date to be announced soon
The Sino-German Center of Finance and Economics (SGC) is a registered association since 2015.
It emerged from the RMB initiative of the Government of Hessen to position the financial center of Frankfurt as RMB offshore hub. The opening ceremony took place in September 2015 at the German embassy in Beijing jointly conducted by the Deutsche Bundesbank and the People’s Bank of China.
Around 40 participants joined the first roundtable of the Sino-German Center at Frankfurt School on December 9th. Jochen Metzger, Director of Payments and Settlements at Deutsche Bundesbank and Dr. Stephan Bredt, Director General Economic Sector at the Economic Ministry of Hessen, addressed the introductory statements. Jochen Metzger stressed especially the importance of new developments in the world of central banks like, for instance, the introduction of digital currencies, a field in which the Chinese Central Bank, People’s Bank of China, is in fact a frontrunner. Dr. Bredt focussed on the role of central banks for sustainable and green finance and pointed out the strong interest of the government of Hessen to develop Frankfurt further on as a RMB-hub.
Statements have been also given by Dingxin Gao, chief representative of PBoC in Frankfurt and Dr. Han Chen, Co-CEO of CEINEX. Whereas Mr Gao confirmed that PBoC is strongly researching in the field of digital central bank money, Dr. Chen stressed the development of a Shanghai – Frankfurt stock connect. All speakers confirmed the need to accelerate the Sino-German Finance cooperation in the future and the importance of the Sino-German Center for this development.
Journey on paper: China in the eyes of Europeans in the past 400 years
– A book collector’s story
Dr. Han Chen, Co-CEO of CEINEX, the joint venture established by Shanghai Stock Exchange (SSE), Deutsche Börse Group (DBAG), and China Financial Futures Exchange (CFFEX), is a passionate book collector as well. He collects ancient books about China published in Europe in the final stage of the middle and the beginning of the modern age.
In November he delivered a presentation at Frankfurt School of Finance & Management about ‘China in the eyes of Europeans in the past 400 years’ based on his book collection. The event was jointly organised by the Sino-German Center at Frankfurt School and the Center for East-Asian Studies at J. W. Goethe University. Dr Chen shows on the basis of selected books from his collection the changing European perspectives on China. It seems that the Europeans look first up to the Chinese culture and achievements but changed this perspective gradually over time ending up with a poor judgement of I
In the lively and interesting discussion after the presentation, another important point despite the changing perspective of Europeans about China has been discovered. It seems that the mutual know-how and understanding about each other has turned around. Whereas in the past Europeans knew a lot about China, today Chinese experts know more about Europe than Europeans about China. In any case, the event shows again that understanding history can help to better promote exchanges and cooperation between Europe and China.
The Sino-German Center at the China Banking Day
The 6th China Banking Day of the Euro Finance Week took place on November 20th at the Congress Center in Frankfurt. The Sino-German Center was present with its Executive Board Members Dr. Stephan Bredt from the Ministry of Economics of the state of Hessen, Prof. Horst Löchel from Frankfurt School of Finance & Management, and Prof. Rüdiger von Rosen, President of the Frankfurt Society of Trade, Industry and Sciences. Dr. Bredt joint the panel about ‘Trade Relations between China, Europe and Germany’ where he stressed the importance of institutes like the Sino-German Center for the economic and political relationship between Europe and China. Prof. Löchel moderated the panel about ‘The two-way opening of the Chinese financial markets’. It turned out that China accelerates the opening up of its financial sector whereas Europe slowed down a little bit. The Sino-German Center was also present with a stall conducted by the project coordinator of the center Shasha Yuan.
In the Executive Board are representitives of the State of Hessen, the Deutsche Gesellschaft für Internationale Zusammenarbeit, Frankfurt School of Finance & Management, J. W.Goethe-University and others elected by General Assembly.
Prof. Dr. Horst Löchel, Co-Chairman, Professor of Economics and MBA Director, Frankfurt School of Finance & Management, Frankfurt
Prof. Dr. Rüdiger von Rosen, Co-Chairman, Honorary Professor of J. W. Goethe University and Honorary Consul of Latvia, Frankfurt
Dr. Stephan Bredt, Director General Economic Sector, Financial Services, Exchanges, Ministry of Economics, Energy, Transport and Housing of the State of Hessen, Wiesbaden
Thorsten Giehler, Country Director China, Deutsche Gesellschaft für International Zusammenarbeit (GIZ), Beijing
Prof. Dr. Iwo Amelungen, Professor of Sinology at J. W. Goethe University, Frankfurt
The Board of Trustees comprises the Deutsche Bundesbank, the Peoples Bank of China, the State of Hessen, the Deutsche Gesellschaft für internationale Zusammenarbeit, Frankfurt School of Finance & Management, J. W. Goethe – University as well as Renmin University of China.
Dr. Sabine Mauderer, Co-Chairwoman, Member of the Board of Deutsche Bundesbank, Frankfurt
CHEN, Yulu, Deputy Governor of People’s Bank for China
Dr. Phillip Nimmermann, State Secretary, Ministry of Economics, Energy, Transport and Housing of the State of Hessen, Wiesbaden
Thorsten Schäfer Gümbel, Vice Chairman of the Management Board of Deutsche Gesellschaft for International Zusammenarbeit (GIZ), Eschborn
Prof. Dr. Nils Stieglitz, President, Frankfurt School of Finance and Management, Frankfurt
Prof. Dr. Rainer Klump, Co-director of the Wilhelm Merton Centre for European Integration and International Economic Order, J. W. Goethe University, Frankfurt
Prof. Dr. Ben Shenglin, Dean, International Business School & Academy of Internet Finance, Zhejiang University, Hangzhou
Members of the Steering Committee are sponsors of the center as well as the executive board members. Four levels of sponsorships exist: platinum membership, gold membership, silver membership and bronze membership.
Forthcoming event, date to be announced soon.
Dr. Horst Löchel is Professor of Economics at Frankfurt School of Finance & Management, and MBA Programme Director. He is also a Visiting Professor at the China Europe International Business School (CEIBS) and member of the board of directors at the Shanghai International Banking and Finance Institute (SIBFI). Professor Löchel teaches and researches with a focus on China.
Prof. Dr. von Rosen serves as the President of Frankfurt Society of Trade, Industry and Sciences. In his former career, he worked for Deutsche Bundesbank later for the German Stock Market and as first CEO of Deutsche Börse. He is a honorary professor of Goethe University, honorary consul of Latvia and an international expert in captital markets and corporate governance.
Binqing Wang is a MBA student at Frankfurt School of Finance and Management. Graduated from Shanghai University of International Business and Economics with a bachelor degree in Corporate Finance and Fudan University with a master degree in Economics, he engaged in Sino-German exchange topics for more than 10 years.
Quality and Patient Safety Management
Prof. Iwo Amelungen
Prof. of Sinology, J. W. Goethe-University
Dr. Jochen Biedermann
Managing Director, World Alliance of International Financial Centers (WAIFC)
Dr Han Chen
Co-Chief Executive Officer, China Europe International Exchange AG (CEINEX)
Head of Department International Economy, Economic Council (Wirtschaftsrat der CDU e.V.), Konrad Adenauer Foundation
Board FIVV AG and CEO of VuV
Senior Market Infrastructure Expert, European Central Bank (ECB)
China Competence Center, IHK Frankfurt
Director Corporate Banking Coverage China, Deutsche Bank AG, Shanghai
Head International Relations, Bausparkasse Schwäbisch Hall
Director of Overseas Operations & Head of China Marketing, FrankfurtRheinMain GmbH
Advisory Corporate Clients, Commerzbank AG
Managing Director, Frankfurt Main Finance e. V.