Boao, September 26 (People's Daily Online), September 26, Boao sunny, pleasant climate. The first Hainan Boao International Financial Summit is being held at the Boao Forum for Asia International Conference Center. Experts and scholars from the domestic financial field and political and business representatives attended the summit. Under the theme of "Enabling the Real Economy through comprehensive finance", the summit will discuss the new mission, new requirements, new paths and new development of comprehensive finance in serving the real economy under new circumstances, new challenges and new opportunities, and share financial wealth freely.

Leading guests such as Chen Guowen, deputy mayor of Qionghai City People's Government, Ding Yulong, member of the leading Party group of Hainan Provincial Financial Supervision Administration, and Xue Qiliang, former director of the General Office of the Propaganda Department of the CPC Central Committee, said in their speeches that the international financial landscape has never ceased to be turbulent in the 40 years of reform and opening up. China has successfully coped with the impact of the international financial turmoil on many occasions and stayed committed to the bottom line of avoiding systemic risks. One of the main reasons for this is that the financial sector is committed to serving the real economy and has guided its operations on the track of serving the steady development of the real economy. In addition, from the perspective of the financial development of Hainan free trade Port, the paper systematically expounds that Hainan is implementing the new development concept, seizing the new opportunities of the international cooperation of the "One Belt, One Road" and the construction of Hainan free trade Port, promoting the financial reform and opening up at a higher starting point, and further gathering financial institutions and financial talents by focusing on the establishment and perfection of the modern industrial system. Strengthen international financial cooperation.

2020 is the year of the completion of the building of a moderately prosperous society in all respects and the 13th Five-Year Plan. It is also the year of the implementation of the construction of the Hainan Free Trade Port and the planning of the 14th Five-Year Plan. Standing at the historic intersection of the two Centenary Goals, the tide rises to the south of the sea to build a dream free trade port. This financial summit is the first of its kind to be held under the background of the implementation of the policy of opening up the financial sector in Hainan Free Trade Port.

It is learnt that the summit will focus on accelerating financial reform and innovation, innovating technology and financial policies, products and tools, promoting the full recovery of the financial market, and helping to build a free trade port in Hainan. The summit brings together elites from government, industry, universities and research institutes to explore new ideas, new directions and new developments in line with the new situation through the collision of ideas.

In the keynote speech, elites from all walks of life gave keynote speeches and dialogues on key issues of concern of Hainan Free Trade Port to discuss the development direction and path of Hainan Free Trade Port. Topics included: "Promoting the Improvement of the Business Environment of the Free Trade Port through Financial Reform", "Suggestions from International Financial Development Experience for the construction of Hainan Free Trade Port", "Opportunities brought by the Integrated Development of International Finance and Real Economy", "Promoting the Implementation of the Hainan Free Trade Port Policy through Comprehensive Financial Reform", "Function Positioning in the Double Cycle of Boao International Finance and Hainan Free Trade Port to help the construction of the international financial System". We look forward to the in-depth discussion and pooling of wisdom from all parties at the meeting to accelerate the internationalization of Hainan's financial industry, the organic integration of finance and the real economy, and the effective docking of projects and capital, so as to enhance the vitality of the development of Hainan Free Trade Port.

Finance is the core of modern economy, and the financial system must adapt to the modern development of economy. The construction of Hainan Free Trade Port puts forward higher requirements for Hainan's financial industry. According to the Hainan Provincial Government's Implementation Plan for Financial Reform and Development, it requires the continuous integration of local finance and global finance, and the transformation of the organizational system and operating mechanism of financial institutions must be promoted. We will make the financial sector better serve the real economy.

With the implementation of the international and open policy of Hainan Free Trade Port, it will have far-reaching influence on the reform and opening up of Hainan's financial industry and economic and social development. Hainan's tourism, real estate, high and new industries, modern service industries, etc., will produce linkage effect, realize a new round of stride development, and form the birth of industrial clusters and agglomeration areas, which will drive the construction of supporting projects, and the combined development of upstream and downstream industries, so that supporting industries form an industrial chain. The formation of industrial clusters and interconnected development of industries will provide broad market space for the development of the financial industry, which will help the financial industry to expand its customer base. The construction of Hainan Free Trade Port will drive industrial projects to become a gathering place of funds, and bring huge investment of construction funds. Strong capital flow will help the financial industry in Hainan to strengthen its financial strength and promote its strong development. It brings unprecedented opportunities for the development of Hainan's financial industry.