2016年1月27日至28日，二十国集团智库会议“T20前海国际金融论坛”在深圳召开。此次论坛以“全球金融治理与创新”为主题，100余名来自世界各国的政府官员、智库负责人、知名专家共同探讨G20相关议题。广东省委副书记、深圳市委书记马兴瑞出席论坛开幕式并致辞。

　　此次论坛由深圳市人民政府和中国社会科学院世界经济与政治研究所、上海国际问题研究院、中国人民大学重阳金融学院、英国皇家国际事务研究所共同举办，旨在搭建共商金融创新、共谋互惠发展的沟通平台，更广泛地凝聚各方智慧，更好地为促进G20发展建言献策。

　　深圳市委书记马兴瑞，中国社会科学院世界经济与政治研究所所长张宇燕，国际关系和可持续发展中心主席、第67届联合国大会主席Vuk.Jeremic出席开幕式。深圳市市长许勤主持开幕式。亚洲开发银行副行长张文才，欧洲复兴开发银行国别与区域执行总裁Mattia Romani，美国彼特森国际经济研究所所长Adam Posen，东盟与中日韩宏观经济研究办公室（ AMRO）主任Yoichi Nemoto，中国社科院学部委员余永定，北京大学国家发展研究院副院长、央行货币政策委员会委员黄益平，英国皇家国际事务研究院国际经济研究部主任Paola Subacchi等参与会议议题讨论。

　　马兴瑞书记表示，T20是重要的国际会议，也是全球智库贡献思想最重要的平台。这次论坛聚焦全球金融创新的主题，将是一场思想盛宴，将为深圳金融业发展提供重要的启迪与指导，也为深圳的金融业国际化提供了有意义的指导。

　　中国社会科学院世界经济与政治研究所所长张宇燕在致辞中指出，当前的世界经济充满了挑战和不确定性。中国在今天的世界中发挥了不可或缺的作用，在刚刚举行的达沃斯的世界经济论坛上，中国也成为了各国学者、政要关注的一个焦点。这次会议选择在深圳召开的主要原因之一，是让大家认识深圳，通过了解深圳，来理解中国未来的发展。

　　国际关系和可持续发展中心主席、第67届联合国大会主席Vuk.Jeremic表示，全球经济出现了越来越多的不确定性，要解决世界的问题，需要我们有双赢的思路。就像中国提出一带一路的畅想，一旦顺利的实施，会从根本上改变21世纪经济全球化的态势。要解决世界的问题，还意味着我们要客观公正的去评价现有国际金融体系和世界性的开发银行，要使各个国际组织和机构之间有更多的合作，包括与新成立的像亚投行这样的机构合作。

　　本次T20会议重点讨论了如何建立更加稳健、公正、合理的国际金融体系，以及如何通过金融创新来推动经济的持续发展。与会各国专家分别围绕“国际货币体系现状与改革”、“多边开发性金融机构的发展与合作”、“中国的金融改革与自贸区实践”、“金融发展与创新经济”等议题展开探讨。

 

　　议程如下：

 

Global Financial Governance and Innovation

T20 International Financial Forum

 

27- 28 January2016

 

Wu Zhou Guest House Shenzhen,

 

No.6001 Shennan Road, Futian District,Guangdong, 518034, China

 

Agenda

 

Overview

 

In the four years since the establishment of the Think-20 (T20), the group has been generating ideas and proposals for the G20 to consider, and to support cooperation among member states. Given increasing interdependency and complexity in the global economy, the T20 is designed to be a permanent forum and repository for ideas and initiatives for the G20, providing further continuity between Presidencies.

 

This year’s T20 forum will focus on the current state of global economic governance, and on whether it provides a solid base for sustainable global growth. In the first part of the forum participants will discuss the design and functioning of the international monetary system, and its key bodies: the International Financial Institutions (IFIs), including the IMF, World Bank, the WTO and the regional development banks. It will examine whether the system is starting to fragment, and if so what might be done to reverse the trend. The second part of the forum will centre on the new responsibilities and challenges facing the IFIs and financial markets, and examine possible means of strengthening global cooperation.

 

The forum is hosted by the Institute of World Economics and Politics, Chinese Academy of Social Sciences (IWEP-CASS), Chongyang Institute for Financial Studies, Renmin University of China (RDCY), Shanghai Institute for International Studies (SIIS), in collaboration with Qianhai Shenzhen-Hong Kong service industry cooperation zone of Shenzhen and the Royal Institute of International Affairs, Chatham House.

 

Wednesday 27 January

 

08:30-09:00 Registration

 

09:00-09:35     Opening ceremony（5min/person）

 

Chair:

 

XU Qin, Mayor of Shenzhen City

 

Welcome speeches:

 

MA Xingrui, Party Secretary of Shenzhen City

 

ZHANG Yuyan, Director, Institute of World Economics and Politics, Chinese Academy of Social Sciences

 

Speaker:

 

Vuk Jeremi?, President of the Center for International Relations and Sustainable Development (CIRSD); President of the 67th session of the UN General Assembly

 

09:35-12:00 Session 1: The State of the International Monetary System and Its Reform（7min/person）

 

The 2008 financial crisis brought into sharp relief some systemic problems with the IMS in an increasingly internationalized financial system. Global imbalances, distorted exchange rates, and large and unpredictable capital flows have been in evidence since the crisis began. Increasing global economic interdependency has also increased the need for cross-border monitoring, and greater pressure has been placed on financial safety nets and mechanisms to help countries in crisis. Meanwhile, the governance of the IFIs, especially the IMF, has not kept pace with changes in the global economy. This session will address a number of issues including:

 

· How has  the  2008 financial  crisis and  the rise  of  emerging markets changed the global economic system?

· What  changes  are  needed  to  the  governance  of  the  IMS  to respond to these changes?

· How can reforms to the system be best achieved?

 

Speakers:

 

Yoichi  Nemoto,  Director,  ASEAN+3  Macroeconomic  Research Office (AMRO)

 

Paola Subacchi, Research Director, International Economics Department; Chatham House

 

Adam Posen, President of the Peterson Institute for International Economics

 

YU Yongding, Academician and Senior Fellow, Chinese Academy of Social Sciences

 

Rakesh Mohan, Senior Fellow, Jackson Institute for Global Affairs, Yale University; Distinguished Fellow, Brookings India

Sergey Drobyshevsky, Managing Director of Russia’s G20 Expert Council and Academic Director of Gaidar Institute for Economic Policy

 

Christophe Destais, Deputy Director, CEPII, Paris – France

 

Chair

 

GAO Haihong, Director, Research Center for International Finance, Institute of World Economics and Politics, Chinese Academy of Social Sciences

 

10:30-10:45 Break

 

Discussion

 

Leading Discussant:

 

PAN Yingli, Professor, Director of Research Center for Global Finance, Shanghai Jiaotong University

 

Alex He, Research Fellow, The Centre for International Governance Innovation (CIGI)

 

Tristram Sainsbury, Research Fellow, G20 Studies Center, Lowy Institute for International Policy

 

12:00-14:00 Lunch

 

14:00-16:30 Session 2: Governance and Reform of Multilateral Development Banks（7min/person）

 

All MDBs are facing new challenges to their remits to promote development and boost global growth. But reforms to their governance structures have stalled, leading to questions regarding their accountability and transparency. The creation of new institutions, including the Asian Infrastructure and Investment Bank (AIIB), has also changed the equation. This session will examine these developments, and consider their implications for MDBs’ ability to address global challenges:

 

· Do   the   new   institutions   fill   a   gap   in   the   development architecture? Are they sufficiently accountable and transparent?

· How should the existing MDBs, especially the World Bank, respond to these new institutions?

· Will continued globalization lead to increased cooperation between MDBs, or to fragmentation of global economic governance?

 

Speakers:

 

ZHANG Wencai, Vice President of the Asian Development Bank

 

Mattia Romani, Managing Director for Country and Sector Economics, European Bank for Reconstruction and Development

Michael Callaghan, Non-resident Fellow, Lowy Institute for International Policy

 

QIAO Yide, Vice Chairman and Secretary General, Shanghai Development Research Foundation

 

ZHANG Liqing, Professor, Dean, School of Finance, Central University of Finance and Economics

 

Renato Baumann, Director of Studies on Economic and International Policy Relations at the Institute of Applied Economic Research (IPEA) 

 

Chair:

 

XIA Le, Chief Economist for Asia, Banco Bilbao Vizcaya Argentaria (BBVA)

 

Discussion

 

Leading Discussant:

 

GUAN Xueling, Party Secretary and Deputy Dean, School of Economics, Renmin University of China

 

Peter Wolff, Head of Department, World Economy and Development Finance, German Development Institute

 

Akshay Mathur, Head of Research, Gateway House （Indian Council on Global Relations）

 

Miguel Otero-Iglesias, Senior Analyst at Elcano Royal Institute, Madrid, Spain

 

16:30-16:45 Break

 

 16:45-18:30    Session 3: Financial Reform in China and FTZ in Practice（7min/person）

 

As part of the efforts to quicken the pace of China’s multi-faceted financial reform, China (Guangdong) Pilot Free Trade Zone (GDFTZ) was officially launched on 21 April 2015. Its objective is to further open up the mainland to the world through in-depth co-operation between Guangdong, Hong Kong and Macau, and to streamline foreign investment management by such ways as implementing the negative list and record filing system. This session will examine the progress and results of FTZ, issues below will be discussed:

 

· What are the major concessions granted to the FTZ? How are these concessions benefiting cross-border financial businesses so far?

· What are the existing challenges faced by the FTZ? How should the policy makers and the management respond to these challenges?

· Looking ahead, what aspects of financial development will Qianhai focus its work on in the long/short term?

· From an outsider perspective, what are the potential risks that the FTZ should stay alert to in its continuous efforts to accelerate financial reform?

 

Keynote Speech: Financial Innovation and development in Qianhai

 

Speaker:

 

XU Anliang, Vice mayor of Shenzhen City

 

Discussants:

 

ZHENG Jianrong, Director of Trade Office, Guangdong Province

 

HE Xiaojun, Director, Financial Services Office, Shenzhen Municipal Government

 

XIE Zhichun, Deputy Director of Advisory Committee on Qianhai-Shekou Pilot Free Trade zone; Former Deputy General Manager, China Investment Co., Ltd.; Former Managing Director and General Manager, Huijin Investment Co., Ltd.

 

LI Qiang, Board Chairman, Qianhai Financial Holdings. Co., Ltd.

 

LIN Fan, Deputy general manager of the Shenzhen Stock Exchange

 

Heungchong Kim, Senior Research Fellow, Former Vice President, Korea Institute for International Economic Policy (KIEP)

 

Chair:

 

HE Zijun, Deputy Director General, Qianhai Authority

 

19:00-20:30 Cocktail Party “Evening in Qianhai”

 

Hosts:

 

DU Peng, Member of Party Leadership Group, CPC Shenzhen; Director General, Qianhai Authority

 

ZHANG Yuyan, Director, Institute of World Economics and Politics, Chinese Academy of Social Sciences

 

Thursday 28 January

 

09:00-11:15 Session 4: Financial Innovation and Innovative Economy（7min/person）

 

An efficient financial market with financial innovations meeting the demand of the real economy will be of vital importance to boosting the potentials of the global economic growth. The shadow banking system, new forms of financing deploying the new internet technology, inclusive finance and etc. are all very important aspects in the financial system, with their impact on the real economy and financial stability to be further examined. On the other hand, in an increasingly interdependent global financial market with rapidly developing financial innovations, financial regulations must be adapted to be more forward-looking and globally coherent, in order to prevent local financial risks from developing into a global crisis. The session will examine the issues arising against this background, including:

 

· How will the new forms of financing, for example the internet finance, affect the financial system and real economy?

· How will financial inclusiveness affect economic growth and financial stability?

· What can we draw from the experiences in regulating the shadow banking sector worldwide?

· What are the characteristics of a good  financial  regulatory framework that can effectively spot and resolve systemic risks?

· What are the most needed aspects in global cooperation in terms of financial regulation?

 

Speakers:

 

HUANG Yiping, Vice dean of National School of Development of Peking University; The Member of Monetary Policy Committee of the People’s Bank of China

 

Salmaan Jaffery, Chief Business Development Officer, Dubai International Financial Center Authority

 

Nicolas Veron, Senior Fellow, Bruegel; Visiting Fellow, Peterson Institute for International Economics

 

HE Liping，Professor, Beijing Normal University

 

Annie Zhang, President of Treasury Management Department, Huawei

 

Naoyuki Yoshino, Dean, ADBI (Video)

 

Chair:

 

Tamim Bayoumi, Senior Fellow, Peterson Institute for International Economics

 

Discussion

 

Leading Discussant:

 

Yuksel Gormez, Senior Economist, Central Bank of Turkey

 

Jorge Ramírez, Project Manager at CIDAC (Centro de Investigación para el Desarrollo A.C.)

 

Phyllis Papadavid, Research Fellow, Team Leader, International Macroeconomics, Overseas Development Institute.

 

DING Jianping, Vice president, Research Institute of Shanghai international financial center, Director of modern financial research center, Shanghai University of Finance and Economics

 

11:15-11:30 Break

 

11:30-12:00 Closing Ceremony（6min/person）

 

Mario Baldassarri, Former vice-minister of Economy and Finance; President of Economia Reale, Center for Studies on Real Economy

 

MA Weihua, Member of the National Committee of CPPCC; former President, China Merchant Bank

 

WANG Wen, Executive Dean of Chongyang Institute for Financial Studies, Renmin University of China

 

XIAO Wunan, Executive Vice Chairman, Asia Pacific Exchange and Cooperation Foundation

 

ZHANG Yuyan, Director, Institute of World Economics and Politics, Chinese Academy of Social Sciences

 

Chair:

 

DU Peng, Member of Party Leadership Group, CPC Shenzhen; Director General, Qianhai Authority

 

12:00-14:00 Lunch

 

14:00-16:30 Think-tank round-table meeting (Invited only)

 

Discussing next steps and potential future collaborations

 

16:30-18:00 Visiting China (Guangdong) Pilot Free Trade Zone, Qianhai & Shekou Area of Shenzhen