The 2017 Lujiazui Forum, a major financial event, opened on June 20 in Shanghai's Lujiazui Financial City.

The event was attended by more than 400 guests from home and abroad, including senior representatives from government, financial departments, international financial organizations, financial markets, financial institutions and enterprises.

The forum consisted of six plenary sessions, each session focusing on a particular topic. The six topics were "Financial Reform and Steady Development from a Global Perspective", "Uncertainty of Global Financial System and Solutions", "Supply-side Structural Reform and Financial Services Innovation", "The Joint Development of Shanghai International Financial Center and Scientific Innovation Center", "Shanghai Pilot Free Trade Zone, Belt and Road Initiative, and China's Financial Opening-up", and "Coordination and Balance between Financial Regulation and Financial Innovation".

Han Zheng, Party secretary of Shanghai, attended the opening ceremony of the forum and said that developing Shanghai into an international financial center is a national strategy and the city is expected to realize the goal by the year 2020. Therefore, Shanghai will focus on accelerating financial reform and innovation, deepening financial opening-up and cooperation, creating a better environment for financial development and strengthening financial supervision.

Han also praised the progress the Lujiazui Forum has made over the past decade, which he attributed to the support of the central government and financial experts from China and abroad.

Han said he hoped that the experts in attendance this year will continue to give insightful views about global financial governance and contribute to China's economic development and Shanghai's emergence as an international financial center.

The Lujiazui Forum has been held annually since 2008 and has been committed to promoting the integration of the Chinese and international financial systems, enhancing global dialog and cooperation in finance, and improving China's status in the international financial market.

The event is a joint effort of the Shanghai municipal government, People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission.