International Symposium on Housing and Financial Stability in China

The Chinese University of Hong Kong, Shenzhen, the International Monetary Fund and Princeton University jointly held an international symposium on Housing and Financial Stability in China at Shenzhen Wuzhou Hotel from December 18 to 19, 2015.

China’s economy is undergoing a transformation stage, and Chinese currency and financial market are gradually internationalized. At this critical moment, top financial scholars from China and abroad, government think tanks and financial elite gathered to engage in a wide range discussion on the housing market dilemma, banking industry, economic growth, RMB internationalization, and Chinese financial system. The symposium serves as a rare platform to explore the risks and opportunities facing Shenzhen, China and the world against the background of RMB’s gradual globalization. This is the first time that the IMF has turned up in China since the inclusion of RMB in SDR.

Professor Wei Xiong, Academic Dean of the School of Management and Economics of the CUHK Shenzhen, disclosed that in addition to this symposium, the University will co-host a China Economic Forum with the National Bureau of Economic Research of the United States of America in May each year starting from 2016, regularly inviting domestic and international academic and decision-making bodies to discuss China’s economic development and new issues and challenges arising out of China’s integration into the world financial market.