China News Service, Hong Kong, January 24 (Reporter Dai Xiaolu) The 17th Asian Financial Forum will be held at the Hong Kong Convention and Exhibition Center for two consecutive days starting from the 24th.
Li Yunze, director of the State Administration of Financial Supervision, attended the meeting and delivered a speech, saying that although economic development this year will face some difficulties and challenges, overall the favorable conditions are still stronger than the unfavorable factors. The mainland's economy will be good in the long term, the structure will continue to be optimized and improved, and high-quality development will be achieved. The situation will not change.
It is understood that this year's forum is jointly organized by the Hong Kong SAR Government and the Hong Kong Trade Development Council, with the theme of "Multilateral Cooperation, Sharing a New Chapter", and brings together more than 130 financial officials, international financial and multilateral organizations, financial institutions and private enterprises from around the world. Leaders came to Hong Kong as guest speakers to analyze global economic trends in the new year, explore sustainable economic development models, and explore opportunities for multilateral cooperation.
Li Yunze delivered a speech at the opening session and said that China's financial industry has undergone tremendous changes in the past 20 years, with total assets jumping from less than 30 trillion yuan to more than 450 trillion yuan, an increase of 15 times.
Over the past 20 years, China's financial industry has withstood many severe tests and is the only economy among the world's major countries that has not experienced a financial crisis.
At present, China's financial industry is generally operating steadily and risks are controllable. It is fully confident, well-positioned and capable of maintaining the healthy and stable development of the financial industry.
Li Yunze mentioned that the mainland has just announced last year's economic growth. Generally speaking, the economy continues to rebound and has successfully achieved the expected goal of about 5%.
From a vertical perspective, this growth rate has accelerated by 2.2 percentage points from the previous year, and is also higher than the average annual economic growth rate of 4.5% in the three years of the epidemic; from a horizontal perspective, this growth rate still maintains the lead among the world's major economies; From the perspective of quality, high-end, intelligent, and green transformations continue to generate new momentum; from the perspective of people's livelihood, the warm background of high-quality development is even more distinct.
Li Yunze said that although economic development this year will face some difficulties and challenges, the mainland's economic growth is full of vitality and macro policy space is large. Overall, the favorable conditions are still stronger than the unfavorable factors.
The mainland's economy is improving in the long term, its structure continues to be optimized and improved, and the trend of high-quality development will not change.
"We firmly believe that the mainland economy will be able to move forward steadily while overcoming difficulties and continue to provide a strong impetus for world economic development."
Li Yunze mentioned that Hong Kong is a world-renowned international financial center with significant advantages in economic freedom, financial market depth, internationalization, legal environment and talent pool.
In the next step, the State Financial Supervision and Administration Bureau will continue to strengthen bilateral regulatory cooperation with Hong Kong, fully support Hong Kong in leveraging its unique advantages under "one country, two systems", and continuously consolidate and enhance Hong Kong's status as an international financial center.
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