2006- China Finance Forum

Author: Li Yang
Publisher:
Publish Date: 2006-06-01
Features: Since its establishment in mid-2003, the Institute of Finance (IFB) of the Chinese Academy of Social Sciences has been hosting the "IFB China Finance Forum." By the end of 2005, it had already held 87 sessions. The primary purpose of establishing this academic forum was to address the challenges of the "knowledge economy." Since the 1990s, the "knowledge economy" has undoubtedly been one of the most widely used concepts in both domestic and international economics. For such a novel phenomenon that is profoundly transforming our economic structure, production methods, social organization, as well as behavioral norms and cognitive paradigms, the theoretical community naturally offers various definitions. However, while perspectives may differ and emphasis can vary, there is a consensus: the knowledge economy signifies the continuous emergence of new concepts, methods, and materials, as well as the constant renewal of knowledge structures. Without a doubt, in the face of this "knowledge explosion," every researcher who wishes to keep up with the times and aspire to innovation must engage in lifelong learning. There are multiple approaches to learning. The simplest way, of course, is to go to school. However, for most individuals who have already entered the workforce and taken on social responsibilities, this approach is not practical. More importantly, the academic experiences of countless scholars tell us that the most novel, useful, and revolutionary knowledge is often difficult to obtain from the classroom—it is derived from practice and is gained through the mutual inspiration of experts as they tackle one new problem after another. Therefore, to continuously update knowledge and remain at the forefront of academia, what we truly need is to "bring in" scholars from both domestic and international fields and to allow researchers within the institute to promptly share their latest learning insights and research findings for discussion. In short, what we need is to foster an academic atmosphere where "the finest minds gather." Hosting seminars and academic lectures is precisely how such an atmosphere is cultivated. Like the "China Finance Forum" of the previous two years, "China Finance Forum: 2006" compiles the speeches of nearly 30 scholars who took the stage in 2005. We hope that this collection of speeches will contribute to the development of China's financial sector and the advancement of financial research.