The two-day Lujiazui Forum 2024 opened on June 19 in Shanghai, attracting government officials, financial leaders, esteemed scholars, and Nobel Prize winners. As a premier international financial hub, Shanghai set the stage for in-depth discussions on fostering world economic growth amidst evolving global challenges.
This year's forum centered on the pivotal role of finance in addressing pressing issues such as climate change and the aging population. Rodrigo Zeidan, Professor of Practice of Economics and Finance from New York University Shanghai, emphasized the need for innovative financial solutions to support sustainable development. \"Finance must evolve to become a catalyst for positive environmental and social change,\" Zeidan stated.
Wang Dan, Chief Economist at Hang Seng Bank, highlighted strategies for leveraging financial markets to mitigate the impacts of an aging global population. \"Investing in healthcare and retirement infrastructure is essential for maintaining economic stability,\" he explained. Meanwhile, John Gong, Professor of Economics from the University of International Business & Economics, discussed the opportunities Shanghai offers to the global economy. \"Shanghai's robust financial ecosystem provides unparalleled opportunities for international collaboration and investment, further solidifying its position as a global financial powerhouse,\" Gong noted.
The forum also explored how Shanghai can continue to enhance its global competitiveness. By embracing technological innovations and fostering an inclusive economic environment, Shanghai aims to attract more international businesses and drive sustained economic growth worldwide. As the discussions concluded, it was clear that the insights shared at the Lujiazui Forum 2024 will play a crucial role in shaping the future of the global economy.
Reference(s):
Lujiazui Forum takeaways: how to promote world economic growth
cgtn.com
