Shanghai’s most high-profile financial forum has been officially postponed with organizers claiming the need to review key topics.
Shanghai’s annual Lujiazui Forum has been officially postponed because the organizers need to «further discussions on the key topics», according to a statement by the Shanghai Municipal Financial Regulatory Bureau.
While it wasn’t immediately clear if the event would be cancelled, an «SCMP» report citing officials from the Shanghai Information Office said it would be delayed. Separately, another unnamed government official said the forum might not be held this year at all.
The announcement was made yesterday for the forum which was originally scheduled to run today and tomorrow.
Lujiazui Forum
The event is named after Shanghai’s Lujiazui financial district and is considered the most important financial forum for the city. It is jointly held by the Shanghai government with financial regulators such as the People’s Bank of China and the China Securities Regulatory Commission.
This year’s event was titled «Role of Finance in the Steady Growth of World Economy», according to the forum’s website, with key topics that covered the opening of China’s financial sector, financial innovation, ESG and international financial cooperation.
Meanwhile, China is still battling the pandemic under its strict zero-Covid policy with more than 30 cities reportedly being fully or partially locked down. The postponement of the event coincided with Shanghai's detection yesterday of the first new Covid case in a week.
