CHINA: TOWARDS A MODERN FINANCIAL SYSTEM

International Conference on China's Financial Reform
August 22-24, 1996
Beijing, China


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              "China: Towards a Modern Financial System"

         International Conference on China's Financial Reform
                          August 22-24, 1996
                            Beijing, China

     The Chinese Finance Association (CFA) is in the process of
     organizing an international conference in Beijing on
     monetary and financial reform and development of a modern
     financial system.  The conference is co-organized by the
     Committee of Economic Educational Exchange with the U.S
     (CEEEUS), Chinese Economists Society (CES), Center for
     China's Economic Research (CCER), and Chinese Society for
     Financial Studies (SFS).  It is scheduled to be held 
     August 22-24, 1996, in Beijing, China


     OBJECTIVE:

     The objective of the conference is to provide an opportunity
     through which the best economic researchers, government
     officials, and financial pratitioners, both from China and
     other countries, can get together and combine their
     collective wisdom to tackle various issues in modernizing
     China's financial system.  We expect that the proceedings of
     the conference will provide a systematic study of China's
     financial and monetary system, an insightful comparative
     study of existing financial systems in the world economy, a
     comprehensive review of the experience and lessons from the
     reforms in the past fifteen years, and therefore shed
     significant new light on the directions of further
     development of China's financial sector.  The results of the
     conference will be disseminated through various channels to
     policy makers, academics and practitioners.


     PARTICIPANTS:

     The main participants of the conference will consist of policy 
     makers from China and world-renowned scholars from both the U.S. 
     and China.  The conference also calls for submissions for 
     presentations at the conference.  The final participants from the 
     U.S. will be selected based on the excellence and relevance of 
     their proposals submitted to a joint committee by the CFA and the 
     CES.  Participants from China will be selected by the Chinese 
     co-organizers. 

     The following is a preliminary list of persons that we are 
     currently inviting to participate as special keynote speakers 
     and/or observers: 

     - Outside China

     Dr. Masahiko Aoki, Professor at Stanford University, and President
         of Japanese Association for Economics and Econometrics.

     Dr. Michael Boskin, Professor of Stanford University and Former 
         Chairman of Council of Economic Advisors for President Bush 

     Dr. Gregory Chow, Professor of Princeton University

     Dr. Paul Krugman, Professor of Stanford University and Clark 
         Medal Laureate

     Dr. Lawrence Lau, professor of Stanford University

     Dr. Ronald McKinnon, professor at Stanford University

     Dr. Merton H. Miller, Professor of University of Chicago and 
         Nobel Economic Laureate 

     Representatives from financial sponsors

     - Inside China

     Mr. Chen Yuan, Vice Governor of People's Bank of China

     Mr. Dai Xianglong, Ggovernor of People's Bank of China 

     Mr. Huang Da, Vice Chairman of Economic and Financial 
         Committee of People's Congress 

     Mr. Li Yining, Vice Chairman of Economic and Financial 
         Committee of People's Congress

     Mr. Liu Zhongli, Minister of Finance

     Mr. Wu Jinglian,  Deputy Director and Senior research Fellow of 
         Development and Research Center of the State Council 

     Mr. Zhou Daojiong, Chairman of China Securities Regulatory 
         Commission 

     Mr. Zhou Xiaochuan, Chief of State Administration for Foreign
	 Exchanges 

     Mr. Zhu Xiaohua, Vice Governor of People's Bank of China


     To get more information about the Chinese Finance Association, 
     please go to the Web page address http://www.aimhi.com/VC/tcfa/, 
     or send an email to tcfa@aimhi.com with 'TCFA Info' in the 
subject box.