Global Public Funds Research Forum

Chengdu Finance Week Events – International Financial Centre Development Conference was successfully conducted.

During the opening ceremony of Chengdu Finance Week, participants from various countries and regions were encouraged to communicate with each other, focusing on the development of the Western China Financial Centre.

Chengdu Finance Week, co-hosted by Chengdu Municipal Financial Regulatory Bureau and Chengdu Hi-tech Zone Administration Committee, and organized by China Innovation Finance Institute (Chengdu), was officially opened on November 19, 2023 in Chengdu. Guests from government departments, regulatory authorities, embassies and consulates, business associations, financial institutions, international organisations, and research think tanks from China, Germany, Hungary, Luxembourg, Kazakhstan, Saudi Arabia and Bahrain attended the opening ceremony.

As the premier listing venue for international bonds, the Luxembourg Stock Exchange has been working very closely with Chinese issuers for several years to facilitate their access to international capital markets and investors. And this cooperation with China has naturally expanded into the field of sustainable finance. Many successful joint initiatives with the Chinese partners have been developed in recent years, notably in the fields of information dissemination and indexes, etc. And these opportunities all capture the power that the finance industry has to propel innovative sustainable investment opportunities that improve inclusive growth.

In line with China’s current economic development stage, sustainable investment is an investment approach and concept that integrates environmental protection, social responsibility, and corporate governance. It emphasizes economic and social benefits and is a practical manifestation of the new development concept “innovation, coordination, green, openness, and sharing” in investment practices. Sustainable investment is a powerful tool for promoting economic transformation and upgrading to achieve high-quality development and has broad development prospects.

We live in a world of radical uncertainty. We hope that governments and central banks can rise to the challenge, ensuring prosperity in the years ahead. Many of these challenges will require greater understanding and cooperation between countries. Despite the rising tensions between the United States and China, the future of the world depends on greater collaboration between them to ensure the growth of prosperity of all countries in the world. The responsibilities of the United States and China are both great, but the rewards are greater still.