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On August 20, 2017, the First Forum on Development of Financial and Capital Market and Legal Regulations of Green Legal Global Alliance & the Start of Use of GLGA Innovation Development Center and Opening Ceremony of Financial and capital market Research Center were held in Beijing. initiated by Beijing DOCVIT Law Firm and Green Legal Global Alliance, this Forum was jointly hosted by Beijing DOCVIT Law Firm, Green Legal Global Alliance, CITIC Press Group China’s Road Research Press Center and Chinese Lawyers periodical office with the support of Beijing Venture Capital Innovation Service Alliance, Beijing Exchanges Association and Xiatang Boya Association. The Forum also obtained the exclusive guidance of Economic Herald periodical office, and was fully covered by Sina Finance on site. It was presided over by Liu Guangchao, Director of Beijing DOCVIT Law Firm and Secretary General of Green Legal Global Alliance.

Over 100 guests, friends and celebrities, including the economic, finance, law and enterprise leaders and representatives, experts, scholars and leading figures, attended the Forum.

Ms Wu Xiaoling, Member of the Standing Committee of NPC, Vice Chairwoman of the Financial and Economic Affairs Committee of NPC, Dean of the PBC School of Finance at Tsinghua University, Member of Academic Committee of Chinese Economists 50 Forum and Former Vice President of PBOC, Mr. Xu Shanda, former Deputy Commissioner of the State Administration of Taxation, President of SEEC Research Institute, Member of Academic Committee of Chinese Economists 50 Forum, Ms Zhang Chenghui, former Director of Research Institute of Finance, Development Research Center of the State Council, Deputy Secretary General of China Society for Finance and Banking and Senior Research Fellow of CF40, Cao Heping, Professor of School of Economics Peking University and Vice President of Institute of Digital China - Peking University, Ms Ji Hong, Deputy Chief Editor-in-chief of CITIC Press Group and Director of Economic Herald periodical office, He Liping, Dean of Beijing Normal University International Finance Research Institute, Expert Member of CE50, Professor Guo Li, Deputy Dean of Peking University Law School, Professor Yang Dong, Deputy Dean of Renmin University of China Law School, Director of Financial Technology and Internet Security Research Center, Mr. Cao Deyun, Executive Vice Chairman and Secretary General of Insurance Asset Management Association of China, Mr. Zhou Kaibo, Director of  National Development and Reform Commission International Cooperation Center PPP Project Promotion Office, Mr. Gao Jiaqing, Chairman of Beijing Exchanges Association, Ms Zhao Qian, Secretary General of Beijing Exchanges Association, Mr. Li Zhuyong, Director General of the People’s Insurance Company (Group) of China Legal Department, and Mr. Tang Jincao, Secretary General of China FOF Alliance, attended the Forum and delivered speeches. Lawyer Ma Huijuan, Partner Chairman, Lawyer Yun Dahui, director of the Administrative Committee and some partners of Beijing DOCVIT Law Firm were present.

The Forum consisted of such important links as opening ceremony, keynote speech, special topic speech, subject speech, free discussion and closing ceremony. The guests deeply analyzed the policy signals in the context of the Fifth National Financial Work Conference and conducted professional and practical dialog and discussions on the hot and focus issues in China’s finance and legal fields.

At the opening ceremony, Mr. Xu Shanda and Ms Ji Hong delivered speeches. The guests expressed that, “China’s finance has directional change, and the finance industry is entering a significant historical transition period; finance has become the core competitiveness driving China’s economic development, and is facing unprecedented challenges and new issues. This Forum gathers many domestic experts and scholars, and is a high-level, high-quality and high-standard cross-border exchange gathering of the finance and legal communities, and will be significant for the integrated development of financial and capital market and legal regulations. As an outstanding representative of legal community, DOCVIT Law Firm has been promoting and practicing “cross-border”. It is believed that this Forum will make new exploration and contribution to the legal regulations of financial and capital market.”

At the keynote speech, Ms Wu Xiaoling, Vice Chairwoman of the Financial and Economic Affairs Committee of NPC, and Professor Cao Heping, Vice president of Institute of Digital China - Peking University, delivered speeches around four themes, i.e. “Analyzing the National Financial Work Conference: Preventing Risks, Strengthening Regulation, Paying Attention to Real Economy, Deleverage, Using the Market”, “Financial Reform and Legal Regulations: Influence of Setting Up the Financial Stability and Development Committee on the Regulatory System”, “Green Finance Concept: Technology Support and Legal Guarantee in the Development of Green Finance” and “Regulation of financial and capital market: Selecting the Financial Regulation Direction in the Pan-asset Management Era”.

With the theme of financial regulation and financial legislation, Ms Wu Xiaoling, Vice Chairwoman of the Financial and Economic Affairs Committee of NPC, elaborated the important role of law in the financial and capital market, and revealed that this Forum was to “promote the deep integration of law and finance”, positively explore an effective, co-built, shared and win-win innovative mode of mutual benefit, and promote the successful experience and advanced fruits in this respect, and could play an important guiding role for further integration and development of China’s financial and capital market and law.

President Cao Heping delivered a keynote speech with the theme of Several Regulation Puzzles in the Financial Management of Central Top-level Accounts, addressed three aspects, i.e. regulation pains, appearance of the central top-level account system and emergency of new economy, new regulation mode generated by platform enterprises and new regulation proposals, and a new height of Financial Stability and Development Committee, and elaborated the relation between law and economy. He expressed that, “Law and economy must unite and develop jointly. Today’s Forum will make great contribution to the overall institutional growth and improvement of China.”

Mr. Li Haiwei, President of Chinese Lawyers periodical office, delivered a speech on the start of use ceremony. He said that, “This Forum aims to discuss the profound relation between the development of financial and capital market and legal regulations, and embodies the global awareness and sense of responsibility of the host to positively implement the spirit of National Financial Work Conference, provide suggestions on the Party and national financial work and exclude the difficulties, and also reveals the enthusiasm and responsibility of China Lawyers to make contribution to the building rule of law in China as the legal professionals.” “It is hoped that the peers of economic and legal communities can join hands to build the Forum into the most forward-looking, innovative, authoritative and instructive legal and financial cross-border dialog platform in China, and make contribution to the healthy and integrated development of economy and law,” said Li Haiwei.

In his speech, Director Liu Guangchao said that, “The vitality of law lies in cross-border and integration with other industries. As the main promoter of Green Legal Global Alliance (GLGA), DOCVIT Law Firm highlights that GLGA should fulfill cross-border using the law as the core element. As two different entities, DOCVIT and Green Legal Global Alliance are both connected and independent of each other. In the process of cross-border, DOCVIT will deeply interface with the lawyers industry and other industries by making full use of GLGA platform and make contribution to exploring the blue ocean of the lawyers industry. In the meantime, DOCVIT hopes to give into play the unique role of legal institutions and promote GLGA to become a domestic cross-border innovation institution so as to provide the case for the innovation of social organizations.”

Later, Zhang Chenghui, former Director of Research Institute of Finance, Development Research Center of the State Council, and He Liping, Dean of Beijing Normal University International Finance Research Institute, delivered the keynote speeches.

Director Zheng Chenghui delivered a wonderful speech of “Speeding Up the Financial Legal System Construction”. She said that, “healthy legal system is the precondition of healthy development of capital market. Healthy capital market legal system consists of four levels, i.e. legislation, law enforcement, judicial administration and law-abiding. The weakness now lies in legislation and law enforcement. It is hoped that the legal community personnel can conduct positive exploration in terms of legislation and push forward the establishment of a financial legal system conducive to the healthy development of capital market.”

Dean He Liping delivered a speech on the combination of the development of financial and capital market and legal regulations construction. He said that, “China’s financial and capital market is now in a great stage of unprecedented activity and development. It poses new challenges to the legal regulations of financial and capital market. Considering the complexity and specialty of financial contracts, refined legal service is required.” Furthermore, he presented constructive opinions on the legal regulations in the financial field from changing the legislation concepts and practicing judicial administration.

During the Forum, the start of use of Green Legal Global Alliance Innovation Development Center and opening ceremony of finance and capital market Research Center were held. The start of use and establishment of two centers will provide a platform of further cross-border exchange among GLGA members and industries and the implementation of GLGA fruits.

Professor Guo Li, Deputy Dean of Peking University Law School, and Gao Jiaqing, Chairman of Beijing Exchanges Association, delivered colorful speeches. Zhang Wenhai, president of Wenhai Huizhi Innovation Science and Technology Research Institute, and Zhang Xiaofeng, Founder of Internet + Committee 100, respectively introduced GLGA Innovation Development Center and Finance and capital market Research Center.

In the subject speech, Cao Deyun, Executive Vice Chairman and Secretary General of Insurance Asset Management Association of China, Zhou Kaibo, Director of National Development and Reform Commission International Cooperation Center PPP Project Promotion Office, Yang Dong, Deputy Dean of Renmin University of China Law School, Li Zhuyong, Director of The People’s Insurance Company (Group) of China Legal Department, and Tang Jincao, Secretary General of China FOF Alliance, delivered wonderful speeches around 7 topics, i.e. “would ‘grey rhino’ come: prevention of China’s financial risks and international vision”, “financial Regulation in the New Situation: Marching Towards Functional and Industrial Regulation from Institutional Regulation”, “Shifting from Virtual Economy to Real Economy: How does Finance Well serve Real Economy under New Normal?”, “Latest Analysis: Direction and rhythm of Renminbi Internationalization”, “Integration Path and Legal Boundary between Financial technology and Financial regulation”, “Summarization and Improvement of financial and capital market Reform and Legal Regulation System” and “inclusive financial system: Development of Small and Medium-sized Financial Institutions and Internet Finance Regulation”, and shared the latest research findings and frontline views, and provided suggestions and identified the directions for integrated development of China’s financial and capital market and legal regulations.

At the closing ceremony, Mr. Deng Qingxu, Vice President of Sina.com, said that, “This Forum is a high-level, high-standard, top-level cross-border gathering of the financial and legal communities, and is a milestone event of great significance for China’s financial and legal industries.” Finally, he affirmed the innovative breakthrough and outstanding contribution of the host, Beijing DOCVIT Law Firm, in the integrated development practice of financial and capital market and law, and hoped that DOCVIT could continue to play a bigger role for the healthy development of China’s economy and rule of law society.