October 12, 2007. Shanghai campus - CEIBS officially opened the CEIBS Lujiazui International Finance Research Center today with a debut event featuring Bank of China Deputy Governor Zhu Min as keynote speaker. The exclusive presentation, which kicked off the CEIBS Lujiazui Finance Salon series, attracted more than 40 distinguished finance industry executives, influential government officials, and academics.

Bank of China Deputy Governor Zhu Min delivers an address at  CEIBS Lujiazui International Finance Research Center

In his address, Dr. Zhu pointed out that new trends in the finance have triggered fundamental changes in the industry during the past decade. Most significant among these, has been the shift toward the international finance industry gaining increasing influence over the global economy. Dr. Zhu identified the most critical finance-industry trends now impacting the global economy: finance-led global economic and financial integration; the worldwide excess liquidity; the "financialization"and "assetization" of economy; the rapid growth of foreign exchange market and the fluctuation of foreign exchange rates; the rapid growth of financial derivative products; the development of hedge funds, private funds and sovereign funds as key market players; structural fluctuation of international capital flows; the United States, and the U.S. dollar, emerging as a "super financial hegemony"; the increasing wealth concentration in specific business groups and families; and the "imbalanced" nature of both the finance industry and the global economy. Dr. Zhu then addressed each of these trends in depth. Using the 1998 Indonesian financial crisis as an example, he expressed his concerns over current global financial risk and risk control.

CEIBS President Zhu Xiaoming delivers a welcoming address

Following Zhu's presentation, other VIP speakers included CEIBS Finance Professor Chang Chun, who stressed that the new Center will focus on finding solutions to issues such as global financial risk. CEIBS President Zhu Xiaoming, also vice-chairman of the Standing Committee of the People's Congress of the Shanghai Municipality, added that CEIBS'Finance Salon Series will serve as a valuable platform for domestic and foreign financiers to discuss and exchange opinions on current industry issues.

Other industry leaders, government officials and academics attending the event included: CEIBS Vice President and Co-Dean Zhang Weijiong, Vice Director General of Shanghai Bureau of China Insurance Regulatory Commission Zhang Xing, People's Bank of China Foreign Exchange Department Director Zheng Yang; China Everbright Bank, Shanghai Branch President Wang Lanfeng, HSBC China Strategic Director He Shanweng; Minsheng Banking Corp. Vice President (China) Shao Ping; Bank of Shanghai Vice President Zhang Weiguo; First Sino Bank President Xie Hongyuan; and Penghua Fund Management CEO (Shanghai Branch) Zhou Gang.

The CEIBS Lujiazui International Finance Research Center was launched by China Europe International Business School (CEIBS) and Shanghai Lujiazui (Group) to serve as an authoritative and influential think tank for the development of Shanghai as an international financial center. The mission of the Center is to: 
- Conduct research on the critical issues related to the development of Shanghai as an international financial center; 
- Integrate resources at home and abroad, and provide a high-level platform for interaction, discussion and collaboration; 
- Offer first-class research, consulting and training services to financial institutions;
- Train senior international financial professionals capable of leading Chinese finance institutions into global competition; 
- Provide expert financial consulting services to the local governments.

The Center aims to serve as a source of innovation and intelligence dedicated to facilitating the development of Shanghai into an international financial center. CEIBS experts who have committed to working with the Center include:

- Wu Jinglian, Baosteel Chair Professor of Economics, CEIBS 
- Xu Xiaonian, Professor of Economics and Finance, CEIBS 
- Chang Chun, ABN AMRO Chair Professor of Risk Management, CEIBS, 
- Ding Yuan, Professor of Accounting, CEIBS
- Xu Dingbo, Professor of Accounting, CEIBS
- Zhao Xinge, Associate Professor of Finance, CEIBS
- Xu Bin, Professor of Economics and Finance, Subject Area Coordinator (Economics and Decision Sciences), CEIBS  
- Zhu Yu, Professor of Finance, CEIBS
- Zhang Yimin, Professor of Finance, CEIBS

Selected finance industry experts serving as adjunct professors at CEIBS:
- Wu Xiaoling, Deputy Governor, People's Bank of China
- Xiang Junbo, Governor, Agricultural Bank of China
- Zhu Min, Deputy Governor, Bank of China
- Gao Xiqing, General Manager, China Investment Corporation 
- Li Jiange, Deputy Director of Development Research Centre of the State Council of PRC
- Tu Guangshao, Vice Chairman, China Securities Regulatory Commission,
- Wang Huaqing, Commissioner of Discipline Inspection, China Banking Regulatory Commission
- Zheng Yang, Deputy Director-General, Shanghai Branch of the State Administration of Foreign Exchange
- Fang Xinghai, Deputy Director-General, Shanghai Municipal Financial Service Office