Davos Pulse Consultation for the World Economy in the Summer of 2019

The 13th Annual Conference of New Leaders of the World Economic Forum (Summer Davos Forum) was held in Dalian, Liaoning Province, from 1 to 3 July. Nearly 2,000 guests from more than 100 countries feel the changes in China at close range. In the summer of 2019, Davos became a platform for spreading Chinese voice. During the annual meeting, the political and business academics of all countries and the media discussed and exchanged with each other, effectively interacted with each other on the issues to be solved in industrial 4.0 and the establishment of new rules of international public relations, and closely discussed new technologies, new ideas, new models and new formats, so as to keep abreast of the new trends of the global economy and explore world development. New directions and new trends of international cooperation.

Reporters in the Summer Davos Annual Conference venue saw that many interactive meetings and videoconferencing were held in the Forum Hall and Studio Hall one after another, and the participants had a collision of ideas. Talking about the theme of this summer's Davos annual meeting, "Leadership 4.0: A Way to Success in the New Age of Globalization", Alan De Haizi, co-chairman of Dalian Summer Davos Annual Meeting and CEO of Deco Group, Switzerland, said: "Leadership is also a role model, and many people, especially the younger generation, are seeking it. A new way to lead business can have a positive impact on society, which is very important for the future society.

"Enterprises are the basic cells of the economy, while enterprises thrive and the economy thrives." Ning Gaoning, chairman of China Chemical Group, said, "Chinese enterprises are beginning to pay more attention to technological progress and long-term development. The transformation and upgrading of Chinese enterprises will promote the transformation and upgrading of China's economy. China's economic transformation and upgrading, manufacturing industry bear the brunt. Nowadays, China's manufacturing industry is developing in the direction of high technology content and high added value. Liaoning is a big province of industrial manufacturing industry, and attaches great importance to the development of real economy. This year, the Liaoning issue first appeared at the Summer Davos Annual Conference. The topic planned and promoted by Liaoning Province, Shaping China's Future Financial Industry, was scheduled for the first of 200 meetings in Davos this summer. At the Summer Davos Forum, Liaoning entrepreneurs dared to step onto the international stage, face the world and share experiences and views. Li Zhengqiang, chairman of Dalian Commodity Exchange, a guest speaker in Liaoning Province, explained his views in connection with the deepening of diversified opening-up transformation of Dalian Commodity Exchange. Li Zhengqiang believes that the derivatives market composed of forward, futures, options and swaps can provide an effective price risk management platform for enterprises. In the process of high-quality development of the real economy, the real enterprises need to have the ability of risk management and make good use of the derivatives market in order to cope with the fluctuation of commodity prices. The impact. Although commodity prices fluctuate, the rationality of commodity derivatives trading and futures hedging function play an active role in stabilizing the market and hedging risks.

"It's not easy to bring the development of derivatives market into Davos issue!" Li Zhengqiang said with emotion after the annual meeting. In 2014, Dalian Commodity Exchange was formally admitted as a member of the Summer Davos Annual Meeting. Since Li Zhengqiang first participated in the Summer Davos Annual Conference, he has proposed two successive futures market forums during the annual meeting to attract trades from all over the world. In his view, this will not only enrich the content of the Summer Davos Annual Conference, but also promote the construction of China's futures market and Dalian's regional financial center. Cao Tianyou, chairman and CEO of Weishenma Technologies (Dalian) Co., Ltd. said: "Some new ideas of the participants at the Summer Davos Annual Conference opened my eyes. The participants talked about how to defuse risks in the real economy, which is very inspiring to the financial and technological enterprises that have just started. They solved the financing difficulties and financing problems in the enterprises. After you get enough funds, you need to improve the efficiency of fund use and risk management ability. With the help of Davos Platform in summer, Liaoning showcases its development achievements and shares China's experience. During the preparation of this summer's Davos Annual Conference, the Dalian Municipal Government set up a special topic group. One of its responsibilities is to raise important issues related to China, especially the sustainable development of Liaoning's economy and society, in accordance with the international and domestic economic situation. The topic group gathered think tank experts from universities in Liaoning Province. After extensive launching, the study put forward 12 topics and 3 agenda items. On this basis, we will actively consult with the World Economic Forum and strive to incorporate issues related to Liaoning's economic and social development into the agenda of the annual meeting. Eventually, the two topics on the development of China's financial derivatives and the interpretation of the foreign investment law submitted by Dalian City became the official topics of this annual meeting. The topics were named "Shaping China's future financial industry" and "China's new policies towards foreign enterprises", respectively. The topics attracted many guests to participate in the discussion.