SUFE-DAFI
From June 18 to 19, 2025, the 2025 Lujiazui Forum centered around the theme “Financial Opening-up, Cooperation, and High-quality Development Amid Global Economic Changes” (the “Forum”) was held in Shanghai. A series of key policy measures were unveiled during the Forum.
During the Forum, in response to the new policies, Professor CHEN Xin, Professor of Dishui Lake Advanced Finance Institute, Shanghai University of Finance and Economics (SUFE-DAFI) and Director of Capital Market Research Center of SUFE-DAFI, was interviewed by major media outlets including China News Service, Shanghai Securities News, and Financial Investment News. He shared professional insights on topics such as the deepened reform of the Science and Technology Innovation Board (“STAR Market”), how capital markets serve the real economy, and the role of financial opening-up in driving global economic growth, actively amplifying SUFE-DAFI’s academic voice and think tank influence.
CHEN Xin
Professor of SUFE-DAFI; Director of Capital Market Research Center of SUFE-DAFI
China News Service Report: China’s “Opening-up and Cooperation” in Finance Injects “Certainty” into Global Development
CHEN Xin, Professor of SUFE-DAFI and Director of Capital Market Research Center of SUFE-DAFI, told China News Service at the Forum that the measures announced at this Forum will further open up China’s financial system, strengthen the capital market’s role in supporting the development of sci-tech innovation enterprises, and provide solid support for the healthy growth of the real economy. Against the backdrop of new global challenges, including slowing economic growth and widening divergence in monetary policies, China’s continued financial opening-up is injecting “certainty” into global economic development.
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Shanghai Securities News Report: 2025 Lujiazui Forum | SSE Formulates Supporting Rules for STAR Market Growth Tier
“The establishment of a ‘growth tier’ on the STAR Market and the resumption of listings for unprofitable enterprises under the fifth set of standards signal stronger national support for high-quality technology enterprises, with a more accommodative financing environment. This will help these enterprises sustain R&D investment, refine their business models, and further drive the development of new productive forces.” CHEN Xin, Professor of SUFE-DAFI said.
Financial Investment News Report: Digital RMB Breaks New Ground, Credit Reporting System Upgraded... Three Authorities Unveil Major Moves on Lujiazui Forum’s First Day! Expert Views
Commenting on the China Securities Regulatory Commission’s plans to deepen reforms of the STAR Market and ChiNext, CHEN Xin, Professor of SUFE-DAFI and Director of Capital Market Research Center of SUFE-DAFI, emphasized that easing IPO access thresholds for sci-tech innovation enterprises would provide ample equity financing opportunities for growth-oriented sci-tech innovation enterprises supported by China. This regulatory orientation reflected the country’s resolve to leverage capital markets to boost technology industry development. The new policies would bring a steady stream of vitality to the capital market.
