Chongqing - The Jiangbeizui New Financial Summit, an annual event in the financial calendar, is gearing up for its fourth iteration, scheduled for October 23-24 in Chongqing's Jiangbei District. This two-day summit, themed "Accelerating the Construction of Western Financial Center," aims to serve as an expanded and dynamic platform for essential dialogues in the financial sector.
Chongqing Jiangbeizui Central Business District. (Photo/ Jiangbei District)
This year, the summit places an emphasis on the Chengdu-Chongqing economic circle. It centers its discussions on constructing the New International Land-Sea Trade Corridor (ILSTC) and the Western Financial Center. These conversations aim to bolster Chongqing Jiangbei District's status as the core area for the Western Financial Center, thereby increasing its appeal, influence, and cohesion.
Co-constructed by Chongqing Jiangbei District and the Chengdu Hi-tech Industrial Development Zone, the Western Financial Center will also be a subject of focus at the summit. Launching the Jiangbeizui financial development index is another highlight, offering an analytical perspective into Jiangbei District's economic growth.
Among the esteemed guests are Xiao Gang, former Chairman of the China Securities Regulatory Commission; Erik Solheim, former Under-Secretary-General of the United Nations and President of the Green Belt and Road Institute; Li Yang, Chairman of the National Institution for Finance & Development; and Li Daokui, Mansfield Freeman Chair Professor of the Department of Finance at the School of Economics and Management of Tsinghua University. Their involvement guarantees the summit will yield meaningful dialogues and open avenues for innovative collaborations.
The summit offers a rich array of events, including closed-door seminars, plenary sessions, round-table dialogues, and three parallel sub-forums. It serves as a high-level platform for dialogue, fostering relationships among local governments, financial regulators, institutions, and esteemed scholars within the financial community.
The view from Jiangbeizui. (Photo/ Jiangbei District)
In a related development, a key strategic cooperation agreement for the joint construction of the Western Financial Center was signed between the Chongqing Municipal People's Government and China's leading financial institutions in Beijing on August 30.
The Jiangbei District has positioned itself as the financial nucleus of Chongqing, hosting distinguished domestic and international financial institutions. Notable names include Nanyang Commercial Bank, Shanghai Securities Co., Ltd., and Ruihua Health Assurance.
Moreover, the district elevates its financial importance through two pivotal projects: a specialized Western financial and legal services center and the Jiangbeizui Financial Center, which is currently under construction.
At present, the financial sector serves as the cornerstone of Jiangbei District's economy, contributing 24% to its gross regional product. Financial assets in the district have surpassed 3.5 trillion yuan (480 billion U.S. dollars), making up nearly half of the city's total financial assets.
The aerial view of Jiangbeizui. (Photo/ Jiangbei District)