Andrew Sheng, AGI Distinguished Fellow, argues in the South China Morning Post that China urgently needs high-quality financial development to achieve its 15th five-year plan goals of ~5% growth, technological self-reliance, and socialist modernization by 2035.
With per-capita GDP targeted at US$20,000 by 2030, a deeper, more inclusive and resilient financial system—emphasising macroprudential oversight, risk prevention, and measured openness—is essential to fund innovation, green development, and a high-quality real economy amid slowing growth and rising geopolitical risks.
Read the full article here.
Distinguished Fellow, Asia Global Institute
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The University of Hong Kong
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