Ladies and Gentlemen,
Every city has its character. Located at where the Yangtze River flows into the Pacific Ocean, Shanghai has been a pioneer of opening in China. The city’s development is made possible by its character, competitive edge and steps toward greater opening. Having myself worked here, I know personally just how important it is for Shanghai to be open and for China to keep the city open. Indeed, openness, innovation and inclusiveness have become the hallmark of Shanghai. They are also a vivid reflection of China in the new era and its commitment to development and progress.
To capitalize on the important role of Shanghai and other areas in China’s opening-up, we have made the following decisions: First, we will expand the China (Shanghai) Pilot Free Trade Zone to include a new section, and will encourage and support bold and creative steps by Shanghai to advance investment and trade liberalization and facilitation so that more of its successful practices may be replicated in other parts of China. Second, we will launch a science and technology innovation board at the Shanghai Stock Exchange and experiment with a registration system for listed companies. We will also support Shanghai in cementing its position as an international financial center and a hub of science and innovation, and steadily improve the fundamental institutions of its capital market. Third, we will support integrated development of the Yangtze River Delta region. We will make it a national strategy and implement our new development philosophy in real earnest. We will build a modern economic system, and adopt higher standards for reform and opening-up. The region will develop in tandem with the Belt and Road Initiative, the Beijing-Tianjin-Hebei coordinated development area, the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area, and will help improve the overall layout of China’s reform and opening-up.
Ladies and Gentleman,
The CIIE is an event hosted by China with the support of the WTO and other international organizations as well as a large number of participating countries. It is not China’s solo show, but rather a chorus involving countries from around the world. I hope that at the Hongqiao International Economic and Trade Forum, you will brainstorm ideas for reforming the global economic governance system, for jointly safeguarding free trade and the multilateral trading system, and for working together to foster an open global economy that is innovative and inclusive. Together, let us contribute to our common determined efforts to build a community with a shared future and usher in an even better tomorrow for mankind!