[Explanation] On December 4th, the 18th International Finance Forum (IFF) Global Annual Conference opened in Guangzhou.

With the theme of "Sustainable Development under Global Challenges: Competition, Change, and Cooperation", the conference invited global financial leaders and heads of various financial departments to analyze and interpret the global economic structure and its changing trends.

  Zhou Xiaochuan, the former governor of the People's Bank of China and chairman of the IFF conference, said in his speech that affected by the epidemic, the global supply chain has been blocked, international energy, food and asset prices are high, inflationary pressures are rising, and the global economic recovery is facing uncertainty.

The purpose of this annual meeting is to discuss in depth the common challenges facing the world, promote consensus, and speed up action.

  [Concurrent] Zhou Xiaochuan, Former Governor of the People's Bank of China and Chairman of the IFF Conference

  On the list of tasks to be jointly addressed by the world, there are still many projects that need to continue to redouble their efforts. To address the risks of climate change and reduce the loss of biodiversity, the world needs to work together to promote the green and low-carbon transition, and provide for the vast number of developing countries. Timely financial and technical support.

In terms of digital transformation, it is necessary to persist in innovation-driven, accelerate digital transformation, strengthen digital governance, protect data security and personal privacy, and safeguard consumer welfare and public interests.

It is necessary to adhere to openness and cooperation in foreign relations, oppose unilateralism and protectionism, establish a system of multilateral trade rules that adapt to the new era, and promote the liberalization and facilitation of trade and investment.

  [Explanation] He Houhua, vice chairman of the 13th National Committee of the Chinese People's Political Consultative Conference, said in his speech at the opening ceremony that the world is undergoing major changes unseen in a century. The impact of the new crown pneumonia epidemic on the world has caused major economic and social issues in all countries. In the crisis, we need to work together to deal with all kinds of variables that threaten the overall sustainable development of the world.

  [Concurrent] He Houhua, Vice Chairman of the 13th National Committee of the Chinese People's Political Consultative Conference

  In 2017, the International Financial Forum actively responded to the national strategy and settled in the Greater Bay Area, building a landmark permanent venue for the International Financial Forum, becoming a platform for international exchanges and cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, and jointly building an international financial hub platform for the Guangdong-Hong Kong-Macao Greater Bay Area For one, I appreciate the efforts made by the International Financial Forum.

In the post-epidemic era, the international community will even more need platforms like the International Financial Forum to play a role as a link to further build consensus on development and explore new paths for global sustainable development.

  [Commentary] Gao Yan, chairman of the China Council for the Promotion of International Trade, said that at present, the world economy is recovering hard, the growth rate of global trade and investment has slowed, and the international situation continues to undergo complex and profound changes.

Most countries have intensified their internal solidarity, global industrial chains and supply chains have been reshaped, trade frictions have emerged one after another, and foreign investment restrictions and inspections have become stricter.

But no matter how the world situation evolves, the general trend of peace and development has not changed, and the general trend of countries seeking openness and cooperation has not changed.

  [Concurrent] Gao Yan, Chairman of China Council for the Promotion of International Trade

  Openness and financing is the general trend, and mutual benefit and win-win are the common aspirations.

It is necessary to strengthen international macro-policy coordination, deepen cooperation in the financial field, and enable more countries and people to share the fruits of financial innovation and economic growth.

Promote the high-quality development of the “Belt and Road”, strengthen cooperation in new areas such as health, green, and digital, and expand new spaces for international cooperation.

Deepen bilateral, multilateral, and regional cooperation, advance trade and investment liberalization and facilitation, promote global economic governance to develop in a more just and reasonable direction, and jointly build an open world economy.

  [Explanation] At this conference, the International Finance Forum and Goldman Sachs jointly launched the China-US Green Finance Working Group.

The US-China Green Finance Working Group is co-chaired by Zhu Xian, Vice Chairman and Secretary-General of the International Finance Forum, and John Waldron, President and Chief Operating Officer of Goldman Sachs Group. It will bring together senior leaders of global companies and experts and scholars from leading research institutions to discuss climate change The changed measures provide advice and work support to policy makers, and strengthen the green financial cooperation between the public and private sectors.

  Reporting from Guangzhou by reporter Vedev

Editor in charge: [Liu Xian]

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