Moderator:

• Xiaochun Liu, Professor at Shanghai Advanced Institute of Finance (SAIF), Deputy Director, China Academy of Financial Research (CAFR) at Shanghai Jiao Tong University, Vice President of Shanghai Finance Institute (SFI)

Speakers:

• Naina Batra, CEO of AVPN

• Nick Hurd, Chair of GSG Impact (Video)

• Qiang (Braven) Zhang, Chairman of China Social Enterprise and Impact Investment Forum (CSEIF), Professor of public management at the School of Social Development and Public Policy at Beijing Normal University
  

Moderator:

• Duoguang Bei, President of CAFI; Chair of GSG Impact China National Partner

Speakers: 

• Chunsheng Pan, Vice President of China Association for Public Companies

• Weizhong Zhang, Chairman of Shanghai Pudong Development Bank

Keynote Speech:

• Guangshao Tu, Cochair of IFCII; Former Executive Vice Mayor of Shanghai; Former Chair of Shanghai Advanced Institute of Finance (SAIF), Shanghai JiaoTong University

• Xu Hu, Head of Research at CAFI;Secretary-General, IFCII 

The international order is undergoing profound adjustments, and global cooperation faces severe tests. Yet, the core challenges confronting human society remain unchanged: climate change continues to intensify, green transition remains the only path forward, and high-quality development is still China's unwavering strategic choice. This session invites guests from international organizations, leading enterprises, and the financial sector to share their perspectives—reviewing the achievements brought by persistence, examining current trials, and exploring how cooperation and openness can continue to play a role under new circumstances. What should we persist in? How do we persist? Let us find the answers in this dialogue. 

Moderator:

• Shuo Qin, Co-director, Business Civilization Research Center of China

Speakers: (by Alphabetical order of last name) 

• Chavalit Frederick Tsao, Chairman of TPC (Tsao Pao Chee); Founder of OCTAVE

• Yi Yang, Chairman of LaoFengXiang

• Ji Zou, CEO & President of Energy Foundation China

In recent years, ESG has evolved from a relatively unified global narrative into a highly fragmented regulatory puzzle. Concurrently, green trade barriers are increasingly on the rise. For Chinese enterprises accelerating their globalization, identifying risks and grasping rules in a drastically diverging regulatory environment, while pragmatically seeking development under green trade barriers, has become an urgent task. This forum invites representatives from globalized enterprises and financial institutions to jointly explore the challenges and coping strategies under this new reality.

Moderator:

• Zongming Ma, Director of International ESG Research Center and Chief ESG Analyst, China Galaxy Securities, Global Head of ESG, CGSI 

  
  

Remarks:

• Jun Zhang, Chief Economist & Head of Research of China Galaxy Securities, Director of the AFCA Green Finance Cooperation Committee

  
  

Keynote Speech:

The Fragmentation of ESG Regulations: Challenges and Strategic Responses for Chinese Enterprises 

• Weiguo Zhang, Professor at Dishui Lake Advanced Institute of Finance, Shanghai University of Finance and Economics; Former Member of the International Accounting Standards Board (IASB)

  
  

Panelists:

• Yanfei Ye, Former Level I Inspector at the National Financial Regulatory Administration (NFRA)

• Yifang Liu, Director of the Sustainability Standards Research Center, Central University of Finance and Economics; Professor, Doctoral Supervisor, and Head of the Department of Macroeconomics, School of Economics, Central University of Finance and Economics

• David Bo, Author of Ins and Outs of International Mining ; Independent Director of Zijin Mining, Asia-Potash International Investment, Lingbao Gold
  

Against the backdrop of a widening global funding gap for climate and development finance, the importance of blended finance as a key tool to leverage commercial capital into sustainable development has become increasingly prominent. However, blended finance faces two core challenges in practice. First, how can catalytic capital effectively mobilize commercial investors? Development financial institutions, philanthropic foundations, and commercial investors have varying risk appetites, requiring exquisite balance of interests in transaction structure design. Second, how can project investability be enhanced? Many projects with sustainable development potential fail to attract capital due to inadequate risk assessment, lack of data, or unclear business models. This workshop brings together development financial institutions, domestic and international foundations, and commercial investors. Using real cases, participants will conduct structured deconstruction and solution discussions around the core bottlenecks of implementing blended finance.

Moderator:

• Patrick Jin, Market Research and Engagement Lead of Climate Bonds Initiative China Programme; CEO of Green Shore Plan

  
  

Session I: Tit for Tat (35 min)
“What exactly is blended finance?" - Building consensus through controversial issues.

Panelists:

• Tzu-Kuan Chiu, Professor & Academic Director of the Sustainable Finance Discipline Development Fund at Shanghai Advanced Institute of Finance, SJTU

• Xiaozhen Li, Sustainable Finance Lead, Sustainable Investment and Finance Program, WRI China

• Frances Lin, Senior Investment Officer, China Country Anchor, FIG, IFC 

  
  

Session II: Group Co-creation (35 min)

Analyzing practical cases by sector to explore the implementation path of blended finance.

Groups:

• Green, Decarbonization and Climate Reaction

• Healthcare and Rural Revitalization

• Technological Innovation and Social Value 

  
  

Session III: Outcome Discussion (20 min)

Each group presents their outcome, and experts make comments.

Experts:

• Ping Wang, Founder & Chair of China Social Entrepreneur Foundation

• Jiantuo Yu, Deputy Secretary General of China Development Research Foundation
  

Slowing economic growth, frequent climate disasters, and profound transformations in employment paradigms—shocks are never evenly distributed; they invariably land first on vulnerable groups: farmers hit by extreme weather, gig workers lacking social security, households with highly volatile incomes, and micro-enterprises with fragile cash flows. They are both the "capillaries" of the economy and society, and the most easily broken links in the risk transmission chain. Centered on resilience, this forum invites practitioners from financial regulatory authorities and financial institutions to share frontier explorations in their respective fields, jointly seeking viable paths for finance to safeguard vulnerable groups and stabilize the economic fundamentals.

Moderator:

• Xu Hu, Head of Research at CAFI，Secretary-General, IFCII 

  
  

Panelists（by Alphabetical order of last name）:

• Yu Hu, Member of the Party Committee, Member of the Executive Committee, Vice President, and Secretary of the Board of Directors of CICC Wealth Management

• Yanli Ning, Product Team Leader of Department of Group Clients, Ping An Property & Casualty Insurance Company of China, Ltd

• Roman Novozhilov, Head of ESG, New Development Bank

• Fangzhu Sun, Deputy General Manager, Group Customer Product Management Department，‌China Pacific Property Insurance Co., Ltd.‌

• Yolanda Yun Zhu, Co-Regional Lead, Sustainability & Climate Finance Advisory, FIG - Asia and the Pacific, IFC

The Central Financial Work Conference explicitly required strengthening financial services for technology-based enterprises across their entire chain and life cycle. However, in practice, significant cognitive gaps and service disconnects still exist between the financial system and innovative tech startups. The asset-light, high-risk, and long-cycle characteristics of startups naturally mismatch with traditional financial service models; meanwhile, enterprises themselves often lack the capability and awareness to communicate effectively with financial institutions and investors. Breaking away from conventional one-way discussions, this workshop uses structured dialogue to bring together banks, investment institutions, and startup founders. Focusing on real needs and service pain points from the seed stage to the growth stage, they will conduct joint diagnoses, co-create solutions, and explore innovative pathways for tech-finance services.

Moderator:

• Jasper Shen, Director of Strategy and Market Partnerships at New Energy Nexus China

  
  

Session I: Flash Roadshow (25 min)
Three innovative technology companies will share their experiences of getting financing.

• Yongchong Chen, Founder & CEO, HAWAGA Energy Storage

• Jeremy Yu, CEO, IN2ORBITS Group 

• Helen Yan, Business Development Director, Brick

  
  

Session II: Multiple Perspectives (25 min)

Speakers:

Scholar's perspective—Where does the structural mismatch in Tech Finance lie?

• Xiaochun Liu, Professor at Shanghai Advanced Institute of Finance (SAIF), Deputy Director, China Academy of Financial Research (CAFR) at Shanghai Jiao Tong University, Vice President of Shanghai Finance Institute (SFI) 

Bank's perspective –What are the things banks want to do and what breakthroughs and innovations we have made.

• Jun Mu, Assistant General Manager of the Technology Finance Department, Head Office, Shanghai Pudong Development Bank (SPD Bank) 

  
  

PE's perspective – What did PE/VCs see but banks didn't?

• Yan Jiang, Partner & Chief Sustainability Officer, China Grand Prosperity Investment

  
  

Session III: Group Co-creation (25 min)

Find solutions based on specific scenarios.

Session IV: Outcome Discussion (15 min)

Each group presents their outcome, and experts make comments.

Experts:

• Zhaodi Wang, Former Chief Inspector of the Former China Banking and Insurance Regulatory Commission

• Jie Xiao, CEO of New Energy Nexus China