(Yicai) Dec. 15 -- The 20th China International Finance Forum, which had Yicai Media Group as its strategic media partner, kicked off in Shanghai yesterday.

The two-day event, which was supported by the People's Government of Hongkou District in Shanghai, was held by international bodies, including the International Banking Federation, the International Capital Market Association, the Global Association of Central Counterparties, the China Association For the Promotion of Development Financing, and the Shanghai Institute of International Economics.

The China International Finance Forum is committed to driving the Chinese financial market's opening up and internationalization, providing an exchange and cooperation platform for financial institutes and policymakers at home and abroad, and making in-depth discussions on the development perspective of the Chinese financial sector.

Chinese and foreign guests attend the 20th China International Finance Forum.

Enhanced international communication, coordination, and cooperation are required to achieve high-quality development of the finance sector in the digital economy era, Shang Fulin, former head of the China Securities Regulatory Commission, said in his keynote speech.

Helmut Ettl, executive director of the Austrian Financial Market Authority and deputy chairman of the European Banking Authority, delivers a speech at the forum.

The New Development Bank will continuously push for global growth and focus on financing regional projects, Vladimir Kazbekov, vice president and chief operating officer of the Bank, said in his speech.

Next year is the 30th anniversary of Bank of New York Mellon's entrance into the Chinese mainland market, as well as the US lender's 240th anniversary, Chen Fangfang, chairwoman of BNY Mellon Asia Pacific, noted during her keynote speech.

Editors: Shi Yi, Futura Costaglione