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Xiangjiang Financial Development Summit 2018 Opens in Changsha

Updated: 2018-09-12

On September 10, the Opening Ceremony of the Xiangjiang Financial Development Summit 2018 was held in Changsha. The theme of the summit is “Innovative Finance: Science and Technology Drive Inclusive Finance”. Chiefs, experts and scholars from over 100 financial institutions engaging in financial industry participated in this summit to seek common development. Chen Xiangqun, member of the CPC Hunan Provincial Standing Committee and executive vice governor of Hunan Province, and, Tang Tianbiao, deputy director of the former General Political Department of the Chinese People's Liberation Army attended.

The CPC Hunan Provincial Committee and the People’s Government of Hunan Province have determined that the Hunan Financial Center are planned to be built into a first-class regional one in the world. It will be based in central China; its influence extends to the western China; and it boasts vitality and distinctive characteristics. At present, there are 220 financial institutions located in the center, including banks, securities, insurance and fund institutions. The Xiangjiang Fund Town has managed the fund of over 190 billion CNY. In the next stage, there are four moves to promote the center’s development as follows:
1.Make all efforts to build an inclusive financial center of science and technology;
2.Improve its infrastructure;
3.Introduce more financial institutions; and,
4.Expand and strengthen the fund town.

At the summit, five financial institutions including the Agricultural Bank of China Changsha Branch and Tencent Finance have agreed to locate in Hunan Financial Center.

Translator: Zhang Meng
Chinese source: voc.com.cn