The 5th CFA Institute China Financial Talent Summit, part of the 10th China (Guangzhou) International Finance Expo activities, was held on September 19.
The 5th CFA Institute China Financial Talent Summit (Photo: CFA Institute)
China (Guangzhou) International Finance Expo is one of the most important forum summits in China and aims at offering a platform for financial professionals all over China to communicate and reach more cooperation. A total of 65 projects of combining industry and finance, involving 1017.014 billion yuan, were signed in this Expo, hitting a record high.
Being themed by “Cultivating Inter-disciplinary Talents”, professionals, scholars from financial sector and representatives from government discussed how to build a system beneficial for inter-disciplinary talents development and seize opportunities brought by financial opening-up, green financial cooperation and innovation in financial service in the Greater Bay Area(GBA) at this summit.
Zhang Yi at speech (Photo: CFA Institute)
“We believe that the development of financial sector in Guangzhou is very promising and more high-level financial talents are needed here.” Zhang Yi, Manager of CFA Institute in China, shared his viewpoint on the overall financial environment in GBA and how to attract more global talents as well as foreign investment at the interview with GDToday.
“As one of the core engines of GBA development, Guangzhou has been making efforts to build financial center and GBA international financial hub. Guangzhou is playing an increasingly critical role in nurturing and attracting financial talents with global visions. The wrapping up of this summit indicates that the financial talent pool Guangzhou has been devoted to is more and more attractive for international financial institutions,” Zhang said.
According to the Global Financial Center Index 29 (GFCI 29) jointly launched by Z/Yen Group Limited in London and China Development Institute (Shenzhen) in March of this year, Hongkong ranked 4, Shenzhen 8 and Guangzhou 22 among financial centers all over the world.
Zhang stressed, “Hong Kong is a very important international financial center, and other two major cities in GBA are also highly rated in GFCI 29. This means if GBA cities can achieve higher-level integration and combine their advantages, chances are that GBA could be a major financial center in Asia-Pacific region.”
The plan to build the Guangdong-Macao In-depth Cooperation Zone and the plan to further develop the Shenzhen-Hong Kong Modern Service Industry Cooperation Zone put up a lot of reform and opening up policies in financial sector, including regulation convergence, mechanism links and service integration and more.
“The unveiling of these two plans is a very concrete practice of deepening financial reform and opening up in GBA. And removing barriers of qualification identity for talents in these two plans matters a lot. Because a huge talent pool is a necessity in boosting the development of a financial center servicing for Asia-Pacific region and even the whole world,” Zhang explained.
This summit is hosted by CFA Institute and Guangzhou Finance Professionals Association under the guidance of Guangzhou Municipal Financial Supervisory Authority.
Reporter | Rofel
Editor | Olivia, Jasmine