On May 21, 2017, the 2017 Financial Reform and Innovation Forum was held at Alibaba lecture hall of Guanghua School of Management. Professor Li Hongjun, deputy party secretary of Peking University; Dr. Li Lihui, former president of the Bank of China and member of the Economic Committee of the NPC; Professor Sun Qixiang, dean of the Peking University School of Economics; Professor Cao Fengqi, director of the Peking University Finance and Securities Research Center;Professor Tian Lihui, dean of Nankai University Institute of Finance and Development, attended the meeting. This forum was sponsored by Cao Fengqi Financial Development Fund of Peking University and co-organized by Guanghua School of Management, School of Economics and National School of Development of Peking University.

Dr. Li Lihui delivered a speech on blockchain finance. He discussed about the definition, characteristics, development background and creation of the blockchain unscrambled the core technology of blockchain, R&D of blockchain finance, technical standard of blockchain, trading and regulation of bitcoin, big data applications, artificial intelligence and the impact of blockchain technology on financial mode.

Professor Sun Qixiang delivered a speech on financial risks and management. He pointed out that the proper opening up of the insurance industry and the entry of foreign investment may not be the biggest hidden trouble to a nation's financial security. The biggest hidden trouble lay in: Firstly, foreign capital will bring systemic risk under the not perfect domestic financial system and more risk loopholes. Secondly, as a business risk management industry, the insurance industry should pay more attention to risk prevention, including corporate governance risk, solvency risk, liquidity risk and credit risk. Thirdly, the insurance industry should be correctly positioned and we should go out of three misunderstanding: purely thinking of investment in the insurance industry, the traditional thinking of the modern insurance industry, with black or white view to think of the relationship between insurance development and regulatory.

Professor Tian Lihui delivered a speech on the development and regulation of asset management industry. He pointed out that the current macroeconomic stabilization, but the stock market, bond markets and commodity markets have appeared some fluctuations. He also expressed his opinions that the direction of regulators is correct ant they should promote financial orderly de-leveraging and guide the shadow banking to put in the sun. However, the effect of “Nine Dragons Governed Floods” may be too effective. Supervision department should further promote macro and micro prudential supervision and facilitate coordinated reform of regulatory systems such as  One bank and three commission.

Mr. Lin Tengjiao, chairman of Sunshine Group, recommended Sunshine Group's financial practices, including Sunshine Group's participation in the establishment of Hualong Bank which is the first private bank in Fujian Province, investing non-public offering of stocks by Industrial Bank with 7.5 billion yuan, mergers and acquisitions exploration in the financial and environmental industries, etc. He also shared his own practical experience in holding company management, financial investment and social responsibility.

Professor Cao Fengqi delivered a speech on financial regulation. He thought that it is necessary to strengthen supervision and strictly rectify financial chaos. Supervision department should handle the following relationships: the relationship between regulatory storm and daily supervision, the relationship between external supervision and financial enterprise internal control, the relationship between regulatory and service, the relationship between regulatory and development and the relationship between separate supervision and unified Supervision.

After the speech was a Roundtable Forum, which was hosted by Tian Kun who is the board member of Cao Fengqi Financial Development Fund and the executive director of People's Insurance Public Fund Division. Wen Xinxiang, Zhu Qibing, Gao Jian, Chen Yu and Yu Haoping discussed about risk prevention of financial market  intensely.

Finally, the 2017 Financial Reform and Innovation Forum was successfully concluded with warm applause.