Quotable quotes from 12th Lujiazui Forum

Zhou Xiaochuan, former governor of the People's Bank of China

In terms of transparency, China has shown its willingness to solve problems in corporate governance and the quality of external audit. Over the past few years, authorities took measures to crack down on financial statement fraud, market manipulation and insider trading in the capital market. However, it needs time to improve regulation and corporate governance.

In a bid to further open up the capital market, the central government rolled outthe Shanghai-Hong Kong Stock Connect, the Shenzhen-Hong Kong Stock Connect and the Shanghai-London Stock Connect. In this respect, it could be further enhanced.

Larry Fink, chief executive officer of BlackRock Inc

After the COVID-19 pandemic, the world will face many changes in investor psychology, business mode, and consumption, and various industries should reassess their ways to do business, commute and transport.

However, whether it's asset management or investment, China will continue to be BlackRock's biggest opportunity in a long term. BlackRock will expand its business in China and improve its local experience, particularly in Shanghai. The company will help clients explore more opportunities in China and increase their onshore capital.

Singapore's Deputy Prime Minister Heng Swee Keat

Faced with the impact of novel coronavirus pandemic, no country can seek development on its own. Nations can achieve development and prosperity under an open and interconnected global economic system, and every country should join hands to cope with challenges.

Singapore and Shanghai, as two global financial center cities, are deepening cooperation in renminbi business, fintech and green finance, building new channels to promote the connectivity of the capital market, he said.