On the morning of November 18, 2017, the 14^th Annual Global Conference of the International Finance Forum (IFF) was opened in Guangzhou. The theme of the annual conference was “Building the World's Grand Bay Area: New Power, New Growth, and New Pattern”. The annual meeting was co-sponsored by the International Finance Forum and the Guangzhou Municipal People's Government, and undertaken by the Guangzhou Financial Work Bureau, the Nansha Development Zone Management Committee, and the International Finance Forum (Guangzhou) Co., Ltd.

The guests attending the annual meeting were: Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, former Chief Executive of the Hong Kong Special Administrative Region, Leung Chun-ying, Chairman of the IFF, 26^th Australian Prime Minister Kevin Rudd, IFF Co-Chair, former Prime Minister of Korea, President of the 56th UN General Assembly Han Seung-woo, IFF United Chairman, 23rd Prime Minister of Pakistan, former Executive Vice President of Citibank Aziz, Chairman of IFF Advisory Committee, 23^rd Japanese Prime Minister Yukio Hatoyama, Executive Vice President of National School of Administration Ma Jiantang, Deputy Secretary of Guangdong Provincial Party Committee, Guangzhou Municipal Party Committee Secretary Ren Xuefeng, Vice Chairman of IFF, Guangdong Provincial Party Member Chen Yunxian, Guangzhou Mayor Wen Guohui, IFF Vice Chairman, NPC Financial and Economic Committee Deputy Director Yu Shengshun, IFF Consultant, former Deputy Director of the Central Foreign Liaison Department Yu Hongjun, IFF Executive Member, former deputy director of the Overseas Chinese Affairs Office of the State Council Ma Rupei, former vice president of the People's Bank of China, Li Dongrong, president of China Internet Finance Association, vice chairman of IFF, former vice chairman of the China Insurance Regulatory Commission, Zhou Yanli, etc.

Liang Zhenying pointed out that how to promote the flow of people, logistics, capital and information between Hong Kong, Macao and mainland cities under the premise of one country, two systems in Hong Kong, Macao and Guangdong cities is the main future development of Guangdong, Hong Kong and Macau. Question. He also pointed out that the cooperation between Guangdong, Hong Kong and Macao will enter a new stage of history. It is necessary for the three industries to develop a common program of action for the business, finance and professional sectors.

Rudd pointed out that within ten years, the Chinese economy will surpass the United States at market exchange rates. Rudd said today in fluent Chinese. He revealed that he has studied Chinese culture for more than 40 years and claimed to be "old land" and "old cadre". He praised China's achievements in improving poverty and developing the economy, and sent a message to China's future with "not breaking."

Han Shengyu said that Dawan District of Guangdong, Hong Kong and Macao will become China's financial center. I believe that Guangdong, Hong Kong and Macau's Dawan District will lead China to further innovation. He also said that China's development of the financial industry is also very crucial, especially as China is moving out of national borders and has a higher impact on the global financial landscape.

The Executive Secretary of the International Finance Forum (IFF), Special Envoy of the China-Pakistan Economic Corridor, Zafar, read the written statement of Jin Liqun, President of the Asian Infrastructure Investment Bank. In a written speech, Jin Liqun said that the Guangdong, Hong Kong and Macau Bay Area is the fourth largest Bay Area in the world after the Bay Area, the San Francisco Bay Area and the Tokyo Bay Area. It is an important carrier for China to build a global urban agglomeration and commercial space. In the future, IFF will give full play to the five major functions of the Forum, strengthen exchanges and cooperation, further promote international financial public diplomacy, strengthen the construction of the F20 global network, and play the role of the IFF Silk Road International Alliance to develop contributions.

Yu Shengshun said that Guangdong, Hong Kong, Macao and Dawan District should build a world-class innovative economic city cluster. Under the premise of the existing administrative divisions, Guangdong, Hong Kong and Macao must break the constraints of administrative divisions, comprehensively connect with various local institutions and mechanisms, and improve the level of regional governance. It is necessary to improve the intergovernmental consultation and coordination mechanism and improve the management coordination mechanism and information feedback mechanism. It is necessary to promote the establishment of the Guangdong-Hong Kong-Macau Great Bay Area Coordination Committee to conduct consultations and decision-making on major cooperation matters in the form of regular joint meetings.

Zhou Yanli said that financial risks are now characterized by concealment, long-term and complexity. Therefore, the task of strengthening financial supervision is becoming more and more serious and more and more difficult. He further pointed out that financial institutions' quick successes and short-term problems, greedy problems, non-implementation of regulatory systems, and even circumvention of regulatory systems require strengthening supervision to compensate for shortcomings. "There is a high degree of vigilance about the nature and evolution of risks. Sex, for financial innovation, we must strengthen supervision, otherwise it will form some new risks.
 

Aziz said that Guangzhou is an innovative and dynamic city in the world. It is the world's innovation center and the world's entrepreneurial center. We are very supportive of the “Belt and Road Initiative”. There are many opportunities in it, we have to understand Such an opportunity.
 

Yukio Hatoyama said that the construction of the Greater Bay Area of Guangdong, Hong Kong and Macao should make the living space more entertaining, and Macao should be able to play its role in this respect. On the other hand, for the elderly population, when they are sick, facilities like hospitals are very necessary.
 

Mr Leung said that Hong Kong can make two contributions in building the Guangdong, Hong Kong and Macau Dawan District: gathering talents and gathering wealth. Hong Kong's talent centres and financial centres are Hong Kong's strengths and can match the construction of the Greater Bay Area. At the same time, it is recommended that the state coordinate the promotion of Guangdong, Hong Kong and Macao Dawan District construction planning from a higher level.