2021 - Events - China Development Institute

2021 - Events

Dialogue between China's Greater Bay Area and San Francisco Bay Area

Information

20211210

As one of the most consequential bilateral relationships in the world, the stability of China-US relations will have a far-reaching impact on the recovery of global economy. In the recent Xi-Biden virtual meeting, both sides have exchanged views on the issues of common concern.

In recent years, though the global economy remaining sluggish, China's GBA and San Francisco Bay Area are still considered the leading dynamic regions in terms of industrial development and innovation. Based on this, China Development Institute is about to host an online expert dialogue on December 10, 2021（Beijing Time）to explore the synergies of the two Bay Areas in innovative development, industrial investment and other fields from regional perspective.

Highlights

On December 10th 2021, China Development Institute (CDI) and the Bay Area Council Economic Institute co-organised an online dialogue between China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and San Francisco Bay Area. Scholars from both countries exchanged views on the two bay areas’ economic development and outlook, as well as Sino-U.S. relations. Over three hundred audience from all spheres, including government officials, researchers, executives and media outlets, tuned in for this webinar.

Dr. Wanda Guo, executive vice president of CDI, proposed that Sino-U.S. dialogue should be built on common interest, while bilateral relation could be improved through cooperation on the regional level, especially the business collaboration in the emerging industries between the two bay areas. The two countries could also take advantage of multilateral frameworks in expanding Sino-U.S. cooperation with a foundation of restored trust and respect for each other.

Dr. Sean Randolph, senior director of Bay Area Council Economic Institute, advised that notwithstanding the existing practical obstacles between the two bay areas, there are a few promising areas for collaboration in the private sector, such as clean technology, climate change, health care, biomedicine, and electrical and autonomous vehicles. In addition, Dr. Randolph stressed that the combination of Hong Kong’s role as an international financial service provider and the GBA’s highly developed manufacturing capability is advantageous, and will be attractive for American businesses and investments in the foreseeable future.

Dr. Chenyang Xu, fellow of Institute of Electrical and Electronics Engineers, co-founding partner of Silicon Valley Future Academy, added that regional level collaboration could be an alternative pathway to resuming a normal Sino-U.S. dialogue.

He argued that the communications and exchanges on the local level shouldn’t be interrupted by the ongoing Sino-U.S. trade frictions, the U.S. sanctions, or the global pandemic. Private companies that are present within the two bay areas should complimentarily and pragmatically collaborate in each party’s respective advantageous fields, such as, the rich history of scientific innovations and digital revolution enjoyed by Silicon Valley, and big data, biomedicine, smart manufacturing, and commercialization of scientific research seen in the Greater Bay Area.

Mr. Perry Wong, managing director, China at Milken Institute, echoed the notion of maintaining normal communication between the two countries without politicising the issues, especially in terms of climate change and health care collaboration between China’s Greater Bay Area and the American San Francisco Bay Area.

He elaborated that the two bay areas could explore the investment and business opportunities together within emerging countries in dealing with climate change with increased application of science and technology. Furthermore, collective research and development into public health, health science and technology with the aim of curing critical diseases, illness and caring for the aging population will result in mutual benefits for the two bay areas. Last but not least, in terms of the human resource sector, both parties need to focus on issues pertaining to attracting and retaining talents.

Ms. Rui Ma, chief analyst and director of Tech Buzz China in Silicon Valley, has said that the dialogue between entrepreneurs could help to minimise misunderstandings between China and the US. She stressed that both sides are expected to explore areas of communication on industry regulations, standards, intellectual property protection, as well as fair and open market access.

Presently, both China and the US are the innovative hi-tech centres. The two bay areas have driven innovation and business successes from a global perspective. Companies that are operating in these two bay areas should keep up dialogues, finding avenues of cooperation in other aspects not just entrepreneurship and investor education, but also digital technology, fintech and bio-medicine.

Director of One-Country-Two-Systems Research Institute Dr. Zhou Fang stated that the Guangdong-Hong Kong-Macao Greater Bay Area is featured with a unique system. With the GBA strives to become a hub for the world, there are a lot to learn and exchange between the GBA and the San Francisco Bay Area. Efforts are being made in a number of key areas in the GBA. Firstly, the building of a diversified financial exchange and trade platform within the GBA will facilitate regulated capital flow between China’s mainland and the two Special Administrative Regions. Secondly, the science research commercialisation capability and manufacturing power will be further strengthened as the GBA’s hi-tech industries become better integrated within the region. Lastly, infrastructural connectivity within the GBA will be further enhanced with the railway network consisted of national, inter-city, and inner-city rails, which is already under construction.

According to Mr. Jian Peng, director of Industrial Development and Urban Planning Research Centre, CDI, the two bay areas are both rapidly evolving in terms of scientific and technological innovations, it is hard to keep track of all the changes. Therefore, a diversified channel for communication will be beneficial for better understanding the two bay areas, to dissolve regional business and investment barriers. Mr. Peng also pointed out that the innovation progress is prone to changes within the public services and resources, as seen in the Silicon Valley tech exodus caused by the rising operational and living cost. Therefore, development in public policies planning is critical in preserving scientific and technological innovation in the region, which is also an issue faced by both bay areas.

Program

10:00-12:00: Dialogue Between China's GBA and San Francisco Bay Area

Moderator

Guo Wanda, Executive Vice President, China Development Institute

Speakers

Sean Randolph, Senior Director, Bay Area Council Economic Institute

Fang Zhou, Director, One-Country-Two-Systems Research Institute

Chenyang Xu, Fellow of Institute of Electrical and Electronics Engineers,

Co-Founding Partner of Silicon Valley Future Academy

Perry Wong, Managing Director, China at Milken Institute

Rui Ma, Chief Analyst& Head, Tech Buzz China in Silicon Valley

Peng Jian, Director of Industrial Development and Urban Planning

Research Center, China Development Institute

Published in 2021 - Events

Tagged under

Bay Area

RCEP: Sino-Japan Economic and Trade Cooperation Outlook

Information

202111041

The Regional Comprehensive Economic Partnership (RCEP) trade agreement will take effect starting from Jan 1, 2022. What are the opportunities and challenges faced by China and Japan bilateral trade and economic exchange? What are the implications for Sino-Japan industrial cooperation?

On November 4^th, 2021, China Development Institute and Pangoal Institution co-organized webinar on Sino-Japan industrial development and bilateral cooperation under RCEP.

China and Japan have large room for cooperation in emerging industries and the two sides should seek complementary development, scholars said on Thursday.

They made the remarks at an online seminar on China-Japan industrial cooperation and development, co-organized by the Shenzhen-based think tank China Development Institute and Beijing-based think tank Pangoal Institution.

"For China and Japan, the space for cooperation in traditional industries is not that large. But in emerging industries, it is huge," said He Jun, director of the enterprise innovation research office of the Institute of Industrial Economies at the Chinese Academy of Social Sciences.

"This is because each of the two countries has developed unique advantages in emerging industries. Therefore, they can leverage each other's strengths to jointly promote the development of those industries."

He took the industrial internet as an example. "While Japan excels in software and operational technology, China is developed in communication technology. If the two could work together to form a sound cooperative mechanism, it will be a win-win situation for both sides."

He's view was echoed by Cao Zhongxiong, director of the New Economy Research Centre at CDI, who believes China and Japan could explore more cooperation in blue ocean markets in the digital field by integrating China's digital technologies with Japan's manufacturing.

Japan can also provide talent support for the development of the Chinese digital economy, he added.

Cao also noted that China's globalization drive, transformation of industrial structure and consumption upgrade will create large opportunities for Japan and called on Japan to grasp the opportunities.

-China-Japan industrial cooperation still has big room to grow, China Daily, Nov 5, 2021

(source:https://enapp.chinadaily.com.cn/a/202111/05/AP6184e5e3a310b7d50bab6978.html)

Highlights

China and Japan to further open up bilateral industrial cooperation

The Regional Comprehensive Economic Partnership (RCEP) trade agreement will take effect as of January 1, 2022. In light of the changing regional economic landscape, on November 4, 2021, China Development Institute (CDI) and the Pangoal Institution co-organized a webinar themed Sino-Japan industrial development and bilateral cooperation under RCEP where scholars from both countries shared insights on how China-Japan economic cooperation and trade should respond to global economic uncertainties and how to bring China-Japan industrial cooperation to a higher level.

Dr. Guo Wanda, Executive Vice President of CDI, proposed that China and Japan bilateral cooperation should further open up in order to achieve win-win outcomes under the framework of the RCEP against the suffering global economy, while fully accommodating market demands and complementarily building on each party’s respective strengths.

Yi Peng, Chairman of Pangoal Institution, suggested that China and Japan should explore cooperation in finding solutions to key issues such as the aging population and climate change. In addition, China can learn from Japan’s rich and valuable experience in medical and recreational industries and clean energy technology development. Once RCEP comes into force, the rest of RCEP signing members will be motivated to accelerate their rectification process and attracted by the huge regional potential unleashed by it. The global economic recovery will undoubtedly benefit from it as well.

Global supply chain has been largely affected by Sino-U.S. trade frictions and the COVID-19 pandemic. Li Wei, professor at School of International Studies, Renmin University of China, suggested that since Japan and the United States share strong interests in reshaping the supply chain, industrial transfer is likely to occur among Japanese companies, namely the China-based Japanese enterprises that operate internationally, especially those in the manufacturing sector. Although it’s less likely to see obvious industrial transfer among Japanese multinationals with China as their main consumer market.

Chi Hung Kwan, senior fellow at Nomura Institute of Capital Markets Research, said that China's "dual circulation" strategy will have impacts on the global economy as well as Sino-Japan cooperation. On one hand, China's growing domestic production will lead to reduced imports of intermediate products such as parts and components, and Japanese and Korean enterprises will face greater competitive pressure from their Chinese counterparts. On the other hand, with the continuous upgrading of China's domestic industries, more commodities originally produced for exports will be sold domestically, providing opportunities for emerging economies such as ASEAN to expand their share of labor-intensive products in the global market.

Pang Zhongying, distinguished professor at Ocean University of China, advised that under the impact of the pandemic, countries around the world have tightened their trade policies, posing a significant challenge to the multilateral trading system. Once RCEP takes effect, free trade among East Asian economies will be enhanced. As two major economies in East Asia and important members of RCEP, China and Japan should establish a more resilient industrial chain and supply chain in a bid to alleviate the adverse effects of unilateralism and anti-globalization on regional economic development.

He Jun, researcher at the Institute of Industrial Economics of Chinese Academy of Social Sciences, offered that there is still huge potential for Sino-Japan cooperation. On one hand, China needs to further open-up its market while improving the intellectual property protection mechanism. On the other hand, Japan derives its industrial advantages from a closed supply chain; its opening-up to China is critical to the qualitative improvement of Sino-Japan cooperation. Moving forward, Sino-Japan industrial cooperation lies in industries where one has a lot to offer to the other, such as Japan’s elderly care and medical device industries and China’s mobile communication terminals and system equipment industries.

Cao Zhongxiong, Director of New Economy Research Institute at CDI, proposed that in order to cope with the challenges brought about by a changing global industrial chain, China-Japan cooperation should seize four major opportunities, namely, 1) consumption upgrade in China's market; 2) transformation of China's industrial structure; 3) China’s efforts to make up for missing links in its industrial chain and supply chain; 4) China's efforts to participate in depth in global industrial operations. China-Japan future cooperation will need to give consideration on higher level industrial chain and supply chain, and digital technology applications.

Liu Qingbin, professor at Institute for Advanced Study, Yokohama National University, suggested that as a leader in analog technology, Japan is highly dependent on fax for daily information exchange within and between its government authorities and enterprises, with digital reform slowly progressing. Thus, there are broad prospects for cooperation between China and Japan in digital technology platform and digital business platform among other fields of digital economy in the future. In addition, China and Japan future cooperation should lean towards industries like prefabricated construction which is a well-developed industry in Japan but not in China.

Program

Opening Remarks

YI Peng, Chairman of Pangoal Institution, China
GUO Wanda, Executive Vice President of China Development Institute

Panelists

Chi Hung KWAN, Senior Fellow at Nomura Institute of Capital Markets Research, Japan
HE Jun, Researcher at the Institute of Industrial Economics of Chinese Academy of Social Sciences
PANG Zhongying, Distinguished Professor at Ocean University of China, Senior Fellow at Pangoal Institution, China
Liu Qingbin, Professor at Institute for Advanced Study, Yokohama National University, Japan
LI Wei, Professor at School of International Studies, Renmin University of China
CAO Zhongxiong, Director of New Economy Research Institute, China Development Institute

Published in 2021 - Events

Tagged under

rcep

Carbon Neutrality and Green Economy

Information

20210917

With the consensus of limiting global warming, China, the world’s largest developing nation and greenhouse gas emitter, has announced the goal to reach CO2 emission peak before 2030 and carbon neutrality before 2060. It goes without saying that enormous challenges lie ahead. Meanwhile, many developed nations have already reached peak emission before the turn of the century and have since accumulated abundant and mature case experiences.

What and how can China learn from EU countries’ progression towards carbon neutrality so as to better align with the international standards? How can the two sides collaborate and complement each other in the process of energy transition and carbon emission reduction?

Bearing in mind the mutual vision for a common future and shared prosperity, China Development Institute will bring together public representatives, academics, and professionals in hope to provide insights on the next steps for approaching carbon neutrality and green economy.

Date: Sept 17, 2021

Venue: Jianguo Garden Hotel, Beijing, China

Host: CDI

Theme: Carbon Neutrality and Green Economy

Program

Opening Remarks

Moderator: Dr. GUO Wanda, Executive Vice President of China Development Institute

Speakers:

Prof. FAN Gang, President of China Development Institute
Prof. LI Junfeng, Director of Chinese Renewable Energy Industries Association
Mr. David MORRIS, Vice President of the United Nations Sustainable Business Network for Asia Pacific

Session One: Green Economy and Carbon Neutrality

Moderator: Dr. GUO Wanda, Executive Vice President of China Development Institute

Speakers:

Prof. TANG Jie, Professor of School of Economics and Management, Harbin Institute of Technology, Shenzhen; Former Deputy Mayor of Shenzhen Municipal Government, China
Dr. LI Lailai, Affiliated Researcher of Stockholm Environment Institute, Sweden
Prof. YANG Lei, Deputy President of Energy Institute at Peking University, China

Session Two: Energy Transition and Carbon Emission Reduction

Moderator: Dr. LI Lailai, Affiliated Researcher of Stockholm Environment Institute, Sweden

Speakers:

Dr. Louise VAN SCHAIK, Head of Unit EU & Global Affairs, the Netherlands Institute of International Relations
Prof. Joachim VON BRAUN, Director of Center for Development Research (ZEF) University of Bonn, Germany
Mr. LIU Qiang, Director of Programmes (China) of Children's Investment Fund Foundation
Ms. Margaret CHEN, BP China Chief Economist

Highlights

China to promote international collaboration on climate change to achieve peak emissions and carbon neutrality goals

Firstly, enterprises and local governments need to have a better understanding of the rationale behind China’s peak emissions and carbon neutrality goals. This will require extensive education regarding these goals and carbon transition. Secondly, scientific and policy research is essential, especially in dealing with the relationship between the government and the market, and the government and the private sector. Thirdly, the emphasis should be shifted from total energy consumption to total carbon emissions to avoid unhelpful restrictions being placed on renewable energy generation as we endeavour to reduce the consumption of fossil fuels. Fourthly, carbon lock-in should be prevented, building new coal power plants should be prohibited and R&D and application of carbon caption and sequestration technologies should be undertaken.

Prof. FAN Gang, President of CDI

The core of “carbon neutrality” action is to advance the transition from the resource-dependent development model to the technology-driven development model across both the economic and social planes. This transition manifests in three areas: growth model, energy system and lifestyle. It is important that carbon neutrality is approached without compromising energy or economic security. To better advance this energy transition, it is important to first, complete the policy transition from total energy consumption control to total fossil fuel consumption control; second, promote an earlier carbon peak of coal consumption with appropriate control of coal power plant development; third, control the development of non-fossil fuel energy such as wind power and solar power; fourth, create systematic safeguarding of the advancement of this energy transition.

Prof. LI Junfeng, Director of Chinese Renewable Energy Industries Association

Climate change poses great challenges for all mankind. It is crucial for all nations to avoid zero-sum thinking and to instead keep an open mind and work collaboratively towards realising the common goal of advancing green development and climate change action while reserving differences and allowing competition. The Asia-Pacific region could explore the establishment of a regional cooperation framework to better facilitate energy transition, green infrastructure construction, green finance implementation and green BRI development.

Mr David MORRIS, Vice President of the United Nations Sustainable Business Network for the Asia-Pacific

The structural reform of the supply side of business is vital to achieving peak emissions and carbon neutrality. Taking Shenzhen as an example, the city’s structural upgrade of its industries, energy and technologies in recent years has successfully shifted its economic growth pattern while meeting air quality standards and reaching peak carbon emissions. The Shenzhen experience proves the close correlation between advancing manufacturing and reaching peak carbon emissions.

Prof. TANG Jie, Professor of the School of Economics and Management, Harbin Institute of Technology, Shenzhen; Former Deputy Mayor of Shenzhen Municipal Government, China

The sixth IPCC assessment more accurately observed that the Earth’s climate system is undergoing a significant change characterised by warming at an unprecedented speed. The heavy rainfall seen in China and many countries around the world in 2021 is an example of the danger of global warming. These grim facts warn all mankind to take immediate action to mobilise the necessary resources to adapt to climate change, thereby reducing the impact of natural disasters. The advantage of appropriate adaptation measures is three-fold: they avoid future losses, encourage economic growth through innovation and offer wide-ranging social and environmental benefits.

Dr LI Lailai, Affiliated Researcher at the Stockholm Environment Institute, Sweden

Firstly, carbon neutrality and energy transition is a comprehensive project; the approach to which varies, as illustrated by the different methods employed in developed countries. It is important to find a route that is appropriate for China’s economic development. Secondly, a healthy and functional energy market is fundamental to the advancement of energy transition and the achievement of carbon neutrality. Thirdly, it has been proven in many instances that carbon neutrality is viable. We need to have faith in ourselves and settle our minds on success. The general public needs to be informed and motivated as well.

Prof. YANG Lei, Deputy President of the Energy Institute at Peking University, China

The European Union has been aware of the severity of climate change since the 90’s. In the following decade, related policies and legislations were introduced. In 2005, carbon exchange was set in motion, as well as a corresponding standards and policy system. Recently, the European economy has suffered a major blow from the Covid-19 pandemic. The green economy and digital economy will be the driving forces behind the region’s post-pandemic economic recovery. The European Green Deal has proposed even stricter goals for carbon neutrality. In the future, the EU will further improve energy foreign policy to facilitate a synergic energy transition. Here, there is great potential for China and the EU to collaborate to create standards for environmental protection, energy transition and R&D for green technology.

Dr Louise VAN SCHAIK, Head of Unit EU & Global Affairs, the Netherlands Institute of International Relations

Firstly, China and the EU both play important roles in setting the global climate policy agenda and coordinating initiatives for the implementation of the Paris Agreement. They are thus able to collaboratively mobilise resources for the Green Climate Fund and work towards building the global carbon market and strengthening the link between climate policy and development. Secondly, China and the EU should enhance trade coordination to minimise the negative environmental impact that trade activities can have on other nations. Thirdly, considering China’s extraordinary success in reforesting, China and the EU could potentially collaborate in sustainable agriculture policymaking. Fourthly, China and the EU could initiate joint cooperation activities with African nations for sustainable land use, food security, forest protection and energy innovation.

Prof. Joachim VON BRAUN, Director of the Center for Development Research (ZEF) University of Bonn, Germany

Firstly, it is important to focus on coordinating the energy transition and economic development, especially the balance between costs and benefits, as well as between short term and long-term goals. Secondly, the road map for reaching peak carbon emissions and carbon neutrality needs to be clarified to avoid carbon lock-in. Thirdly, coordinated planning at the regional level should be explored taking into account regional variations and local needs. Fourthly, international cooperation and exchange should be strengthened to seek mutual benefits.

Mr LIU Qiang, Director of Programmes (China) of Children's Investment Fund Foundation

Firstly, the decline in total primary energy consumption in 2020 was significant, nearly 5%, with carbon emissions falling by about 6%, the largest annual decline since World War II. However, the huge reduction in oil consumption in the transportation sector was caused by Covid-19 prevention measures, which are unsustainable. Secondly, the world's energy structure is still moving towards cleaner energy and low carbon. The use of coal and oil has been decreasing while the use of natural gas and renewable energy has been increasing. However, the level of oil consumption in China is bucking global trends and continues to grow. Thirdly, last year, despite the world being in the grip of the Covid-19 pandemic, global power generation and electricity consumption did not see dramatic reductions and instead remained roughly the same thanks to China. The global increase in renewable energy has mainly come from China as well. Fourthly, the leading global trend in primary energy structure change is the continuing decline in the use of fossil fuels.

Ms Margaret CHEN, BP China Chief Economist

Published in 2021 - Events

Tagged under

Carbon

CDI 2021 Annual Meeting in Beijing

Information

202107231

As international trade and production undergo disruption caused by the global pandemic, international industrial chain is bound for comprehensive restructuring. During which, China’s economic development will be faced with a serious of risks and challenges. With this in mind, CDI’s 2021 China Think Tank Forum aims to debate how China’s industry chain should adjust and adapt to the rapidly changing external economic environment while creating a fair and innovation-friendly internal business environment.

Date: July 23, 2021

Venue: China Hall of Science and Technology, Beijing

Host: CDI, Shenzhen Soft Science Development Foundation

Theme: “Dual Circulation” Economic Model and National Supply Chain Security

Program

Welcom Remarks

Fan Gang, President of CDI
Ye Xiaowen, Acting Chairman of CDI

Moderator: Li Jinkui, Senior Research Fellow of CDI

Session One - China and the shifting global industrial chain

Moderator: Xu Lin, Chairman of China-U.S. Green Fund

Wang Changlin, Director of Macroeconomic Research Institute, NDRC, China
Tang Jie, Professor of School of Economics and Management, Harbin Institute of Technology, Shenzhen, China; Former Deputy Mayor of Shenzhen Municipal Government, China
Huang Qunhui, Director of Institute of Economic, Chinese Academy of Social Sciences
Yu Miaojie, Deputy Director of National School of Development, Peking University, China
Wang Guowen, Director of Research Center for Logistics and SCM, CDI

Session Two - Systematic innovation and industrial development

Moderator: Li Jinkui, Senior Research Fellow of CDI

Ma Mingjie, Director of Research Department of Innovation Development, The Development Research Center of the State Council, China
Mu Rongping, Dean of School of Public Policy and Management, University of Chinese Academy of Sciences
Wu Jinxi, Director of Center of Emerging Industry Research, School of Social Sciences, Tsinghua University, China
Zheng Zhibin, Vice President of Strategy Department, Huawei

Gallery

View the embedded image gallery online at:
https://en.cdi.org.cn/component/k2/itemlist/category/106-2021-events#sigProIdcf82b7742f

Published in 2021 - Events

Seminar on Hong Kong-Shenzhen Biotechnology Collaboration and Launch of Joint Report

Information

20210726

China Development Institute, China Center for International Economic Exchanges and Our Hong Kong Foundation jointly conducted research on the strategy for collaboration between Hong Kong and Shenzhen in biotechnology development by leveraging the synergistic effects of the Shenzhen-Hong Kong Cooperation Zone for Technology and Innovation at the Lok Ma Chau Loop.

To foster the growth of a world-class biotech cluster, the three think tanks in their report, entitled Strategic Collaborations between Hong Kong and Shenzhen in Biotechnology—Capitalising Opportunities in the Loop for Policy Innovations, puts forward seven recommendations, including bringing in leading biotechnology corporations, establishing a mega research institute, developing comprehensive supporting facilities for the entire supply chain, and providing a one-stop service platform to advance biotechnology development in Lok Ma Chau Loop.

On July 26, 2021, the three think tanks bring together government officials, academics and industry leaders in the discussion of the outlook of Hong Kong-Shenzhen biotechnology collaboration, and jointly release the research report.

Date: July 26, 2021

Venue: Shenzhen, Beijing and Hong Kong

Host: CDI, China Center for International Economic Exchanges and Our Hong Kong Foundation

Theme: Strategic Collaborations between Hong Kong and Shenzhen in Biotechnology—Capitalising Opportunities in the Loop for Policy Innovations

Program

Welcome Remarks

Eva Cheng, President, OHKF

Opening Remarks

Paul Chan Mo-po, Financial Secretary, Government of the HKSAR
Zhang Xiaoqiang, Executive Vice Chairman, China Center for International Economic Exchanges
Lu Wenpeng, Deputy Secretary-General of Shenzhen Municipal Committee of CPC, Director General of the Policy Research Office of Shenzhen Municipal Committee of CPC

Panel Discussion

Panelists:

Wang Xiang, Deputy Director, Department of Innovation and High-Tech Development, NDRC, China
Liu Zhongpu, Full-time Member of Consultation Commission for Shenzhen Municipal Committee of CPC
Tsui Lap-chee, President of The Hong Kong Academy of Sciences
Lo Yuk Ming, Associate Dean (Research), Faculty of Medicine, The Chinese University of Hong Kong
Zhao Xinli, Academician, China Science Center of International Eurasian Academy of Sciences
W. John Kao, Head of the Biomedical Technology Cluster at HKSTP

Invited speakers:

Sit Wing-hang, Secretary for Innovation & Technology, Government of the HKSAR
Guo Wanda, Executive Vice President of CDI

Published in 2021 - Events

Financial Centre Futures Webclave Looking Forward To COP 26

Information
Program

Information

202107291

On July 29^th, China Development Institute, in partnership with the Z/Yen Group, is holding a special webclave to bring together representatives of financial centres across the world to discuss areas of common interest and in particular the contribution made by financial centres to the Sustainable Development Goals in advance of COP 26.

In the lead up to COP 26, the meeting is an opportunity for financial centres to share information on: What are the challenges that financial centres are working on in relation to the UN SDGs? What do financial centres see as the biggest strategic challenges ahead? How will financial centres measure success going forward?

20210729

Date: Thursday, 29 July 2021

Time: 15:30-17:30 (GMT+8)

Program

15:30 -15:35(GMT+8)

Welcome And Housekeeping:

Mike Wardle, Z/Yen Group

15:35-15:45(GMT+8)

Setting The Scene:

Professor Michael Mainelli, Z/Yen Group

Simon Mills, Z/Yen Group

15:45-16:50(GMT+8)

Round Table Discussion

Turks & Caicos Islands

Shenzhen

Luxembourg

Dublin

Hong Kong

Abu Dhabi

Nur-Sultan

Xi'an

Mauritius

GIFT City-Gujarat

Dubai

Moscow

Ho Chi Minh City

Nairobi

Guangzhou

Guernsey

Kigali

Busan

Frankfurt

16:50

Open Discussion

17:20

Summary & Close:

Professor Michael Mainelli, Z/Yen Group

Published in 2021 - Events

The RCEP Signing: Common Future and Shared Prosperity Towards Regional Cooperation

Information

2021RCEP

The year 2021 not only marks the 30th anniversary of China-ASEAN dialogue and relations, but also witnesses the steady progress of the Regional Comprehensive Economic Partnership (RCEP). Once implemented, the RCEP is expected to significantly eliminate tariffs between its signatory nations, and further promote regional value chains, trade, and intellectual property. The RCEP will help form a more secure and diversified supply chain, while facilitating closer regional economic and social connections.

On June 17^th, China Development Institute and KSI Strategic Institute for Asia Pacific jointly held a webinar, bring together public representatives, academics, and professionals in the hope of providing insights into the next steps for regional economic cooperation and the RCEP’s complementary role to the Belt and Road Initiative (BRI).

Date: Thursday, 17 June 2021

Time: 14:30 (GMT+8)

Program

14:30-14:50 (GMT+8)

Opening Remarks

Moderator: Prof. Zhu Wenhui, Board Member of China Development Institute and Senior Commentator of Phoenix TV

Prof. Fan Gang, President of China Development Institute

Dr. Michael Yeoh, President of KSI Strategic Institute for Asia Pacific

14:50-15:55 (GMT+8)

Session 1 RCEP: Building Closer Regional Cooperation

Moderator: Prof. Zhu Wenhui, Board Member of China Development Institute and Senior Commentator of Phoenix TV

Speakers:

Dr. Zhao Jinping, Former Director-General of the Research Department of Foreign Economic Relations, Development Research Center of the State Council

Prof. Simon Tay, Chairman of Singapore Institute for International Affairs

Prof. Kriengsak Chareonwongsak, President of Institute of Future Studies for De-velopment; former Member of Parliament and Adviser to Prime Minister of Thailand

Mr. Nguyen Anh Duong, Director of Department for General Economic Issues and Integration Studies, Central Institute for Economic Management, Vietnam

Assoc. Prof. Piti Srisaengnam, Director for Academic Affairs, ASEAN Studies Center, Chulalongkorn University, Thailand

15:55-17:00 (GMT+8)

Session 2 Synergy of the RCEP and BRI: Prospect and Opportunities

Moderator: Dr. Michael Yeoh, President of KSI Strategic Institute for Asia Pacific

Speakers:

Dr. Yose Rizal Damuri, Head of the Department of Economics, Center for Strategic and International Studies, Indonesia

Prof. Joefe Santarita, Director of Asian Studies Center, University of the Philippines Diliman

Prof. Lu Guangsheng, Dean of Institute of International Relations, Yunnan Univer-sity

Adj. Prof. Shazali Sulaiman, School of Business and Economics, University Brunei Darussalam

Highlight

In his welcome speech, Fan Gang, President of China Development Institute (CDI), said that exchange and cooperation between China and ASEAN think tanks is one of the key aspects of regional cooperation strengthening. The diversity of RCEP members implies both a major challenge and an even greater opportunity for the promotion of regional connectivity. In-depth research and suggestion from think tanks of RCEP member nations is required to ensure that RCEP can truly facilitate the coping of global economic uncertainties and pandemic induced socio-economic problems.

RCEP: where it is now and the challenges ahead

Affected by the resurgence of the pandemic, global economic growth remains sluggish and exhibits great regional variations. With FTAs in the RCEP region, new market demand and economic growth poles has been created, which is becoming an important driving force for Chinese and ASEAN enterprises’ battle against the pandemic induced crisis. In particular, the signing of RCEP will improve the trade and investment environment in the region, while securing regional supply chain and regional value chain, relieving the external economic pressure faced by member nations, and ultimately achieving steady economic recovery. At the same time, the subsequent implementation and timely upgrading of RCEP will proceed with a number of challenges, such as the development variations, the complexity of interests and the different domestic legal approval processes of member states, the overlapping of existing FTAs in the region, and the coordination of interests between regional powers. It is necessary to gradually promote the further deepening and expansion of RCEP with multilateral negotiation.

Future directions for China and ASEAN cooperation under the RCEP framework

First, further expand communication channels, enhance mutual understanding and expand areas of exchange and cooperation; second, seize the development opportunities posed by digital economy, jointly carry out innovative collaboration in the fields of e-commerce, smart city and big data etc., while creating employment for the local people; third, based on the preferential policies in RCEP and the principle of optimal allocation of resources, Chinese and ASEAN enterprises can carry out purchase, production and sales of raw material within member nations, expand trade and investment exchanges, and promote the formation of a closer and more competitive regional industrial chain and supply chain partnership; fourth, timely take into account of sustainable development of RCEP region, strengthen cooperation in non-traditional security issues such as environmental protection, poverty alleviation, climate change and green development, further strengthen dialogue and communication, and jointly promote the construction of the green economic partnership.

The relation between RCEP and Belt and Road Initiative

RCEP plays an important role in the coordination of cross-border trade and investment rules, while Belt and Road Initiative (BRI) has an important impact in the advancement of infrastructure construction; therefore, the two are rather functionally complementarity. In the future, RCEP should give full play to its advantages of inclusive rules in the fields of trade, investment and intellectual property, so as to provide experience and reference for the better promotion of BRI. At the same time, we can give full play to the integrated effect of policy coordination, connectivity, financial cooperation and cultural exchanges etc. of BRI, promote the early implementation of RCEP, promote regional trade and investment growth, eventually providing a more open and prosperous regional market for Chinese and ASEAN enterprises.

Published in 2021 - Events

Tagged under

rcep

China-UK-Europe Relationships & Co-operation After Brexit: Rewiring the Connections

Information

UK China Europe1

China Development Institute (CDI) and Z/Yen are hosting an online expert seminar to take place on 20 May 2021, with a focus on UK-China-Europe Relationships and Co-operation After Brexit.

The objectives of the event:

The future of cooperation in capital markets between China-UK-EU

The trends of regional financial development in Europe

Opportunities and issues that arise for the future.

Date: Thursday, 20 May 2021

Time: 16:00 China, 09:00 London

highlights

Financial services remain a key sector for China-UK cooperation.

China-UK cooperation in the financial sector has been historically on good terms and has been clearly complimentary. Experts suggest that future China-UK financial cooperation could successfully continue through three primary aspects. Firstly, in terms of technologies such as big data, AI and blockchain, bilateral research collaboration can yield technological advancements and discovery of new application scenarios. Second, China-UK financial organizations could strengthen international collaboration in areas such as inclusive, digital and green finance, whilst kickstarting joint laboratory and platform service businesses. Thirdly, improved regulatory cooperation. Regulatory bureaus between the two countries should collaborate with respect to fin-tech regulations and explore the building of a regulatory sandbox in order to create a safe, inclusive and open business environment.

China-UK capital market connectivity is likely to grow closer.

In recent years, China-UK capital market collaboration has seen significant breakthroughs. Experts have proposed that the offshore renminbi (CNH) securitization market could be initiated in London, with exploration into London-based securities that are denominated in CNH, which will help accelerate renminbi asset internationalization. Furthermore, the two parties could consider establishing offshore renminbi investment funds in London, whilst providing preferences to each party’s well-funded financial institutes for early collaboration and introduction of other institutions later on. Moreover, with the Shanghai-London stock connection will engender greater convenience for investors from the two nations to carry out investment activities in each other’s markets, thereby expanding China-UK bilateral investment and fund-raising channels.

China-UK cooperation in green development will help promote greater sustainable development of the global economy post-pandemic.

Against the backdrop of the global Covid-19 pandemic, more companies have increased investment in sustainable operational technologies, equipment and services, which has further stimulated the green innovation vitality. China and UK could further exploit their own advantages and characteristics in the future, improving the green finance systems whilst advancing the implementation of bilateral financial organizational cooperation and investment projects. Experts propose the cohesive development of the green finance sector in China and UK, which could be advanced via cooperation in areas such as alignment of green finance standards, research and development of innovative products, and the building of a foundation for the forming of international green finance standards. Moreover, based on the green finance cooperation, the two sides should actively collaborate in the development of clean, safe and affordable energy technologies to push forward the development of sustainable infrastructure, as well as the transition towards a low-carbon economy of both countries.

Program

Times China/UK

16:00/09:00 Welcome and Setting the Scene

Professor Fan Gang, President, China Development Institute

16:10/09:10 The Future of Cooperation in Capital Markets Between China-UK-EU

Xu Jianguo, Senior Research Fellow, The Institute of Digital Finance at Peking University

Sir Vince Cable, Former Secretary of State for Business, Innovation and Skills & President of the Board of Trade

16:40/09:40 Regional Financial Developments In Europe Post-Brexit

H.E. David Doyle, Ambassador, St. Christopher (St. Kitts) and Nevis to UNESCO

Ju Jiandong, Director, Centre for International Finance and Economics Research, PBC School of Finance, Tsinghua University

17:10/10:10 Discussion

17:25/10:25 Concluding Remarks

Professor Michael Mainelli, Executive Chairman, Z/Yen Group

17:30/10:30 Close

Gallery

View the embedded image gallery online at:
https://en.cdi.org.cn/component/k2/itemlist/category/106-2021-events#sigProId6734251a1e

Published in 2021 - Events

Tagged under

brexit

Seminar on global economic outlook and launch of Global Financial Centres Index 29

Information

gfci29

With global economies struggling to revive, the global financial market is faced with both challenges and opportunities. The seminar brought together industry experts to comment on the outlook of global economy and the reshaping of international and domestic financial market.

After the seminar, the GFCI 29 launch was held in partnership between Z/Yen Group and the China Development Institute through a webinar, with the support of the Hong Kong Financial Services Development Council. The Global Financial Centres Index has been tracking the development of the world’s financial centres since 2007 and is the authoritative guide to financial centre success. The webinar presented GFCI 29 results and how financial centres are progressing, and talked about Hong Kong’s latest development and the development of Chinese financial centres more widely.

Date: March 17, 2021
Host: CDI, Z/Yen Group, Hong Kong Financial Services Development Council
Theme: Seminar on global economic outlook and launch of Global Financial Centres Index 29

Program

14:00 Seminar on global economic outlook
Moderator: Dr. Guo Wanda, Executive Vice President, China Development Institute
Professor Xiao Geng, Chairman of the Hong Kong Institution for International Finance, and Professor of Peking University HSBC Business School
Professor Wang Shuxun, Chair Professor for the Department of Finance at Southern University of Science and Technology
Dr. Cao Yuanzheng, Chairman of BOCI Research Limited, and Member of the Board at China Development Institute

16:00 Welcome & Introduction
Professor Michael Mainelli, Executive Chairman, Z/Yen

16:05 Developments in Hong Kong financial services
Mr. Hui Ching-yu, Secretary for Financial Services and the Treasury, Hong Kong SAR Government

16:20 GFCI 29 results
Mike Wardle, Director & Head Of Indices, Z/Yen

16:40 Observations
Professor Michael Mainelli, Executive Chairman, Z/Yen

16:50 Developments in Chinese financial centres
Dr. Yu Lingqu, Vice Director of Center for Financial Studies, China Development Institute
Dr. Au King-Iun, Executive Director, Hong Kong Financial Services Development Council

17:00 Questions, comments and answers

17:15 Close