Reigniting the Strength of Opening Up

Shanghai, China

November 1, 2013



This shanghai conference was aimed at reviewing the direct and indirect effects of the highly accommodative monetary policies of key advanced economies. The combination of US QE tapering, Japan monetary policy experimentation, the continuing adjustment in the Eurozone, and the slowdown of China as the main driver of global growth have created a new economic and financial landscape demanding a reassessment of risks.

Emerging markets have repeatedly indicated that the policies have caused an undue increase in capital flows. Similarly, policy makers have expressed concern that a withdrawal of monetary stimuli could cause abrupt reversals in capital flows thus fuelling exchange rate volatility and upsetting domestic stability. What does the evidence show about the external spillovers of highly accommodative monetary policies on emerging markets? What does this mean for China? Is china moving to a new stage of financial sector reform and how it will cope with this new environment?



  • Cao HONGHUI: Deputy Director General, Research and Development Department, China Development Bank
  • He FAN: Deputy Director of the Institute of World Economics and Politics and Deputy Director of the International Financial Research Center, Chinese Academy of Social Sciences, Editorial Director of the Journal of World Economy
  • Huang HAIZHOU: Chief Strategist, Managing Director and Supervisor in Research Department of China International Capital Corporation Limited
  • Jean Pierre LANDAU: Professor Sciences Po Paris and Former Deputy Governor of the Bank of France
  • Jin ZHONGXIA: Director General, the Institute of Finance, People’s Bank of China
  • Marc UZAN: Executive Director, Reinventing Bretton Woods Committee
  • Michael BUCHANAN: Managing Director of Temasek Holdings Co., Ltd
  • Ousmene MANDENG: Managing Director of Pramerica
  • Pan YINGLI: Professor of Antai College of Economics and Management
  • Peng WENSHENG: Chief Economist of CICC
  • Wei BENHUA: Chairman of Liu Hongru Financial Education Foundation, Chairman of the Council of China Forex Magazine and Former Deputy Chief of State Administration of Foreign Exchange (SAFE) of China
  • Xiang SONGZUO: Chief Economist of Agricultural Bank of China, Vice President of OMFIF Advisory Committee and Deputy Director at International Monetary Institute of China People’s University
  • Yang YANQING: Deputy Editor of “First Financial Daily”
  • Yung CHUL PARK: Professor of Economics at Seoul National University
  • Zhang ZHIXIANG: Former Executive Director of IMF, Professor at School of Finance and Director of Economic Policy and Finance Management Project of Renmin University of China
  • Zhou HAO: Professor of Wudaokou College of Tsinghua University

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