{"id":14220,"date":"2022-12-08T16:37:00","date_gmt":"2022-12-08T16:37:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3960414_AE60414_0"},"modified":"2022-12-08T16:37:00","modified_gmt":"2022-12-08T16:37:00","slug":"chinas-dishui-lake-worlds-financial-bay","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=14220","title":{"rendered":"China’s Dishui Lake – World’s Financial Bay"},"content":{"rendered":"
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Dishui Lake Emerging Finance Conference <\/b>Focuses on<\/b> Financial Innovation and Openness<\/b><\/p>\n

SHANGHAI<\/span>, Dec. 9, 2022<\/span> \/PRNewswire\/ — On December 8<\/span>, the Dishui Lake Emerging Finance Conference, themed Financial Innovation and Openness in China’s<\/span> New March to Modernization, took place at the permanent venue for the World Laureates Forum, located on the shore of Dishui Lake in the China<\/span> (Shanghai<\/span>) Pilot Free Trade Zone Lin-gang Special Area. The event highlighted the area’s strengths in artificial intelligence, integrated circuits, intelligent electric vehicles, high-end equipment manufacturing, and other cutting-edge sci-tech industries, and invited leaders from government and financial regulatory authorities, as well as industry experts and leaders. The event reinforces the area’s tagline “China’s<\/span> Dishui Lake – World’s Financial Bay”, with discussions on finance, technology and openness.<\/p>\n

The conference included an opening ceremony, a keynote speech, and three symposia. The symposia focused respectively on financial technology, technology finance, and cross-border finance, and were led by world-renowned experts in the relevant fields, who discussed cutting-edge issues related to and perspectives on the development of new and emerging financial models. Thomas J. Sargent<\/span>, 2011 Nobel Laureate in Economics, Michael Descheneaux<\/span>, President of Silicon Valley Bank, Tommaso Mancini-Griffoli, Division Chief in the Monetary and Capital Markets Department at the International Monetary Fund (IMF), Whitfield Diffie<\/span>, Turing Award winner and one of the pioneers of public key cryptography, and B\u00e9n\u00e9dicte Nolens, head of the Bank for International Settlements (BIS) Innovation Hub Centre Hong Kong, were among the keynote speakers.<\/p>\n

Promoting financial openness and innovative development in every respect is an important strategic move towards the goal of transforming the new area into a special economic functional zone with international influence and competitiveness. To this end, new and emerging financial models will provide a powerful solution for the zone’s efforts in seeking new areas for industrial growth and creating a new ecosystem for financial services.<\/p>\n

Previously, China<\/span> (Shanghai<\/span>) Pilot Free Trade Zone Lin-gang Special Area had proposed what it has referred to as the “1+4” primary goals in its Action Plan for Accelerating the Development of the Emerging Financial Industry. <\/p>\n

The “1” represents an overall goal to transform Dishui Lake Financial Bay into:<\/p>\n