From August 31 to September 5, 2022, the 2022 China International Fair for Trade in Services (CIFTIS), co-organized by the Ministry of Commerce and the Beijing Municipal People’s Government, was held at the China National Convention Center and Shougang Park.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t During this event, Federation of International Financial Centers and International Innovation Centers<\/strong>, National Academy of Development and Strategy of Renmin University of China<\/strong>, Tsinghua University PBC School of Finance<\/strong>, China Overseas Development Association<\/strong>, China Association for the Promotion of Development Financing<\/strong><\/span>, and China Innovation Finance Institute<\/strong> <\/span>hosted three special international forums: Global Sovereign Wealth Fund Forum<\/strong>, China-Europe Innovation Investment Conference<\/strong><\/span>, and China-Gulf Innovation Investment Conference<\/strong><\/span>, in partnership with Beijing Chaoyang District Government<\/strong>.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The three forums focused on major themes on sovereign wealth management, as well as cross-border innovation investment and financial service cooperation in the Middle East and Europe, regions with strong economic ties to China. The forum covered more than ten topics on financial services, innovation investment, innovation finance, sustainable finance, inclusive finance, digital finance, energy finance, sovereign wealth management, International Financial Center and International Innovation Center, etc. Speakers discussed the medium and long-term cooperation opportunities in these areas. The forum invited more than 80 speakers representing over 20 countries and 50 institutions, including officials, ambassadors, business leaders and scholars to attend. Discussions are conducted based on multilateral and global perspectives around development trends, opportunities and challenges, best practices and solutions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t With the spirits of “Invest for a Sustainable & Inclusive Future”<\/em>, Global Sovereign Wealth Fund Forum<\/strong><\/span> focused on the global asset allocation of sovereign wealth funds (SWF); in particular, on key issues such as SWF, asset allocation to emerging market, liquidity management, climate mitigation investment management and risk management. A number of experts from SWFs, AMCs and policy sphere attended the conversations. The forum, which made its debut at CIFTIS, focused on China’s investment opportunities and openness, providing a platform for global sovereign institutional investors and asset managers to gain an in-depth understanding of China’s medium and long-term development dynamics and potential, especially how sustainable investment can drive China’s inclusive economic growth and overall high-quality development, and to exchange and cooperate with each other.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The China-Europe Innovation Investment Conference<\/strong><\/span>, with the spirits of “China-Europe Partnership: Shape an Innovative and Sustainable Future”<\/em>, made in-depth discussion on China-Europe economic, trade and investment cooperation, sustainable and climate change investment, digital finance and financial inclusion to empower the development of financial services. The Forum invited leading speakers from financial regulators, financial and innovation enterprises, international organizations, think tanks, and embassies in China to discuss experiences and practices. The experts at the conference contended that the prospect of China-Europe economic cooperation relies upon the promotion of extensive cooperation in innovation industry and financial service industry on the basis of China-Europe service trade; both Chinese and European enterprises will continue to emerge numerous business opportunities in the field of innovation economy and financial services. Especially in new technology fields like environmental protection, service trade, artificial intelligence, life science, and digital economy of China and Europe, it arrives at the agreement that finance is bringing new impetus to their respective economic growth. China and Europe have complementary advantages in industry, capital, market, and talents, a deep and extensive tradition of cooperation, and continue to champion open and multilateral cooperation, with highly promising prospects.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The China-Gulf Innovation Investment Conference<\/strong><\/span>, with the spirits of “China- Arab Partnership: \u00a0Shape an Innovative and Sustainable Future\u201d<\/em>, brought together representatives from the Gulf Cooperation Council (GCC) countries and speakers of their neighboring Central Asia and MENA regions to discuss medium and long-term cooperation in key areas with senior Chinese experts. Sino-Arab economic investments, in addition to continued robust infrastructure and energy cooperation, sparked discussions among the guests, including topics on the digital economy, digital finance, climate change investments, financial technology, wealth management, medicine and health, high-end manufacturing, artificial intelligence, new energy, and many other emerging areas. The participants widely exchanged practices and suggestions around questions: how the Gulf countries better invest in China, how to participate in the development of China’s key regions and thus share China’s long-term development dividend, how Chinese innovation enterprises can leverage the Gulf countries to explore the blue ocean of EMNA markets, and how both sides can enhance the financial services and investment and financing services along the Belt and Road Initiative. In particular, they exchanged in-depth views on the hot areas of green economy transformation, innovation economy development, and open economy cooperation, which are common concerns and responsibilities of China and Arab.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The International Finance and Innovation Centers Joint Exhibition<\/strong><\/span> (Joint Exhibition) advocates \u201cFinance Empowers Sustainable Innovation, Investment Advances Inclusive Growth\u201d <\/em>this year, invited over 50 representative institutions from 15 leading international financial and innovation centers<\/strong> in over 20 countries and regions in Europe, Middle East and Asia Pacific<\/strong><\/span> to participate. Invited institutions showcased best practices in financial services, innovation investment, science and innovation industry, cross-border investment and financing around innovation, financial and innovation infrastructure, sustainable finance, development finance, innovation finance, Fintech & Regtech, wealth management, etc. With a stronger regional representation, greater industrial impact, and more diversified institutions, the Joint Exhibition covered a wide range of international organizations, government and regulatory authorities, embassies in China, professional associations, and leading financial and innovation companies. More than 50 institutions, including City of London, Abu Dhabi Global Market, Astana International Financial Center, World Federation of Exchanges, Embassy of Luxembourg in China, Embassy of Switzerland in China, Embassy of the UAE in China, Embassy of the Kingdom of Bahrain in China, Embassy of Hungary in China and the Central Bank of Hungary, ICES, Hong Kong Stock Exchange, Luxembourg Stock Exchange, Astana International Exchange, MOX Macau and several sovereign wealth funds participated.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t On the forums and Achievement Release event, a number of milestone projects are delivered, including report launch, cooperation platform launch, and MOU singing ceremony.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Former Governor of the Bank of England<\/p> Alan Greenspan Professor of Economics and Professor of Law at New York University<\/p> Emeritus Professor of Economics at the London School of Economics<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Vice President, Asian Infrastructure Investment Bank (AIIB)<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Ambassador,\u00a0Embassy of Luxembourg to China, Mongolia and Pakistan<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Ambassador of the United Arab Emirates to the People’s Republic of China<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Ambassador of the Kingdom of Bahrain to the People’s Republic of China<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Minister-Counsellor, British Embassy to China<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Counsellor, Head of Economic, Financial and Commercial Section a.i. Embassy of Switzerland in China<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Minister of Financial Affairs, Embassy of Hungary to China<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t![\"\"](\"https:\/\/cdifi.org.cn\/wp-content\/uploads\/2022\/10\/640.jpg\")
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