Introduction
From October 27 to 28, 2021, the 18th Sino-US Symposium on "Building a Financial System for the 21st Century", co-sponsored by the China Development Research Foundation and the Center for the International Financial System of Harvard Law School, was successfully held. The conference adopted a combination of online and offline methods to carry out discussions. Bai Hong, founding secretary general of the Social Value Investment Alliance and CEO of Menglang, participated in theme sharing and panel discussion through online video conference.
The seminar explored the current changes and hot spots in the economic and financial markets of China and the United States from the perspectives of ESG investment, digital currency and technological innovation, and Sino-US economic relations and financial industry.
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More than 170 experts and scholars from regulatory authorities, financial enterprises and academic institutions of the two countries attended the seminar.
Long Guoqiang, deputy director of the Development Research Center of the State Council, Xiao Gang, member of the National Committee of the Chinese People's Political Consultative Conference and former chairman of the China Securities Regulatory Commission, and Liu Jun, president of the Bank of Communications, attended the meeting and delivered speeches. Liu Fushou, Chief Risk Officer of China Banking and Insurance Regulatory Commission, Jiao Jinhong, Chief Lawyer and Director of Legal Department of China Securities Regulatory Commission, Zhou Chengjun, Director of Financial Research Institute of Chinese Min bank, and other leaders of financial regulatory departments participated in the discussion. Lawrence Summers, Honorary President of Harvard University and former Secretary of the U.S. Treasury, and Wei Sun, a member of the Morgan Stanley Management Board and CEO of Morgan Stanley China, attended and delivered speeches.
The Chinese and American professionals who participated in the discussion were:
Huang Zhaohui, CEO of China International Capital Corporation
Huang Yiping, Director of the Digital Finance Research Center of Peking University
Qian Jun, Executive Dean of Oceanwide School of International Finance, Fudan University
Bai Hong, Founding Secretary General of the Social Value Investment Alliance
Chief Legal Officer of Castle Securities and former Chairman of the Commodity Futures Trading Commission Heath Tarbert
President and CEO of the Securities and Financial Markets Association of America, Ken Bentson
Jordan Bright, Senior Advisor to the U.S. Treasury Department's Office of Finance
Andrea Blackman, Managing Director and Global Head of ESG Solutions at Moody's Inc
Rick Lakay, Global Chief Investment Officer, State Street
Li Shimin, Partner, Financial Services Leader, KPMG Asia Pacific
Debbie Tonis, Managing Director and Head of Regulatory Affairs at JPMorgan Chase & Co. Corporate & Investment Banking
Nick Radi, Senior Fellow, Peterson Institute for International Economics
……
Ms. Bai Hong delivered a case study at the keynote speech on "The Significance of ESG Investment in China and the Us-China Financial Markets and The Response to Climate Change". She believes Chinese investment is moving forward. In order to promote the development of sustainable finance in China, we have been committed to providing integrated solutions for sustainable value services and developing financial instruments to shift capital from the traditional investment focus on profits to ESG investment and sustainable development goal investment.
Ms. Bai Hong pointed out that 5 years ago, when we had a dialogue with the leaders of VCs, PE and mutual funds, we could hear a lot of negative feedback and misunderstandings, and the development has now improved, because most investment institutions, including banks, insurance companies, fund companies, etc., are focusing on sustainable investment. Whether it's PE or pensions and so on, they are thinking about how to build ESG solutions in the financial sector to achieve the SDGs (United Nations Sustainable Development Goals).
In order to facilitate investors to comprehensively analyze and measure the value of the sustainable development goals and help investors anchor high-quality investment targets with sustainable development capabilities, the Social Investment Alliance has organized more than 300 experts at home and abroad, including capital markets, NGOs, universities, etc., to jointly publish and publish the sustainable development value ranking after 18 months of in-depth research. At the top of the list are all A-share companies with large market capitalizations, but they are also companies that perform well in sustainable development.
Ms. Bai Hong said that nowadays, the list of sustainable development values of the Social Investment Alliance has been recognized and praised by many investment institutions and fund managers. They agreed that there was a positive correlation between the performance of the company's stock and the sustainability contributions they made. Therefore, from the perspective of investors, the sustainable development value ranking is a very good choice reference. This means that if investors have ESG indicators, they can link them to the unsourced sustainable development goals, the ambitious blueprint for the SDGs, to gauge how well the institution is performing on the stock market.
In conjunction with policy research institutions such as the Shenzhen Stock Exchange and the China Stock Exchange, the Social Investment Alliance researches and develops a sustainable development value assessment model. Through the sustainable development value evaluation model, the sustainable value score of A-share listed companies is carried out, and 100 listed companies with higher sustainable development value scores are selected from the constituent stocks of the CSI 300 Index, and the CSI Sustainable Development 100 Index is compiled to better discover the intrinsic value law of sustainable development of enterprises. Zeng and the head fund company launched China's first sustainable development theme ETF, which was listed and traded on February 20, 2020, focusing on ESG and SDG goals.
At the end of the meeting, Ms. Bai Hong also joined the panel discussion to discuss the trends and hot issues in the international financial field, the Economic and Financial Circles of China and the United States, and offered suggestions and suggestions.
It is reported that the Sino-US financial seminar has been held in China and the United States for 18 sessions in turn since 2004, and professionals from the financial circles of the two countries have made suggestions and suggestions through the seminar, and have become an important platform for regular direct exchanges between the Financial Circles of China and the United States.
Bai Hong, Founding Secretary-General of the Social Investment Alliance, attended the 18th Sino-US Seminar on "Building a Financial System in the 21st Century"