On September 17, the first Global Listed Companies 30 Think Tank Forum, sponsored by the School of Finance of CUEB and Social and Financial Research Center of the School of Social Sciences of Tsinghua University was held at Bank of Beijing.

Scholars from Tsinghua University, Peking University, Shanghai Jiaotong University, Renmin University of China, Xiamen University, University of the Chinese Academy of Sciences, Central University of Finance and Economics, Shanghai University of Finance and Economics, Liaoning University, Capital University of Economics and Business, Beijing Technology and Business University, University of Kent, and industry experts from Bank of Beijing, China Everbright Group, Qi’anxin Technology Group, Baixin Bank, Xiaomi Finance and other institutions gathered together to witness the establishment of the think tank. At the same time, they held in-depth discussions on issues such as the competition and cooperation of the Sino-US-Europe industrial chain for 2035, the governance of global listed companies and the construction of world-class enterprises.

Participants take a group photo.

The opening ceremony was presided over by Wang Yurong, Secretary General of China International Finance 30 Forum (CIF 30). Tu Guangshao, former Executive Vice Mayor of Shanghai Municipal People's Government, advisor of CIF 30 and Chairman of Global Listed Companies 30 Think Tank Forum, delivered a speech. Tu said that listed companies are the most representative group with advanced productivity, and should play a leading role in scientific and technological innovation, green and low-carbon development as well as digital transformation. Facing global changes unseen in a century, systematic research on listed companies is of great significance to promote  China’s high-quality development and enhance the global competitiveness of Chinese enterprises.

Tu Guangshao, Chairman of Global Listed Companies 30 Think Tank Forum, delivers a speech.

Qi Xiangdong, vice chairman of All-China Federation of Industry and Commerce (ACFIC), Party secretary and chairman of Qi’anxin, pointed out that China’s scientific and technological development has entered a stage when strategic opportunities and risks coexist. We can only be sure of a presence in the global market through innovation in science and technology, and self-reliance on essential technologies. We must also have an international vision to improve global management and competitiveness.

Qi Xiangdong, vice chairman of ACFIC, Party secretary and chairman of Qi’anxin, delivers a speech.

Yu Miaojie, president of Liaoning University and academic member of CIF 30, noted in his speech that while many first-class enterprises in China have reached world-class status in some indicators, they still need to put more efforts into innovation, improving product quality and developing new business models, thus accelerating transformation with digital technology. On the other hand, among the existing world-class enterprises and first-class specialized and sophisticated enterprises, state-owned enterprises account for a large share. Thus, how to ensure state-owned enterprises and private businesses have equal rights and interests in all areas while maximizing the ability of state-owned enterprises to innovate and take the lead is a crucial issue.

Yu Miaojie, president of Liaoning University and academic member of CIF 30, delivers a speech.

Huo Xuewen, Party Secretary and Chairman of Bank of Beijing, stated in his address that listed companies are the primary driver of market competition, the prototype of modern enterprise system and the engine for high-quality economic development. To build a modern corporate governance system and a world-class enterprise, we must follow four principles: first, grasp the current trend; second, benchmark first-class enterprises; third, follow an innovation-driven development plan; and fourth, focus on long termism. He further reviewed the development of the bank in light of the principles, and highlighted the efforts and achievements in enhancing its innovation, competitiveness and influence.

Huo Xuewen, Party Secretary and Chairman of Bank of Beijing, delivers a speech.

In his speech, Wang Wenju, Secretary of CUEB Party Committee first expressed a warm welcome on behalf of the organizers. He emphasized that listed companies have continued to expand as a result of the reform of the registration system, setting the pace for the high-quality development trend. The internal and external environment are both undergoing profound changes at the same time, putting great pressure on listed companies to adopt ESG (Environment, Social and Governance) practices for improved quality. These pressures include the new governance challenges brought on by the digital economy, as well as numerous risks associated with the digital transformation.

Wang Wenju, Secretary of CUEB Party Committee, delivers a speech.

The Professionals and academics then participated in the opening ceremony of Global Listed Companies 30 Think Tank Forum.

Leaders unveil Global Listed Companies 30 Think Tank Forum.

In the Round-Table exchange, this forum held in-depth discussions on issues, such as global listing governance and world-class enterprises for 2035, scientific and technological innovation of Chinese listed companies, the “small yard, high fence” of the United States and the globalization strategy of Chinese listed companies. Over 30 experts from the academia and industry engaged in a robust discussion and ideas exchange.

Yin Zhichao, member of the Standing Committee of the CUEB Party Committee and CUEB Vice President, attended the meeting and presided over the first Round-Table Forum. Representatives of teachers and students from the School of Finance attended the meeting.