The 2021 Financial Street Forum kicked off in Beijing on Wednesday.

With the theme of "Economic Resilience and Financial Accomplishment", the forum has attracted about 400 experts and professionals in the finance industry from home and abroad.

The forum, running from Oct 20 to 22, provides a platform of international exchange and cooperation for the financial industry.

Let's take a look at what some of the heavyweights are saying at the forum.

Chinese Vice-Premier Liu He

This year's event, focusing on economic resilience and financial accomplishment, highlighted the essences that financial industry should serve real economy, which is of great significance in current situation.

China's financial system should be more proactive in serving the real economy and effectively adjust monetary policy, especially to support the financing of the private economy and small and micro enterprises.

Meanwhile, China's financial system plays an important role in continuously supporting high-level opening-up and creating a fair market environment in the country, where the legitimate rights and interests of foreign-funded institutions are protected.

Furthermore, China's financial sector should support green and low-carbon development, strengthen regulation of financial technology and prevent risks.

Yi Gang, governor of the People's Bank of China

Under the socialist market economy system, the role and function of finance is to better allocate financial resources and provide financial services, including risk management, to market entities.

In aggregate terms, the growth of money supply and social financing basically matched the growth of nominal GDP.

In structural terms, the guiding role of monetary and credit policy tools should be given full play.

At present, more than 40 million market entities are supported by inclusive loans to SMEs. This is a highlight of Chinese economy's resilience and proactive accomplishment of the country's financial sector.

Chen Yulu, deputy governor of the People's Bank of China

China attaches great importance to the role of finance in green and low-carbon development and is one of the first countries to develop green finance. China is also an active practitioner of green recovery. China is constantly improving and optimizing its policy framework for green finance, as well as actively participating in and leading international cooperation in green finance.

Yi Huiman, chairman of the China Securities Regulatory Commission, the top securities regulator

Stricter regulation of mergers and acquisitions in some sensitive areas will be adopted to contain risk spillover, and different stakeholders should step up concerted efforts to establish a system of preventing the irregular expansion of capital.

The flow of capital is important for pushing forward technological innovation and high-quality development, but the nature of capital to expand on its own could lead to monopolies and harm the interests of consumers and smaller businesses.

Market-oriented methods will be adopted to mitigate bond default risks, such as asset sales, debt restructuring and the introduction of strategic investment by bond issuers and relevant parties.

Pan Gongsheng, vice-governor of the central bank and head of the State Administration of Foreign Exchange

China's real estate market and related financial markets showed some fluctuations, which is the expected response of market entities after individual enterprises' default.

Due to the financial regulators' guidance, the excessive increase of the risk appetite of financial institutions and the market has gradually been reversed, while financing behavior and prices in financial markets are gradually returning to normal.