Hou Shoufa-China’s financial industry needs to introduce higher-level foreign institutions to promote development

Hou Shoufa: China’s financial industry needs to introduce higher-level foreign institutions to promote development

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Hou Shoufa, Chairman of Guorong Securities Co., Ltd. Sina Finance News January 11, 2020, a national capital co-sponsored by China Capital Market Research Institute of Renmin University of China, Guorong Securities Co., Ltd., and Chongyang Institute of Finance of Renmin University of ChinaMarket Annual Conference-The 24th China Capital Market Forum in Beijing Antiques.

Hou Shoufa, Chairman of Guorong Securities Co., Ltd. attended and delivered a speech. He believed that China’s financial industry needs to introduce higher-level foreign institutions, talents and management experience to promote the development of transformation.

This will not only help Chinese consumers choose better financial services, but also redefine standards and mechanisms, gradually advance the domestic financial industry to improve its international competitiveness, and promote the long-term development of the financial industry.

The following is a first-level record: In the great historical process, China’s financial industry opened wider, forged ahead, and moved forward vigorously, which strongly supported China’s economic development and the country’s prosperity.

But the road to financial openness is not a one-off.

The 2019 just passed is bound to be an extraordinary year in China’s financial opening history.

During this year, the world faced instability, uncertainty, and gradually encountered unprecedented challenges.

At this sensitive time, China announced that it would push financial opening to new levels and heights, and to show the world’s determination to continuously open up to the world. It also underscores China’s drive to build an open economy and build a community of shared future for mankind.And bear!

This is also in exchange for a wider space for Chinese enterprises and capital to go global.

At present, China’s financial liberalization is an irreversible trend of the times. Financial supply-side reform requires a higher degree of financial liberalization to deepen, and China’s economic growth and development requires a higher level of financial liberalization to promote it!

In 2020, standing on a new journey and a new starting point, we are gathered here to discuss the theme of “China’s financial opening and capital market development”, which has far-reaching significance of the times.

  At present, China’s financial industry already has the strength to meet international competition.

The entry of excellent foreign institutions will definitely bring competitive pressure to the domestic financial industry.

In turn, it will also inspire us to overcome difficulties, learn to forge ahead, and achieve transcendence!

China’s financial openness will be a race and a challenge to China and the world.

China’s financial industry needs to introduce higher-level foreign institutions, talents and management experience to promote the development of change.

This will not only help Chinese consumers choose better financial services, but also redefine standards and mechanisms, gradually advance the domestic financial industry to improve its international competitiveness, and promote the long-term development of the financial industry.

  As an important organic component of the 成都桑拿网 financial industry, the capital market will shoulder the new mission entrusted by history.

Today, China’s capital market is going global with a more open attitude, embracing global financial markets, and becoming more and more vibrant!

The world’s major indexes have successively increased the weight of A shares, which is an important step for China’s capital market to become international!

In the foreseeable future, our market size will continue to grow, market integration will become closer, resource allocation will be more effective, and the construction of a multi-level capital market will be accelerated.

We will see a more standardized, legalized, marketized and internationalized Chinese capital market.

  ”Those who do not seek forever will not be able to seek for a while; those who do not seek strategy will not be able to find a domain.”

We need to understand the bright prospects of China’s capital market in a deeper way, and to strengthen our confidence in China’s capital market and A-shares with a future-oriented and vertical orientation.

As the core participants in the capital market, securities companies naturally carry the social function of resource allocation.

Therefore, our Guorong Securities will seize the potential of the times, take the courage to be the first, and use innovation and quality as the driving force to absorb the core capabilities of excellent institutions in product development, investment management, risk control, asset allocation, global services, etc, Forge ahead, make breakthroughs in transformation, and create professional boutique brokerages.

Guorong Securities and its holding fund companies, futures companies, and direct investment companies will strive to contribute their strengths in serving the real economy, optimizing resource allocation, and supplementing social responsibility!

  Dear leaders, guests!

  In 2020, China will start a new chapter in the full opening of the financial industry.

We firmly believe that the general direction of the world’s integrated development has not changed and will not change.

Achieving the expected development of the financial industry has always been the common aspiration of colleagues in developing countries, and reform and opening up in the financial sector is the engine of development.

It is hoped that the guests and representatives at the conference will exchange in depth, integrate ideas, collide wisdom, and build consensus in the next forum activities, and jointly promote China’s financial opening up and alternative development of the capital market!

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