China National Democratic Construction Association Shanghai Municipal Party Committee Holds the 5th Policy Interpretation Meeting in the Enterprise Support Month, Professor Jun Qian is Present to Help Enterprises Study and Determine the Latest Economic De

Release time：2022-09-07    

The following article comes from Shanghai Democratic Construction authored by Xiuxiu Wang.

Shanghai Democratic Construction

Publicizing the self-construction, function performance and other various work of the Democratic Construction Shanghai Municipal Party Committee, reflecting important activities, historical traditions and membership demeanor so that more people will know about Shanghai Democratic Construction and China's multi-party cooperation system, and displaying the image of the participating party of socialism with Chinese characteristics.

In order to further study and exercise the key directive spirit of General Secretary Jinping Xi, to resolutely implement the decisions and deployments of the Party Central Committee and the State Council, and to focus on both the epidemic prevention and control and the economic and social development, the Democratic Construction Shanghai Municipal Party Committee determined May as the support month to back and help member enterprises of Democratic Construction with their return to work, production and market. On the afternoon of May 17th 2022, the Democratic Construction Shanghai Municipal Party Committee held the 5th policy interpretation meeting in the enterprise support month, aiming to help member enterprises better study and determine the latest economic development trend, avoid potential operating risks as much as possible, further recognize the tenacity of the Chinese economy, enhance confidence in Shanghai economy and the Chinese economy, and grasp the precious development opportunities after the epidemic. Hanmin Zhou, Vice Chairman of the Central National Democratic Construction Association, Vice Chairman of Shanghai Municipal CPPCC and Chairman of Democratic Construction Shanghai Municipal Party Committee, attended the meeting and gave a speech. Shengyang Wang, Vice Chairman of the Municipal Party Committee, hosted the meeting and the Secretary-general Yongming Shen was also present. Jun Qian, Chairman of Democratic Construction Fudan University Committee, Executive Dean of FISF and Professor in Finance, delivered a lecture entitled “Exchange Rate and Capital Market Trends in the Process of Release Process of New and Old Risks”.

Hanmin Zhou expressed appreciation for Professor Jun Qian’s active response to the activity in the enterprise support month. He pointed out that it is now a time that has witnessed great changes rarely seen in a century, beset with the widespread and recurred epidemic, multiple crises of energy and food and a number of difficulties for economic recovery around the world. China as a key part of the world economy and also a critical driving force for economic globalization, is also vulnerable to the rapid changes in the world and the impact brought by the epidemic. But the harder the time is, the more confident we must keep. In difficult times, we shall not only immerse ourselves in hard work, but also raise our head and look forward at the way, closely following the development of the world economy. To solve the problems once and for all, still we need to be unwaveringly committed to reform and opening up, which is a distinct symbol of modern China that needs to be highlighted more. However big the waves are, we shall just grasp the general direction and strive to make our own contributions to dealing with the great changes in the world.

In Professor Jun Qian’s lecture, he focused on the macroeconomic situation and financial market trends at home and abroad, and made an in-depth analysis on the risks and development opportunities of the financial system in China, combing the development thoughts of the next stage from four aspects of the exchange rate, stock market, bond market and debt problems as well as real estate market. He stated that currently the investment environment in the capital market is subject to the joint influence of three risk factors, including two non-economic risks, the public health and geopolitical crisis, and one economic risk, the release of inflationary pressure. From the perspectives of the spread of COVID-19 and the conflict between Russia and Ukraine, he profoundly interpreted the influence of non-economic factors on the recovery of the global economy. He held that throughout the global macro situation, China’s financial system is relatively stable at present. In the presence of imbalance and uncertainty in the recovery of global economy under effective prevention and control of the epidemic, he recommended that people should correctly understand the risk sector and crisis prevention of the financial system during the recovery process of the Chinese economy. Only in this way can we better seize the development opportunities in the economic and financial system.

Over 260 cadres from relevant departments of Democratic Construction Shanghai Municipal Party Committee and members of Democratic Construction attended the meeting.

The article is reprinted from the official account of “Shanghai Democratic Construction” and edited by FISF.