To commemorate the 40th anniversary of the Treaty of Peace and Friendship between Japan and the People's Republic of China, the China-Japan Finance Forum was held in Beijing on June 2, 2018. The forum was hosted by Tsinghua PBC School of Finance (PBCSF) and JCD Co., Ltd.，which is a Japanese corporation focused on strategic investment in Japanese, Chinese, and Southeast Asian corporations.
Yin Yong, Deputy Mayor of Beijing, Yang Bin, Vice President of Tsinghua University, and Liao Li, Executive Associate Dean of Tsinghua PBCSF attended the ceremony.
Toshihide Endo, Director-General of the Supervisory Bureau of Japan’s Financial Services Agency (FSA), Jiang Bo, Committee Member of the Strategic Advisory Committee of Tsinghua PBCSF, and Qi Bin, Executive Vice President of China Investment Corporation, delivered keynote presentations on Japan’s current financial supervision system and the future of Sino-Japanese financial cooperation. .
In his speech, Yin Yong reviewed China’s tremendous changes brought by the reform and opening-up over the past four decades. With respect to the recent financial liberalization measures introduced by the government, he elaborated on the foundational framework of China’s financial opening-up and welcomed Japanese financial institutions and enterprises to expand their business to China.
“Japan is willing to take part in China’s reform and opening-up”, Toshihide Endo said in his speech. After introducing Japan’s current regulatory system and the latest measures in financial technology supervision, Endo expressed his hope for promoting bilateral financial cooperation with China.
In his keynote presentation, Jiang Bo introduced three key areas for further opening-up the banking and insurance industries: easing foreign investment restrictions and requirements for establishing branches in China; expanding the business scope and adjusting the operational requirements for foreign financial institutions; and optimizing the regulatory rules for foreign financial institutions
Qi Bin illustrated the potential business opportunities in the cooperation among Chinese and Japanese industries. Qi Bin said that although 8% of Japan’s foreign investment is invested in the Chinese market, only 0.3% of China’s foreign investment is invested in Japan. Changing this situation will enable a win-win outcome for the two countries.
After the keynote presentations, experts from the Chinese and Japanese financial industry joined a panel discussion on “mutual learning and shared development”, during which they shared thoughts on topics of risk prevention, development and cooperation between China and Japan.