The fifth annual CF40-NRI Finance Roundtable was held in Beijing on June 21, 2015. Experts from China and Japan discussed experiences and lessons from the "going out" practice of the two countries.
At the seminar Wang Yiming, Deputy Secretary-General of the National Development and Reform Commission (NDRC), first gave an overview of the changing global economic landscape and China's "going out" strategy. He was followed by Zhao Jinping, Director-General of the Department of Foreign Economic Relations Research at the Development Research Center of China's State Council (DRC), who talked about regional cooperation under the "Belt and Road" framework and China's opening-up strategy. And Zhang Yuyan, director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS), gave a speech on the innovative measures and strategies for promoting China's overseas investment.
On the Japanese side, C. H. Kwan, a senior fellow at the Nomura Research Institute (NRI), pointed out in his speech that China had yet to increase its return on overseas investment. Shigeki Maeda, Director-General of the Invest Japan Department at the Japan External Trade Organization (JETRO), talked about the current state of foreign investment in Japan and explained JETRO's function. Naoko Nemoto, research fellow and managing director at Standard & Poor's Japan, gave a speech on Japan's overseas investment and how non-governmental financial institutions could play an active part. Eiichi Sekine, NRI's Beijing chief representative, provided information on the policy and financial support to Japanese firms' going out efforts, which China could take as a reference.
Attendees at the seminar also discussed how China could increase return from its overseas investment, how exchange rates affected Japan's foreign investment, and the government's role. Wang Haiming, CF40 Secretary-General moderated the Roundtable.