The 3rd Sun Yefang Financial Innovation Award Ceremony was held on July 8, 2018 at PBC School of Finance, Tsinghua University. Li Jiange, Chairman of the Sun Yefang Economic Science Foundation Board and Chancellor of Guangdong Technion Israel Institute of Technology, Wu Xiaoling, Chairwoman and Dean of Tsinghua PBCSF and former Deputy Governor of the People's Bank of China, and Rong Zhiping, CEO of China Financial Futures Exchange, addressed the ceremony. Zhou Hao, Associate Dean and Unigroup Chair Professor of Tsinghua PBCSF, Deputy Chair of National Institute of Financial Research (NIFR) of Tsinghua University, hosted the ceremony.
Zhou Hao said, in his opening remarks, Sun Yefang Financial Innovation Award upholds world-class academic standard, giving attention to topics about China, especially the structural issues raised in China's financial reform and development.
Host: Zhou Hao
Li Jiange stated that Sun Yefang Financial Innovation Award is granted in a fair and impartial manner in line with Mr. Sun Yefang's spirit of pursuing truth and rigorous academic attitude. The award is open to the world’s scholars, concentrating on researches of China's financial reform and development.
Li Jiange is delivering a speech
As the director of the Award Committee, Wu Xiaoling introduced the revision procedures. She pointed out that finance is a powerful leverage to boost China's economy, an important driving force for "going global", and a guarantee for a sustainable, healthy and stable economic development. At present, Chinese economy is entering a "new normal", in transition of new driving forces replacing the old. As the driver of resource allocation, finance should not only support the development of new driving forces, but also maintain the stable transition and upgrade of traditional economy. The purpose of the Sun Yefang Financial Innovation Award is to promote China's academic development in finance, enhance financial researches, and improve financial academic disciplines.
Wu Xiaoling is delivering a speech
To promote China's financial market to better serve the real economy, and to improve the resource allocation efficiency in the financial market, Rong Zhiping emphasized that we should make in-depth study on major theories and practice issues in the modern financial system development, solve the intertwining issues in financial practices and social economic development, provide guidance to financial risk prevention and management, deepen financial reform, and prevent financial chaos and alienation of innovations, all of which should require continuous exploration, research and constant enrichment and utilization of financial theories.
Rong Zhiping is delivering a speech
Lin Yifu (Justin), Vice Chairman of the Economic Committee of the 13th CPPCC National Committee and Dean of the Institute of New Structural Economics at Peking University, delivered a keynote speech. Focusing on the core issues of financial research from the perspective of new structural economics, he raised the discussion of the banking reform on shareholding system at Big Four banks since 2003, which improved the efficiency of capital allocation to some extent. He also pointed out that China's current banking reform should also pay attention to the development of regional small and medium-sized banks.
Lin Yifu is delivering a keynote speech
According to the Charter of Sun Yefang Economic Science Foundation, Sun Yefang Financial Innovation Award is granted once every two years. The 3rd award started its call for paper in July 2017. After review and evaluation, 7 works stood out including 1 Book and 6 Papers (3 Chinese papers and 3 English papers).
Li Jiange is presenting awards to winners of Chinese Paper Award
From left to right: Wang Lisheng, Wang Honglin, Shi Kang, Li Jiange, Sun Guofeng, Jai Junyi, Shao Xufang
Wu Xiaoling is presenting awards to winners of English Paper Award
From left to right: Lin Shu, Ye Haichun, Chen Kaiji, Wu Xiaoling, Lin Yifu, Wen Yi, Sun Xifang
Rong Zhiping and Li Haichao are presenting awards to Book Award winner and representative of the referrer
From left to right: Zhu Ning, Rong Zhiping, Xu Jiankang, Li Haichao
The Award winners Sun Guofeng, Zhu Ning, Shi Kang, Ye Haichun, Wu Weixing and Chen Kaiji presented speeches on their research paper respectively.
Award winner Sun Guofeng is delivering a speech
Award winner Zhu Ning is delivering a speech
Shi Kang, Ye Haichun, Wu Weixing, Chen Kaiji are delivering speechesThe 3rd Sun Yefang Financial Innovation Award was hosted by Sun Yefang Economic Science Foundation and organized by Tsinghua PBCSF. The nomination and selection of Sun Yefang Financial Innovation Award adhere to the principles of openness, fairness, and impartiality, striving to select the works with features of the time and academic nature, making contributions to the prosperity and development of China's finance discipline.