In 2017, CF40 initiated the Jingshan Report Series, an annual research program focusing on the most relevant and critical financial issues in China. Authored by leading experts from the government, financial industry and academia, the report aims to formulate concrete policy proposals for China's financial reform and opening based on in-depth and up-to-date analysis. From 2017 to 2019, the program was led by Prof. Huang Yiping, Chairman of CF40 Academic Committee and Vice Dean of National School of Development at Peking University. The themes of the three years' reports are "Proactively and Steadily Advancing China's Financial Opening", "Strengthening Market Mechanisms to Promote a Modern Financial System in China" and "Supporting High-Quality Economic Development with Financial Innovation" respectively. Since their release, the reports have received high acclaim from policymakers, financial practitioners and academics worldwide.
Beginning in 2020, the project will be led by CF40 Nonresident Senior Fellow Xiao Gang. The theme of the 2020 Jingshan Report is “Economic and Financial Development and Policy Measures under the 14th Five-Year Plan".
The theme of the 2018 Jingshan Report is "Strengthening Market Mechanisms to Build a Modern Financial System in China". The Report holds that the past 40 years of financial reform and development in China shows a distinctive characteristic of "expanding market scale over building effective market mechanisms". The model has maintained China's financial stability and created a growth miracle, but it no longer meets the demands of economic development in the current stage. In the future, China should strengthen market mechanisms and establish a modern financial system. To this end, the Report makes policy recommendations across seven areas.
For an overview of the 2018 Report: http://new.cf40.org.cn/uploads/CF40/2018.pdf
