On the afternoon of August 22nd, 2022, a forum on the project for amending the "Regulations on Promoting the Construction of Shanghai as an International Financial Center (Regulations)" was held at SAIF. Leaders and scholars attending the forum included: Zhuoqing Jiang (Director of the Standing Committee of the Shanghai Municipal People's Congress), Guiyu Xiao (Deputy Director of the Standing Committee of the Shanghai Municipal People's Congress), Guangshao Tu (Member of the CPPCC, Executive Director of the SAIF Board), and KuiLing Ding (Academician of the Chinese Academy of Sciences, Executive Vice President of SJTU).
In the beginning, Guangshao Tu mentioned that SAIF was established in 2009 by SJTU to realize the national strategy of building Shanghai as an International Financial Center. In the past thirteen years of rapid development, SAIF gradually gathered together a group of international first-class faculty and designed outstanding curriculum programs. In the future, SAIF will continue to strive for international excellence in talent training, faculty strength and digitalization, while building SAIF Think Tank to serve the construction of Shanghai International Financial Center.
Regarding the revision of the Regulations, Guangshao Tu said that the proposed draft met the latest needs of national financial development and strengthened financial support for the real economy —especially science and technology innovation, digital economy, and green development. He also suggested that the Regulations should pay attention to digital finance and financial technology, and should refine the business environment for the financial center.
Guiyu Xiao also stressed the importance of external expert opinions. Liu Dai (Member of the Shanghai Financial and Economic Affairs Committee) put forward four "new" matters, namely: new objectives, new requirements, new expectations, and new guarantees. Dong Xie (Director of the Shanghai Municipal Financial Regulatory Bureau) exchanged his views on the progress of the revision of the Regulations, and solicited opinions on specific regulations. Professor Feng Li (Professor of Accounting, Associate Director of CAFR, Co-Director of SAIFR) reported on the suggestions of the revision of the Regulations and other experts also shared their opinions during the discussion session.
Afterwards, Zhuoqing Jiang made a concluding speech. He appreciated the development achievements made by SAIF over the past ten years and recognized SAIF Think Tank construction in the development of Shanghai as an International Financial Center. He hoped that through this revision of the Regulations, the SAIF Think Tank would continue to offer pragmatic strategies on the practical issues faced in the deepening of reforms and the opening up of the economic and financial fields.
