On December 28, 2015, Professor Zhao Changwen from the Development Research Centre of the State Council was invited to the 55th session of SUSTC Lectures and gave a lecture on the logic of financial reform. The lecture was chaired by Prof. Liu Luchuan.

Prof. Zhao Changwen is a renowned scholar, an excellent education adminstrator, Senior Consultant of China Enterprise Reform and Development Society the adjunct professor at Peking University,  Tsinghua University and other colleges and universities, who is enjoying State Council special allowance.

In his lecture, Professor Zhao Changwen introduced his new book and made in-depth anlysis of the current overdeveloped domestic financial system​,centering on the topic “ From Predation to Sharing”. By presenting the topic, Prof. Zhao offered the proposals on the financial reform and conveyed evolutionary views and perspectives.

“So what caused the financial crisis of 2008? ”, Prof.Zhao first asked the question. “Before the financial crisis, most of the people believed that the development in finance depends largely on the development of the economy.In this context,the finanical industry was being too far away from the real economy and brought the  excessive development in the industry. That is the negative externality, which can be called the Predation,caused the financial crisis to erupt,”said Prof. Zhao. 

The sharing economy is supposed to minimize this variation.

Prof. Zhao also discussed the “overdeveloped”and“underdeveloped”chinese finace and the understanding of the competitive and cooperative view.

During the Q&A Prof. Zhao answered questions raised by SUSTC students.