Chinese, Foreign Experts Discuss Risk InvestmentThe 2001 China International Financial Forum (CIFF) opened in Beijing Tuesday with the main theme of "risk investment and China's financial system reform".A spokesman for the Financial Policy Research Center of the People's University, sponsor of the forum, said that some 400 officials and experts from the financial circles will discuss issues concerning risk investment and system innovation, China's financial system reform and the operational models for risk investment in the two-day forum. Over the past few years, China's risk investment has had fast development. By the end of last year, the number of risk investment institutions had reached 200, with total investment exceeding 30 billion yuan (about 3.7 billion U.S. dollars). However, risk investment has also met with many problems in its development, such as how to enlist risk investment into the overall framework of financial system reform, how to correctly position the role of government in risk investment and how to raise and manage risk capital, the spokesman said. In line with these problems, the forum has selected a number of topics including the relationship between China's financial system reform and risk investment, government's function in developing high-tech industries and risk investment, the organizational patterns of risk capital that are suited to Chinese conditions, as well as legal issues related to risk investment. The first CIFF was held in 2000 and it will be an annual event to follow the latest developments in Chinese and overseas financial fields and provide guidance for domestic financial policies and practices. |
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