide in-depth interpretations for enterprises and citizens on topics including:the new trends of China’s macro-economy in the post-pandemic era, the registration-based IPO system and enterprise listing,multi-tiered financing channels for small and micro enterprises, household wealth management and asset allocation,insurance planning, stock investment, real estate investment, overseas investment and overseas education,answering questions and offering guidance for the audience and investors.
Investment & Financing Matching to Boost the Transformation and Upgrading of Private Enterprises.
In the financial institution product and service area, the organizer has arranged face-to-face communication between local and domestic & overseas financial institutions, private enterprises, private investors and the general public.To meet the financing needs of small and medium-sized enterprises, a special consultation zone for investment and financing services, as well as dedicated roadshows for investment matching and financing matching, have been launched.Government departments and intermediary service institutions have set up on-site booths to provide consulting services for SMEs on industrial planning, industrial policies, investment and financing, investment promotion, park services, industrial funds and other areas.
The investment roadshow has selected targeted industrial enterprises and projects in Wenzhou and surrounding regions to match with 10 VC and PE institutions, including: DT Capital, Asia Merchant Investment, Feijun Capital, Zhongye Capital, Huihong Gongchuang,Kingjing Capital, Silicon Valley Wisdom, Zhipu Information, Tongyi Investment, and Xinjun Capital,for roadshows, evaluation, verification and investment intention confirmation, helping enterprises connect with the capital market.The financing roadshow focuses on financial services for the real economy, building a sound capital matching platform for financial institutions to serve enterprises.Adopting market-oriented approaches, it supports enterprises in debt financing and equity financing, strengthens industry-finance integration and investment-financing connection, eases the difficulties and high costs of financing for private and small & micro enterprises, and boosts their transformation and upgrading.