On November 19th,the Chengdu Financial Week event,jointly hosted by Chengdu Municipal Local Financial Regulation Bureau and Chengdu Hi-tech Industrial Development Zone Administrative Committee,and organized by China Innovation Finance Institute(Chengdu),officially opened in the Chengdu Hi-tech Industrial Development Zone.Guests and representatives from government departments,financial institutions,financial organizations,and research institutions from Luxembourg,Germany,Kazakhstan,Saudi Arabia,Bahrain,Hungary and other countries attended the opening ceremony.

The theme of this Chengdu Financial Week is finance leads innovation,and investment helps inclusive growth.It aims to further enhance the influence and appeal of Chengdu to jointly build a western financial center in Chengdu and Chongqing and enhance the financial service level of the the Belt and Road through a series of targeted keynote speeches,round table discussions,and the release of practical work results.

At the opening ceremony of the same day,international guests such as the Chief Executive of the Astana International Financial Centre,Renat Bekturov,Luxembourg Ambassador to China,Lu Ruilang,Bahrain Ambassador to China,Xie Hu,Vice President of the Hungarian National Bank,Banabas Villag,CEO of the Luxembourg Stock Exchange,Julie Beck,President of Germany Frankfurt Financial Cooperation Association,Andreas Glanze,delivered keynote speeches.They discussed the direction of financial services cooperation along the the Belt and Road around the evolution of the global financial innovation pattern,and discussed the key role of win-win cooperation and financial innovation for sustainable and inclusive growth.

The reporter learned that this financial week event is held in a combination of online and offline methods,with a total activity cycle of over 2 months.It is the first international event organized in the form of a financial week in western China.The Financial Week focuses on the construction of the western financial center and the improvement of the financial service level of the the Belt and Road,carries out financial innovation exchanges,international investment promotion,cross-border investment and financing docking and other activities,and promotes the formation of a number of major investment promotion and cross-border investment and financing achievements.

This Financial Week will hold multiple and diverse sub events,including heavyweight international forums,covering themes such as sovereign wealth funds,Gulf innovation investment,development finance,RMB internationalization cooperation,and the development of international financial centers;the promotion activities of the National Day which will focus on the National Day roadshows in Luxembourg,Germany,Saudi Arabia,Qatar,Singapore,Kazakhstan and other countries to promote in-depth and practical cooperation between the central and western regions and several"the Belt and Road"international financial centers in Europe,the Middle East and Central Asia.

In addition,this Financial Week will also launch Jiaozi annual economic book recommendations and international reading day activities that serve the society and the public;release several in-depth academic research reports such as Beyond Wealth:Research on Global Sovereign Wealth Funds,Sustainable Growth:Research on ESG Investment in the the Belt and Road International Financial Center;invite guests and representatives to conduct in-depth research and cooperation talks with governments and enterprises,promoting more innovative ideas and financial technology achievements to be exchanged globally,and jointly promoting cross-border cooperation and global innovation in financial services.

As an important part of the opening ceremony,a batch of achievements in the construction of western financial centers and cross-border investment and financing work were showcased on-site,including the release of the Cross-border Investment and Financing Digital Platform,the launch of the Chengdu Service Center of the Exchange,and the Chengdu International Economic Cooperation Roadshow Center.

Among them,the Cross-border Investment and Financing Digital Platform has landed in the Chengdu Jiaozi Park Financial and Business District.This platform is a cross-border investment and financing information infrastructure and comprehensive financial service platform created by Chengdu based on the Chengdu-Chongqing Joint Construction Western Financial Center Plan,integrating resources from domestic and foreign governments,financial institutions,professional associations,industrial and commercial enterprises,intermediary services,and other resources,integrating information sharing,investment due diligence investigation,access empowerment,and financial docking.

The Cross-border Investment and Financing Digital Platform aims to enhance the level of multilateral investment cooperation and international influence in the western financial center,focusing on the three strategic regions of Asia,Europe,and Central and Northeast Africa.It is based in more than 20 global key countries(cities),including Luxembourg,Qatar,Kazakhstan,Saudi Arabia,Germany,Singapore,including over 300 projects from more than 20 key fields such as advanced manufacturing,biopharmaceuticals,digital finance,and smart cities,connecting hundreds of well-known financial and industrial institutions at home and abroad.Developing five major functions through precise matching,intelligent selection,comprehensive evaluation,investment and financing ecosystem building,and investment and financing plan formulation,it assists Chengdu in high-quality growth of finance,investment,and economy.

The Chengdu Service Center of the Exchange is a professional service network platform built based on the requirements of vigorously introducing foreign financial institutions in the Implementation Plan for Chengdu-Chongqing Joint Construction of Western Financial Center in Sichuan Province.The aim is to help globally renowned stock exchanges expand their business and influence in China based on the western region,build a cooperation bridge with the capital market of Chinese enterprises,and efficiently support Chinese enterprises in overseas investment and financing.

In order to further establish an efficient and normalized cooperative relationship,the Chengdu Municipal Local Financial Regulation Bureau and the Chengdu Hi-tech Industrial Development Zone Administrative Committee signed strategic cooperation agreements with the Astana International Financial Center Authority and the Astana International Exchange at the event site.The China Innovation Finance Institute(Chengdu)and the Frankfurt Financial Cooperation Association in Germany have reached long-term cooperation.

In recent years,Chengdu has made significant achievements in promoting the construction of a financial center in the western region.From January to September this year,the added value of Chengdu's financial industry reached 1974 billion yuan,accounting for 12.3%of GDP.In the latest Global Financial Center Index(GFCI)released by the City of London,Chengdu ranks 44th among global financial centers and 6th nationwide.

The relevant person in charge of the Chengdu Municipal Local Financial Regulation Bureau stated that,“The successful hosting of Financial Week marks Chengdu's official entry into the forefront of global financial cooperation.Through this international event,we will strengthen cooperation with governments and international institutions of various countries,promote technological innovation and service upgrading in the financial field,and continue to work to make Chengdu a more competitive financial center,providing global investors with broader and more convenient financial services.”

The venue of this Financial Week is the main gathering place of Chengdu's financial industry,the Chengdu Jiaozi Park Financial and Business District.As the only key area in Chengdu that focuses on high-end factor operation and research,the Jiaozi Park Financial and Business District has always adhered to establishing a development path based on functional positioning,driving energy level improvement through industrial development,and actively building an internationally renowned and national first-class financial and business district around optimizing and strengthening the core function of the main carrier of Chengdu's promotion of western financial center construction.

Since the beginning of this year,the Jiaozi Park Financial and Business District has focused on key financial technology tracks such as technology finance,digital economy,and localization of information and innovation.It has introduced multiple financial technology innovation enterprises such as Authoring(Forbes Asia's Most Worth of Attention Companies Top 100),ONES(Quasi Unicorn Enterprise),and Dingmao Technology(Financial Information and Innovation Headquarter Enterprise),and actively developed full industry fund clusters such as angel investment,venture capital VC,and private equity investment PE,and guided industry funds such as Dinghui Innovation and Growth Phase III Fund,Huachuang Capital Phase VI Fund,and Mingshi Capital Chengdu Fund to accelerate the aggregation of investment links in key industries.As of now,the Chengdu Hi-tech Industrial Development Zone has gathered nearly 1500 domestic and foreign financial institutions and established two national level financial technology enterprise incubators.

The relevant person in charge of the Chengdu Hi-tech Industrial Development Zone stated that,“In the future,we will actively promote Chengdu Financial Week to become a leading international cooperation platform for financial openness and development in western and even China,unleashing finance as an important force supporting innovation,enhancing multilateral cooperation in financial services and innovative investment,attracting more leading innovative enterprises and high-quality projects from both domestic and foreign countries to settle in the Chengdu Hi-tech Industrial Development Zone,and providing strong impetus for the joint construction of the Western Financial Center between Chengdu and Chongqing.”(Du Can)