On the afternoon of May 29, Wu Xiaoqiu, a national first-level professor, Changjiang Distinguished Professor of the Ministry of Education, and former Vice President of Renmin University of China, delivered a keynote report titled “Financial Powerhouse and Capital Market Reform” at the Beijing Digital Economy Seminar. The seminar took place in the Lecture Hall of the Boxue Building. Present at the seminar were President Wu Weixing, Deputy Party Secretary of CUEB, along with other members of the Standing Committee of the Party Committee, and Vice Presidents Yin Zhichao, Chen Yanbin, and Li Kunpeng. The seminar was chaired by President Wu.

At the beginning, Wu Xiaoqiu acknowledged the influence and recent achievements of CUEB, expressing a desire for more interaction with CUEB’s faculty and students in the future. Centering around the theme, Wu elaborated on the following three parts: the concept of a financial powerhouse, strategies for its realization, and the development of the capital market. Wu stated that building a financial powerhouse is rewarding yet challenging, which requires adherence to the general principles of marketization, legalization, and internationalization, while following the socialist market economy with Chinese characteristics unswervingly. He emphasized that the construction of a financial powerhouse rests on “two pillars”: enhancing the internationalization and liberalization of CNY, and creating an open and transparent capital market. Moreover, he underlined that a modern financial system relies on a transparent and vigorous capital market, with the accelerated reform and transformation being essential to its development.

In the concluding session, President Wu expressed sincere gratitude to Professor Wu Xiaoqiu for delivering such a profound and enlightening academic report. He emphasized Professor Wu’s pioneering contributions to the theory and practice of China’s capital market, noting his in-depth research on financial structure, risk regulation, internet finance, and personnel cultivation. His achievements have provided valuable intellectual resources for China’s economic reforms and development. He praised Professor Wu for his comprehensive understanding of the financial system and his attention to the needs of small and micro enterprises as well as lower income groups. He expressed admirations for Wu’s outstanding academic contribution, and sincere devotion to the nation, looking forward to his return to CUEB to deliver more academic insights to the faculty and students.

More about Professor Wu Xiaoqiu: Wu is a renowned Chinese financial economist, one of the first batch of national first-level professors in Philosophy of the Social Sciences. He holds the title of Changjiang Distinguished Professor of the Ministry of Education, and serves as the convener of the Applied Economics group within the Academic Degrees Committee of the State Council. Formerly the Vice President of Renmin University of China, Professor Wu now currently directs the National Academy of Financial Research at Renmin University, the Research Institute of Capital Market, and the Institute for Global Cooperation and Understanding of Peking University. He is also the First Vice Chairman of the National Supervisory Committee for Professional Degree in Finance, the Vice Chairman of the National Supervisory Committee for Finance (Undergraduate) Education, and the Vice Chairman of the Chinese Professional Degree Case Expert Advisory Committee. With over 30 years dedicated to financial research, Professor Wu is a key pioneer in China’s financial theory and a foundational figure in the research, teaching, and textbook development of Chinese securities.