On September 4, LIU Hongru, Honorary Board Chairman of the PBC School of Finance, former Deputy Governor of the People's Bank of Chinafounding Chairman of the China Securities Regulatory Commission, was invited to share school’s development history with its new students of the Class of 2013.

Keeping pace with the development of the times, persisting in reforminnovation, pursuing quality educationresearch,fostering elite professionals are the principles upheld by PBCSF since its early days. Based on his personal experience, Liu elaborated on PBCSF's historyits future development. He noted that the school was a product of the times,it naturally should cater to the changes of the times. Reform is about transitions; education must be advanced when it was transiting from the planned economy to the market economy and today when public ownership dominatesdiverse forms of ownership develop commonly.

On such a basis, Liu shared issues existing in China's financial system-marketizationinternationalization. He also encourages the students to enhance the understanding of domestic financial environment, face up to challengesassume their due responsibilities.