Guangdong Research Institute for Financial Development held the opening ceremony at Guangzhou International Financial Center on July 16. This research institute will build the financial research platform and the non-governmental think tank and hold the “International Financial Forum” on a regular basis to expand influence of the financial industry of Guangdong Province.

 

Wu Yimin, the first president of the research institute, said that it is a non-profit non-governmental organization engaging in innovative research in the financial theories, financial products and financial markets, with members from all kinds of financial institutions and analogous financial institutions, universities, research institutes, enterprises and undertakings of Guangdong Province.

 

The vice president members of the first session include: Ping An Insurance, GF Securities, China Merchants Bank, China Guangfa Bank, Guangdong Rural Credit Union, EFunds Management, GAC Group, Baoneng Group, and Guangdong Plastics Exchange. Zhu Yunfan works as secretary general of the research institute.

 

The statistics show that by the end of 2015, the total assets of Guangdong’s financial industry reached RMB23 trillion, ranking the first place in China, accounting for more than 10% of the total of the same period of China. The establishment of the research institute will build a financial research platform across the financial circle, business community and academic world, enhancing equal communications and practical cooperation among members so as to promote the financial innovation and industrial upgrade.

 

Source: Translated from Invest Guangzhou, July 18, 2016