China's financial reform has been successful in the past four years, said LSE Director Howard Davies in a speech during a visit to China this month. But he stressed that there are remaining problems, such as a high dependency on bank deposits.
Howard Davies was in China in his role as an adviser of the International Advisory Council of the China Banking Regulatory Commission (CBRC). The Council, under its chairman Mr Liu Ming Kang, held its regular meeting and called on the Chinese prime minister, Wen Jia Bao.
The Director also furthered academic and alumni connections in China. In his LSE capacity, he met the assistant minister of finance, Mr Zhu Guang; the vice-auditor general of the National Audit Office, Mr Liu Jia Yi, and the vice minister for foreign affairs, Mr Zhang Ye Sui, an alumnus of LSE.
As part of the trip he delivered an evening lecture on 'China's Financial System: the view from London' to more than 80 LSE alumni in Beijing.
He also delivered a lecture to senior Chinese officials on an LSE training programme, run in collaboration with Peking University, Sciences Po, Paris, and Columbia University, USA, and another lecture to over 60 representatives from European companies in the European Union Chamber of Commerce in China.
Howard Davies then visited Tsinghua University and met with its President, Professor Gu Bing Lin. They discussed the Confucius Institute for Business in London, to be based at LSE, which has been established in collaboration with Tsinghua University.
Finally, in a meeting with the chair of the Academic Council at Peking University, Professor Min Wei Fang, LSE and Peking University extended further their institutional academic cooperation, signing a fourth PhD exchange agreement. This latest PhD exchange involves LSE's Cold War Studies Centre (CWSC) and Peking University's School of International Studies and Department of History. LSE also works with Peking University on a double master degree in international affairs, and the LSE-PKU Summer School, as well as a number of other joint research and teaching projects.
For further information on this programme or LSE China projects, email Dr Brendan Smith at firstname.lastname@example.org
For further information on LSE partnerships contact Dr Catherine Manthorpe on email@example.com or Dr Gabi Lombardo on firstname.lastname@example.org.
China Daily (6 July)
China's financial reform successful: Howard Davies
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Bloomberg (4 July)
China may struggle to stop stock loans, Davies says
China Radio International
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Chinese Radio International (4 July)
LSE Director: China's financial reform with tangible progresses but still facing challenges
Director of LSE Visits Tsinghua (3 July)
9 July 2007