The 2017 Sino-US Economists Cooperation Forum, hosted by Financial and Risk Modelling Institute (FARM) and SWUFE Institution, was held at the Oak Lounge in Stanford University from Aug.28th to 29th, with the theme of “Financial Risks and Fin Tech in the Future”. More than 20 economists (financial experts) from China and America made wonderful speeches and held a discussion concerning relevant topics. More than 200 people attended the forum, including representatives from Chinese and American tech and business world, teachers and students in universities from the Bay Area, as well as entrepreneurs. The forum received great attention and strong support from the Consulate General in the People’s Republic of China in San Francisco, Association of Chinese Students and Scholars at Stanford(ACSSS) and all sectors from the Bay Area. The forum ended successfully on the LT. afternoon of Aug.29th.

During the forum, Prof. LIU Xiliang, Honorable Director of ICFS, made a keynote speech on “China’s over-financialization”. According to LIU, China’s financial indicators in recent years, such as the ratio of credit and financial value added, were even higher than that of the western countries before the crisis. China was facing the risk of over-financialization, especially the excessive mismatch between economic structure and financial structure. Prof. WANG Qing, Director of ICFS, made the speech of “Analysis on China Financial Security”. Wang gave a systematic introduction to the assessment framework of financial security and the calculation methods of indexes adopted in theFinancial Security Reportreleased by ICFS in terms of economic security, financial stability, financial crisis, financial sovereignty, financial stability, etc.. Wang pointed out that there were no big problems for China’s financial security. But the lag in reform might exacerbate the structural imbalance of China’s economy and even cause social imbalances, resulting in long-term risks for the economy. Vice Prof. DONG Qingma delivered the keynote speech of “the Effectiveness of Anti-cycle Macro-prudential Supervision Instruments”, holding a thematic discussion on the aim and effectiveness of anti-cycle macro-prudential supervision instruments.

During the forum, with the help of TANG Jiqiang of SWUFE Institution, FARM and ICFS signed the MOU, promoting cooperation and exchanges between China and America in related financial fields. The two sides agreed to carry out all-round cooperation in many fields in the future, including joint doctoral training, the convening of forums, exchange visiting scholars, research on key issues and financial and social services. By taking this opportunity, SWUFE would become Stanford University’s important research institute for economics in Western China. The signing of the MOU was the great achievement of ICFS, marking the breakthrough in the high-level cooperation between SWUFE and top universities in the world. It expanded new channels to promote the foreign exchange mechanism and student exchange program, and it was also a successful practice and exploration for building a “Double First-Class” university.