On September 23, Liaoning University and Research Press (China Publishing Group) co-hosted the “Toward the 15th Five-Year Plan: Building China into a Financial Powerhouse” forum and launched The Road to a Financial Powerhouse at LNU’s Puhe Campus. Experts, scholars, and industry professionals from across China, together with LNU faculty and student representatives, gathered for the launch and discussed theoretical innovation and practical pathways for building China into a financial powerhouse during the 15th Five-Year Plan.

       At the book launch ceremony, Qiu Huanguang, Secretary of the CPC Committee of Liaoning University, delivered welcome remarks. He paid tribute to Professor Bai Qinxian and his team and warmly congratulated them on the publication of The Road to a Financial Powerhouse. He also introduced Liaoning University’s academic foundation in finance and highlighted the scholarly achievements of Professor Bai, a senior financial scholar and educator. As an interim outcome of a Major Project funded by the National Social Science Fund of China, the book provides a solid theoretical foundation and practical reference for exploring a path toward building China into a financial powerhouse with Chinese characteristics.

Chen Jianjun, President of Research Press (China Publishing Group), delivered remarks on behalf of the publisher. She noted that The Road to a Financial Powerhouse responds to major national strategic needs and represents an important scholarly work that integrates financial theory with China’s practical experience. Research Press will continue to advance academic publishing and serve national strategies, while seeking to deepen cooperation with Liaoning University and produce more high-quality, landmark publications.

       Ding Zhongming, Vice Chair of the Ministry of Education’s Steering Committee for Finance Programs, noted in his remarks that The Road to a Financial Powerhouse is structured around “theoretical logic, strategic choices, and frontier exploration.” Drawing on the perspective of the Financial Resource School, the book systematically addresses key theoretical and practical questions in building China into a financial powerhouse, examines critical issues such as financial sovereignty in depth, and reflects efforts to advance innovation in financial theory through China’s practical experience.

       The book launch ceremony was chaired by Lu Hui, Vice President of Liaoning University.

       Tan Xiaolong, the editor responsible for the book at Research Press (China Publishing Group), introduced The Road to a Financial Powerhouse.

       Professor Bai Qinxian, a renowned senior financial scholar and educator who pioneered China’s policy-based finance theory and discipline, spoke for the authors. He reviewed his academic and practical career. Having experienced reform and opening up firsthand, he moved from self-study in international relations to financial research, took part in pilot reforms on shareholding systems and corporate bankruptcy, and helped align degree education with national development. He summarized his team’s 30 years of research on building a financial powerhouse. After the Central Financial Work Conference, the team began writing two books based on this long-term research. He thanked his team and the publisher.

       

       At the launch event, Zhao Yi, former Deputy Secretary of the CPC Committee of Taiyuan Normal University, read congratulatory letters from the Xiamen Zhang Yichun Education Development Foundation and the Mindu Tan Kah Kee Foundation. Liu Wei, Secretary of the CPC Committee of Liaoning University’s School of Finance and Trade, read letters from Lingnan College of Sun Yat-sen University and the Southern Institute of Finance at Jinan University. Zhufu Haiying, Dean of the College of Finance and Economics at Shandong University of Science and Technology, read a congratulatory letter from Professors Zheng Zhenlong and Zhu Mengnan of Xiamen University and Yuan Zhao, a student of Professor Bai Qinxian. The senders congratulated the team on the book’s publication and extended their sincere best wishes to Professor Bai.

       At the launch, university and publishing representatives jointly unveiled The Road to a Financial Powerhouse, officially introducing the book to readers.

After the book launch, the forum moved to the keynote speech session, chaired by Huo Weidong, Deputy Director of the Faculty of Economics at Liaoning University.

       Zhang Wanqiang, Vice President of the Liaoning Academy of Social Sciences, delivered a speech titled “Financial Innovation and Revitalization of Northeast China in the New Era.” Drawing on economic and financial development in Northeast China, particularly Liaoning, he analyzed the opportunities and challenges facing financial support for the region’s comprehensive revitalization.

       Ding Yibing, Dean of the School of Economics at Jilin University, examined new conditions, needs, and pathways for the international use of the renminbi (RMB). He noted that changes in the international environment and in the structure of China’s external economic ties are continually expanding the functions and demand for the RMB’s international use.

       Zeng Gang, Executive Director of the Financial Information Center at Renmin University of China, spoke on building “a strong central bank.” He said that building China into a financial powerhouse requires taking account of the current stage of China’s economic and financial development and further improving the modern central banking system, with particular attention to the monetary policy and macroprudential policy framework and financial services for the real economy.

       The third session of keynote speeches was chaired by Dong Baomin, Deputy Director of the Faculty of Economics at Liaoning University.

       Yu Zhonghua, Professor in the Department of Finance at Dongbei University of Finance and Economics; You Yu, Deputy Director of the Li Anmin Institute of Economic Research at Liaoning University; Chen Ruoyu, Deputy Dean of the School of Finance at Anhui University of Finance and Economics; Lin Chun, Associate Professor at Liaoning University’s School of Finance and Trade; and Ning Xueping, Dean of the Shanghai Institute for Science and Technology Innovation and Open Economy Strategy at Shanghai University of International Business and Economics, delivered presentations on “The Moral Principles of Scholarship,” “The Supply of Safe RMB Assets and RMB Internationalization,” “Rethinking Research on Building a Financial Powerhouse Through the Lens of the ‘New Resource School,’” “Building a Financial Powerhouse: Bridging the ‘Last Mile’ in Inclusive Financial Services,” and “Shanghai’s Practice in Implementing General Secretary Xi Jinping’s Important Expositions on Technology Finance,” respectively.

This forum and book launch brought together participants from government, industry, academia, and research institutions to discuss the theoretical framework and practical pathways for building China into a financial powerhouse, using the publication of The Road to a Financial Powerhouse as an opportunity. The event showcased the Financial Resource School’s long-standing research and helped build academic consensus and broaden practical approaches to high-quality financial development during the 15th Five-Year Plan period, providing intellectual impetus for building China into a financial powerhouse with Chinese characteristics.

 

Translated by: Tan Ruomeng

Edited by: Gao Mengdi, Liu Hanlin

Proofread by: Li Zhibin

Reviewed by: Jin Jinghua