At present, China’s financial open-up has entered a substantial promotion stage, and as an important link thereof, opening-up of insurance industry plays a unique role in financial opening-up. Under the new opening-up pattern of finance and insurance industry, and in the new situation of pan-asset management and integrated development, it has become an urgent topic to discuss and study how China’s insurance asset management institutions should grasp development opportunities, meet challenges head on, how to promote standardized transformation and sound development of the insurance and insurance asset management industries, and how to achieve innovation and high-quality development in compliance.

In recent years, in the face of a complex international environment and arduous tasks of domestic reform, development and stability, China's economy has maintained a generally steady development trend. However, the Sino-US trade issue is still unresolved and, given the aftershocks of domestic market’s breaking the rigid payment, can China’s economy maintain low volatility and high-quality, stable development in the future? And what opportunities and challenges will China’s macroeconomic development face?

At present, China’s economy presents a basic trend of making progress while maintaining stability on the whole. In terms of virtuous circle of national economy, China’s economy is undergoing a structural change, and is at a critical stage of transformation from traditional driving forces to new ones; From the perspective of the financial field, the monetary policy has seen steady operation, financial structural deleveraging is promoted steadily, and the reform of financial system has achieved considerable results. In the process of promoting economic transformation and upgrading, and promoting finance’s really returning to the source and focusing on its main business, law plays an irreplaceable role as an important regulatory force; the deep integration of law and other industries and the green and sound functioning of law itself have become an inevitable trend of sustainable development of the society.

In light of the questions and reflections brought about by the new trend of the times and the new changes in the industry, the Green Legal Global Alliance (GLGA), Sina Finance, Beijing DOCVIT Law Firm will jointly host “Forum on Private Equity and Asset Management in the New Regulatory Era and Release Conference of Legal Health Index of National Private Equity Industry” to discuss the above-mentioned issues. At the forum, Legal Health Index of National Private Equity Industry will be released for the first time, so as to comprehensively and objectively reflect the development status of China’s private equity industry, and look into its development trend in the future.

At present, the international situation is getting increasingly complicated, and China is also facing the practical test of economic growth slowdown, economic transition and increased financial risks. The Fifth National Financial Work Conference set the tone of the current Chinese financial industry, i.e. decisive and bold reform and innovation, and made major arrangements for the next-stage financial reform and financial regulation, and for building a financial legal system in line with China’s national conditions.

The 1st Forum on Development and Innovation of Chinese Law Firms is a forum to study and judge the development trend of the industry, a forum for exploration and thinking, and a forum for achievements sharing and exchange. It provides the lawyers nationwide and even people in all sectors of society with an important platform for resource sharing, information exchange, problem analysis and interaction, injecting a force of innovation into China’s rule of law cause, contributing wisdom and strength to the smooth, proper functioning of Chinese lawyer profession. The forum has fully integrated and given play to the resource advantages, created a good study and discussion atmosphere, built an extensive communication platform, to together welcome the 19th CPC National Congress!