Zhongxin Wanghai, June 6 (Gao Zhimiao) The 8th Lujiazui Forum opened in Shanghai on 8 June. The theme of this year's Lujiazui Forum is "Global Financial Openness and Cooperation: A New Driving Force for Economic Recovery", and jointly discussed how to strengthen financial cooperation between countries and regions, support the high-quality development of the real economy, and promote global economic recovery and financial stability.

Li Yunze, Director of the State Financial Regulatory Administration, said in his speech that China has built the world's largest banking system, the second largest insurance, stock and bond markets, and inclusive finance has come to the forefront of the world, providing strong support for long-term stable and healthy economic and social development. Since 2023, the recovery of China's economic development has continued to consolidate, market demand has gradually recovered, and positive factors have been increasing, demonstrating strong resilience and vitality.

He pointed out that in the past ten years in the new era, the construction of Shanghai's international financial center has achieved new breakthroughs, the total financial volume has jumped sharply, the market pattern has been increasingly improved, the core functions have been continuously enhanced, the deepening of reform has been rapid and steady, and the status of the gateway of financial opening hub has become more prominent. "We will continue to work with relevant parties to fully support the upgrading of the energy level of Shanghai International Financial Center and continuously enhance its global influence and radiation."

The launch of the Shanghai Reinsurance "International Board" and the release ceremony of the Implementation Rules on Accelerating the Construction of Shanghai International Reinsurance Center. Photo by Kang Yuzhan

Shanghai Mayor Gong Zheng said that today's Shanghai has basically built an international financial center that is compatible with China's economic strength and the international status of the RMB, and is striving to move towards a higher level of development. "We must aim for world-class, continue to strengthen the function of global resource allocation, focus on expanding the opening up of high-level financial systems, promote the interconnection of efficient financial markets, and gather high-level financial institutions."

At the opening ceremony, the launch of the Shanghai Reinsurance "International Board" and the release ceremony of the "Implementation Rules for Accelerating the Construction of Shanghai International Reinsurance Center" were held at the same time, marking another important step in the construction of Shanghai International Reinsurance Center. (End)