The 11th fair meeting of helping urban development by the integration of industry-finance capital, which is also named Xinhuanet’s Thinker Meeting, was held on June 6, 2017 in Tianjin. Tian Lihui, executive dean of Institute of Financial Development, Nankai University; Han Fulin, dean of finance of School of Finance, Central University of Finance and Economics; Song Xiangqing, vice-dean of Academy of Government Beijing Normal University, and more than two hundred guests focused on the deep integration of industry-finance capital and setting up a new ecosystem of urban development.
In the increasingly close integration of industry and finance capital, building a new ecology of city + finance is becoming the common goal of the innovation and development of new industries and new finance. In the meeting, experts and scholars expressed their views around integration of industry-finance capital. Tian Lihui expressed his opinion on the topic of The integration of industry-finance capital and the Chinese enterprises in the new normal. He thought that the integration of industry-finance capital should be guided by the real economy and the financial industry should serve for the real economy. The purpose of the integration of industry-finance capital is to let the virtual economy and the real economy to develop synergistically with each other and not to over-industrialize either side.
Professor Tian Lihui of our institute presided over the ensuing Round Table Dialogue: “New opportunities for enterprises under the integration of industry-finance capital” and summarized the guests' speeches. Under the host of Professor Tian, guests expressed their new and bold opinions and other guests were inspired by these ideas greatly. Xue Yi, president of Tianjin Association Creative Industry, expects that the integration of industry-finance capital can lead to upgrade of the creative industry structure and integrate the entire industrial chain, thus forming a huge industrial force. Qiu Ke, vice president of Tianjin SME Technology and Development Technology Association, thought that the medical industry is in the process of reformation and the integration of health care industry and financial industry, leveraging the integration of industry-finance capital, will help the new development of the city. Wang Kai, vice president of Tianjin SME Technology and Development Technology Association, also said that financing channels are the lifeblood of SMEs and the financing channels are difficult to smooth because of information asymmetry. The urgent need for enterprises is to establish a wide platform and connect high-quality enterprises with capital. Professor Song also discussed with Professor Tian on topic of whether the integration of industry-finance capital should be led by government.
As an important meeting of this fair, helping urban development by the integration of industry-finance capital has attracted many experts and scholars from home and abroad to attend and service for public decision.
