The Annual Conference of Financial Street Forum 2025 opened Monday in Beijing, focusing on global financial development in an era of innovation, transformation and restructuring.
The four-day event brings together more than 400 guests from over 30 countries and regions, including representatives from China's central bank, international regulators and economic experts, for talks on global financial development and cooperation.
It is the first global financial gathering to be held in the Chinese capital after the fourth plenary session of the 20th Central Committee of the Communist Party of China (CPC).
The meeting will release a batch of financial policies focusing on the direction of financial reform and development during the 15th Five-Year Plan period (2026-2030). It will also unveil a number of important institutions and see the signing of a number of international cooperation memorandums.
"In the face of the complex and severe domestic and international situation, we have adhered to a supportive monetary policy stance under the principal guidance of Vice Premier He Lifeng, in accordance with the decisions and arrangements of the Central Committee. We have comprehensively utilized various monetary policy tools, including quantity, price and structure, to maintain ample liquidity. The leading macro-financial indicators reflecting financial operations also show the state of the moderately loose monetary policy," said Pan Gongsheng, governor of the People's Bank of China, the country's central bank.
"We will thoroughly study and understand the General Secretary's important speeches and the guiding principles of the fourth plenary session of the 20th CPC Central Committee, focus on the goals and tasks of economic and social development in the 15th Five-Year Plan period, unwaveringly follow the path of financial development with Chinese characteristics, and accelerate the building of a strong financial country," said Li Yunze, head of the National Financial Regulatory Administration.
The main topics of discussion include finance and artificial intelligence technology, green finance and cross-border investment.
One of the highlights of this year's forum is the participation of five overseas sub-venues, in cities including Abu Dhabi, Madrid and New York, with their focus on China's economic and financial cooperation with the Middle-East, Europe and beyond.
"We are gathering at a time of high global uncertainty against a backdrop of major and ongoing shifting trade, geopolitics and technology, including financial technology. Despite this uncertainty, global growth is holding up better than expected, yet it falls short of what is needed," said Kristalina Georgieva, managing director of the International Monetary Fund, via a video speech.
"Asia has become an increasingly central pillar of the global financial system. The region continues to account for more than half of global growth. While uncertainties have weighed on external demand and prompted some firms to delay investment, domestic conditions remain broadly resilient," said Pablo Hernández de Cos, general manager of the Bank for International Settlements, also online.
This year's CPC plenary communique emphasized China's economic resilience and technological self-reliance. Experts hope the Financial Street Forum will showcase China's willingness to further open up its economy, and expand economic collaboration.
Aunnual Conference of Financial Street Forum 2025 opens in Beijing
Aunnual Conference of Financial Street Forum 2025 opens in Beijing
