On May 30, the 1st "Training for Financial Leaders of Developing Countries" opened at Tsinghua University PBC School of Finance (Tsinghua PBCSF). High-ranking governmental financial and economic officials from 19 developing countries including Nigeria, South Africa, Brazil, Tajikistan and Myanmar attended the training program for China's economic and financial development.

The training aims to promote the policy coordination and communication between South-South countries, advance policy reform, make institutional preparation for international coordination to promote economic restructuring and cope with economic and financial risks, and offer experience.

In the seven-day training, the trainees will visit financial institutions such as People's Bank of China, China Development Bank and Asian Infrastructure Investment Bank, as well as CRRC Group. The training is organized by the Finance Center for South-South Cooperation (FCSSC) and Tsinghua PBCSF, and sponsored by South-South Education Foundation and CTBC Bank.

Wu Zhong, Vice Chairman of FCSSC, presided over the opening ceremony. Deng Wei, Deputy Party Secretary of Tsinghua University; Cai Esheng, former Vice Chairman of the China Banking Regulatory Commission and Chairman of FCSSC under the UN framework; and Wu Xiaoling, Dean and Chairwoman of Tsinghua PBCSF addressed the ceremony. They warmly welcomed the trainees to China, noting that this program aims to bring together financial leaders of South-South countries, to discuss the role of finance in promoting South-South cooperation, the role of China, as well as the opportunities and challenges to be faced by South-South countries.

"In the context of economic globalization, while addressing its problem of sustainable development, China is deepening cooperation with foreign countries to growth with them, and to promote the balanced and sustainable development of the world economy. China is committed to promoting regional economic cooperation and deepening the practical cooperation with emerging and developing countries," said Deng.

"In the new period, we should not grade countries by economic development level, because every country is part of the world economy and the entire world pattern," Cai has his own understanding of the economic development of developing countries, "So it is very important for every country to find a path of economic development suiting them," said him.

"In historical development tens of years after the World War, the goal of world peace and equal cooperation has been recognized by a growing number of people, the economic development of countries, especially developing countries, has influenced the stability of the world economy and drawn global attention. Developing and expanding South-South financial cooperation is an effective way to improve collective self-supply ability, as well as a positive force improving international economic environment," said Wu.

Following the opening ceremony, Wu gave the first lecture on China's financial reform. She introduced China's financial system and burgeoning inclusive finance to the representatives from developing countries. Benjamin Tettey Botchway, Head of General Services, Ministry of Finance of Ghana; Natangue Ithete, Deputy Minister of Finance of Namibia; Du Taili , Chief Representative of Beijing Office, CTBC Bank and Biru Paksha Paul, Chief Economist of Bangladesh Bank delivered speeches and communicated with Wu.

On the night of May 29, a welcome banquet was given for the "Training for Financial Leaders of Developing Countries". Zhao Cen, Deputy Party Secretary and Associate Dean of Tsinghua PBCSF and Wu Zhong, Vice Chairman of FCSSC, attended the banquet and delivered welcome speeches. Master and doctor students at Tsinghua PBCSF presented impressive performances to the trainees who have come all the way here, arousing bursts of cheer.