Pan Yue, vice president of CIS, delivers a speech at the opening ceremony. [Photo provided to chinadaily.com.cn]

Central Institute of Socialism, the official institute co-founded by the eight democratic parties of China to do relevant studies, launched its first thinktank on Wednesday.

Pan Yue, vice president of CIS who is also in charge of its daily affairs, introduced the newly founded thinktank to media outlets at the opening ceremony.

According to Pan, cooperation with various political forces is a fundamental principle, as well as political wisdom, of the Communist Party of China in governing China. It is according to this principle that different political forces in China practiced democracy and cooperated with each other in the nation's governance.

However, the theoretical research about it is still far from sufficient. Especially as China is going global and trying to make its value understood by the rest of the world, such political wisdom deserves more attention. so they founded the thinktank to do special research.

The new thinktank has a quite a wide platform. Being co-founded by the democratic political parties of China, the CIS has the advantages of staying in touch with a large number of domestic scholars, as well as overseas ethnic Chinese scholars. And it could mobilize the political influences of all the eight democratic parties, as well as the senior scholars and researchers as their members.

Shao Hong, vice president of the Sept 3rd Society, one of the eight democratic political parties of China, said that his party is willing to contribute to the study because it helps both the CPC and the eight parties better cooperate with each other.

Jiang Shigong, a professor of law from Peking University, praised the thinktank. "We are very optimistic about its future and we plan to work together with it," he said.

The thinktank's first research programs include: collaborative democracy research, the study of the sense of community in the Chinese nation, and the study of social organizations' role in social governance. These projects are essential to China's development and stability.

All these programs have already started and groups of scholars are now working on them. "Hope the first research projects can mark a good start," said Jiang in conclusion.