On January 11th, the 29th (2025) China Capital Market Forum, themed "Financial Powerhouse and the Development of Capital Markets," took place at Renmin University of China(RUC).
During the opening ceremony, Zhang Donggang, Chair of the University Council, delivered the opening address, and Zhang Zhihe, the Chairman of Guorong Securities Co., Ltd., offered a welcome speech. The opening ceremony and the report release session were presided over by Zheng Xinye, the Vice President of RUC.
In his speech, Zhang Donggang, Chair of the University Council, stated that RUC continuously deepens scientific research, think-tank services, talent cultivation, and international cooperation in the high-quality development of finance, striving to provide support for the construction of a financial powerhouse. He also expressed his hope that all participants would join hands and make concerted efforts to serve high-quality development, contributing innovative ideas and practical strategies to promote the high-quality development of finance and assist in the construction of a strong nation.
Zhang Zhihe, the Chairman of Guorong Securities Co., Ltd., remarked that Guorong Securities will continue to optimize its business cycle in serving the real economy and adhere to compliant operations, contributing to the construction of a stable and vibrant capital market and the realization of economic development.
Wu Xiaqiu, the Dean of the National Finance Research Institute and the Capital Market Research Institute at RUC, released the report titled "Financial Powerhouse - The Path of China,"which explores the path of China in building a financial power, systematically analyzing the routes and methods for China to achieve the goal of becoming a financial powerhouse. The report also indicates that as long as China adheres to marketization, legalization, and internationalization, and emphasizes the sustainable growth of the economy and the enhancement of national soft power, it can achieve the goal of becoming a financial powerhouse.
During the keynote speech session, industry experts and scholars indicated that it is necessary to enhance the confidence in building a powerful capital market in China and to cultivate a group of large securities companies with international competitiveness as soon as possible; it is crucial to increase the autonomous financial resources of local governments and enhance their financial autonomy; and it is vital to strengthen the inherent stability mechanisms of the capital market and focus on improving the pricing efficiency of the capital market.
During the thematic speech and discussion session, industry representatives, consulting groups and scholars delivered speeches and engaged in discussions around the theme of "The Key Reforms of China's Capital Market" and "The Development Trends of China's Capital Market." They stated that to better build China's stock market, it is necessary to maintain continuous, stable, and consistent market expectations; and it is also essential to improve the overall shareholder return rate of listed companies and to continue to promote the reform and development of the capital market.
The forum was co-organized by the National Finance Research Institute at RUC and Guorong Securities Co., Ltd., and was undertaken by the China Capital Market Research Institute at RUC. It was specially supported by the School of Finance and the Chongyang Institute for Financial Studies at RUC. Representatives and experts from central government agencies, universities, research institutions, as well as guests from securities firms, fund management companies, listed companies, and media journalists gathered together to explore the practical path for China to transition from a financial powerhouse to a financial superpower, to investigate the construction of a modern financial system centered on the capital market, and to contribute to the realization of high-quality economic development.