Source: CEN Published: 2024-05-21

SHENZHEN, May 20 (China Economic Net) - Focused on 'High-Quality Development and the Path of Financial Development with Chinese Characteristics,' the first Shenzhen Finance Forum and the launching ceremony of Shenzhen Finance lnstitute, Renmin University of China (RUC) were held in Shenzhen on May 19.

The event, organized by RUC, was jointly hosted by its Institute of Advanced Social Sciences (Shenzhen), School of Finance, National Academy of Financial Research, and Chongyang Institute for Financial Studies. During the ceremony, the Shenzhen Finance lnstitute, RUC was officially inaugurated.

According to the organizer, the newly established Shenzhen Finance lnstitute adheres to the principles of 'serving national strategies, local development, social needs, and academic construction.' It will fully leverage the advantages of the university's major financial disciplines and related fields, aiming to construct a modern financial system, serve the strategic goal of building a financially strong country, and excel in the fields of science and technology finance, green finance, inclusive finance, pension finance, and digital finance.

On top of that, the Institute is committed to building a highland for talent cultivation, scientific research, and innovation rooted in Shenzhen, serving the Guangdong-Hong Kong-Macao Greater Bay Area and the world. It aims to contribute 'Chinese examples' and 'Chinese solutions' to the global development of financial disciplines.

Finance stands as one of the pillar industries of Shenzhen's economic ascent, playing a pivotal role in its growth trajectory. Official statistics reveal that the value-added in the financial industry reached an impressive 473.9 billion yuan last year, constituting a substantial 15.4 percent of the city's gross domestic product.