Event Details

China, despite being recognized for its impressive Macroeconomic performance in the modern economy, is falling short of expectations by both savvy investors and the government itself. To combat this problem, market oriented reforms are being proposed once again. Facing challenges both internally and externally, recent reforms are financially focused. Although they face strong opposition, China’s top leaders are pushing forward financial reforms, most of which start from the Shanghai Free Trade Zone. China’s government aims to achieve more liberalized capital account (so as to facilitate RMB internationalization), a more market-oriented exchange rate, and complete marketization of the interest rate.

In addition to presenting an analysis of the challenges to financial reform within China, Bo Chen will also provide comments on the most recent financial reforms initiated in the Shanghai Free Trade Zone:
  • Free Trade Unit Account to both enterprises and individuals
  • The perspectives of the more liberalized financial service sector
  • The emergence of an International Financial Center
  • The progress of interest rate marketization


  • Bo Chen (Professor at University of Finance and Economics (SHUFE))

    Bo Chen

    Professor at University of Finance and Economics (SHUFE)

    Professor Bo CHEN received his Ph.D. degree in Economics from Simon Fraser University (Vancouver, Canada) in 2008.

    Besides his current appointment in Shanghai University of Finance and Economics (SHUFE),
    Dr. Chen is also a Research Associate of the Federal Reserve Bank of Dallas, and the Pacific Economic Cooperation Council (PECC). Since June 2013, Dr. Chen has served as the executive director of the Research Centre on Free Trade Zone and participated in the consultation for the establishment of China (Shanghai) Free Trade Trial Zone. He was selected to give talks on Shanghai FTZ to senior officers of Ministry of Treasury, Ministry of Commerce. Since 2015 he has been a senior consultant to Fujian and Guangdong FTZs. Furthermore he is also invited to lecture senior executives of central State-owned Enterprises (SOEs) by the State-owned Assets Supervision and Administration Commission of the State Council on “One Belt, One Road” Initiative. Dr. Chen remains as a senior consultant (to both central government and Shanghai Municipal government) on various undergoing macroeconomic reforms, especially on the policies on trade, investment, and SOEs.

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