On the afternoon of October 30, the Annual Conference of Financial Street Forum (FSF) 2025 concluded in Beijing. Zhou Xiaochuan, Vice Chairman of the 12th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and former Governor of the People’s Bank of China (PBOC), attended the closing ceremony. John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), delivered a video address, and Yin Yong, Deputy Secretary of the CPC Beijing Municipal Committee and Mayor of Beijing, delivered closing remarks.
John Lee said that FSF has become a national-level international professional forum and serves as an important platform for China’s international financial exchange and cooperation. Amid shifts in the global financial landscape, governments and enterprises worldwide need to strengthen cooperation in financial markets. This year’s annual conference provides a timely opportunity for governments and enterprises from around the world to engage in dialogue, exchange ideas, and learn from one another. Finance is the core of the modern economy. Only through continuous innovation, proactive transformation, and bold reshaping can we chart a new course amid the ever-evolving landscape. The HKSAR government has introduced a series of measures to consolidate and enhance Hong Kong’s status as an international financial center, while accelerating the development of new economic drivers. Hong Kong will continue to develop the equity market and assist technology companies from the Chinese mainland in raising funds in Hong Kong. Greater efforts will be made to deepen the connectivity between Hong Kong and mainland financial markets and consolidate Hong Kong’s edge as the world’s largest offshore Renminbi (RMB) business hub to provide liquidity support for global offshore RMB transactions and financial activities. Hong Kong will further leverage its advantage as a launchpad for going global and create business opportunities with more enterprises from the Chinese mainland, enabling more enterprises from the Chinese mainland to venture abroad by taking Hong Kong as a springboard. Hong Kong will also fully play out its roles of a super connector and a super value creator to further contribute to China’s high-quality development.
Yin Yong said that, themed “Global Financial Development in an Era of Innovation, Transformation and Restructuring,” this year’s annual conference features multiple high-quality sessions. The forum yielded fruitful outcomes by further strengthening its role as a barometer of financial policy, a salon for international cooperation, a matchmaking hub for commercialization, and a booster of finance in serving the real economy. Last week, the 20th Central Committee of the CPC convened its fourth plenary session, providing top-level design and strategic guidance for China’s economic and social development during the 15th Five-Year Plan period. We are confident and well-positioned to continue writing new chapters of rapid economic growth and long-term social stability. With strong support from central financial regulators and financial institutions, the total assets of Beijing’s financial industry have exceeded 220 trillion yuan, while the functions of the national financial management center continue to be strengthened. The development of technology finance, green finance, inclusive finance, pension finance, and digital finance has boosted the real economy. Beijing will continue to deepen financial reform and opening up, move faster to build a modern financial system aligned with the functions of a major country’s capital, and welcome global financial institutions, long-term capital, and professional talent to Beijing to develop business and share in the growth dividends.
At the high-level dialogue session, Zhou Xiaochuan exchanged views with Joseph Yam, former Chief Executive of the Hong Kong Monetary Authority, and Richard Clarida, former Vice Chair of the Board of Governors of the U.S. Federal Reserve.
Leaders from relevant central government departments and Beijing Municipal Government also attended the event.
