The Macro-Economy and Finance Meeting of 2011 China Merchants Securities Forum was held in Beijing on OCT.28^th. It is the fifth and most important Session of this forum. Mr. Gong Shaolin, the chairman of CMS, gave the opening speech at the meeting.

Board Chairman of CMS, Mr Gong Shaolin made the opening speech

A lot of nationally famous experts and scholars as well as some successful entrepreneurs and capital market professionals presented and gave brilliant speeches and discussions at the forum. They are: Wu Xiaoling, member of the Standing Committee of the National People's Congress and the Deputy Chief of the NPC Finance and Economics Commission, Jia Kang, the Director of the Institute of Financial Science of Ministry of Finance, Chen Dongqi, the Assistant Dean of the Academy of Macroeconomic Research of National Development and Reform Committee, Chen Huai, the Director of Policy Research Center of the Ministry of Housing and Urban-Rural Development, Wang Jian, the Secretary-General of China Macro Economy Association, Song Min, the Director of Centre for China Financial Research of the University of Hong Kong, Ding Anhua, the Vice President of CMS, Luo Yi, the Financial Industry Chief Analyst of CMS, Liu Xiaoguang, the General Manager of Capital Group, Zheng Weihe, the Chairman of Shenzhen Co-Win Venture Capital Investment Limited, and Xu Guangxun, the former NASDAQ Chief Representative in China and Managing Director in Asia.

member of the Standing Committee of the National People's Congress and the Deputy Chief of the NPC Finance and Economics Commission, Ms.Wu Xiaoling

Wu Xiaoling gave a speech titled as Understand the Social Financing Scale and Speed Up the Finance Reform. Wu indicated that concentrating on the shadow banks' behaviors is an important experience and lesson for preventing and reacting against the financial crises while the statistics and guarding of the social financing scale is an important solution for us to keep an eye on shadow banks' activities. The financial trade that deviates much from the real economic activity is highly dangerous, laying big impact on the real economy. For the future financial policy, Wu gave her estimation that China will not ease its monetary policy due to three years' large credit quota and high-speed money supply.

 

      

the Director of the Institute of Financial Science of Ministry of Finance, Mr.Jia Kang

Jia Kang shared his opinions with the audience about China economic trend and social management around the topic of "The Important Issues in the Economic Development and Social Transformation of China". "If the Euro area does not display big fluctuations, the monetary policy will sustain a steady level instead of a frame change”, said Jia.

          

In the Meeting Hall

The guests as also discussed the changing of world economic pattern in the post-crisis era, the role of China in the world economy, the challenge for China in adjusting its economic structure during the implementation of the twelfth five-year plan, the adjustment of China economic policies, the directions for the international new order and China financial reform, the trend of RMB exchange rate, and the impacts of capital account convertibility for the RMB.