国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Officials, experts discuss wealth management in Qingdao

By Xie Chuanjiao and Hu Qing (chinadaily.com.cn) Updated: 2016-06-06 13:53

Officials, experts discuss wealth management in Qingdao

Officials and experts from home and abroad discuss wealth management during the 2016 China Wealth Forum, which was held in Qingdao, East China's Shandong province, from Friday to Sunday [Photo by Hu Qing/chinadaily.com.cn]

The global economy's booming wealth management sector was one of the main topics during the 2016 China Wealth Forum, held from Friday to Sunday in Qingdao, East China's Shandong province.

With the theme "Trends in Wealth Management from a Global Perspective", the event attracted high-profile government officials, financial experts and scholars from home and abroad.

Guo Shuqing, Governor of Shandong province, said the development of the wealth management sector, by transforming private savings into effective investment, was a way to optimize industry construction, improve market supply quality and enhance people’s earnings.

"Wealth management in China caters to all the people and all-level governments should be responsible for maintaining financial stability," he said.

China's wealth management sector has been in full swing in recent years, but it still lags behind that in developed countries.

Randall Scott Kroszner, a former member of President George W. Bush's Council of Economic Advisors, told media it would be very valuable to build a robust wealth management sector that had many different types of players in it. He says it will be able to harness the savings of the people in the region, as well as throughout the country, to then be used for product investment.

The 2016 China Wealth Forum was hosted by the Qingdao Municipal Government. Qingdao is building China's only national-level wealth management financial pilot zone, which was approved by the State Council in February 2014.

In the past two years, financial reforms have spurred rapid profit growth in the financial industry. Now, the coastal city is on track to become a wealth management financial hub.

"We are committed to build the forum into a prospective and authoritative platform for global exchanges in wealth management, while delivering Chinese voices in wealth management sector," Qingdao Party Chief Li Qun said.

Li says, this year, Qingdao will try harder to integrate advanced experiences home and abroad into Qingdao practice. He says this will foster more institutions to specialize in financial and wealth management innovation, as well as wealth management product research and development.

Statistics show profits generated from the financial sector grew by 16.3 percent, annually, during the 12th Five-Year Plan – much faster than the GDP growth rate.

By the end of 2015, 221 financial institutions were operating in Qingdao – 1.5 times the number in 2010. The number of financial enterprises, such as foundation companies, reached 500 – 2.5 times that in 2010.

Alexis Calla, global head of Investment Strategy, Advisory and Discretionary of at the Standard Charted Bank, said it was necessary to absorb products from overseas, not just in China, to teach people about choice and broader opportunities.

He says financial tools are also needed to balance the opportunities and the risk.

Hot Topics

Editor's Picks
...
西丰县| 安溪县| 滕州市| 醴陵市| 宜章县| 临清市| 古田县| 林西县| 玛曲县| 合江县| 巢湖市| 霍林郭勒市| 五指山市| 封丘县| 郑州市| 陈巴尔虎旗| 津南区| 广南县| 桓台县| 通辽市| 米脂县| 上蔡县| 晋城| 龙陵县| 沙洋县| 冀州市| 美姑县| 平湖市| 玉门市| 芜湖市| 镇坪县| 黄浦区| 咸阳市| 濉溪县| 乃东县| 铜山县| 博罗县| 高清| 团风县| 彭阳县| 抚顺市|