Core Viewpoint - The "Shanben Finance" concept, as a new paradigm for China's financial development, emphasizes the integration of social value and financial functionality, aiming to reshape financial value from a societal perspective [1][2][3] Group 1: Concept and Practice - "Shanben Finance" is defined by the principles of "goodness as the soul, and numbers as the means," which aims to create a financial development logic that merges social value with digitalization [3] - The practice of "Shanben Finance" includes six dimensions: awakening the social role of finance, deepening service scenarios, transforming business logic, directing capital towards good, facilitating mechanisms for goodness, and promoting a culture of goodness [3] - The concept is supported by a series of publications titled "Shanben Finance: New Paradigms for Chinese Financial Development," which explores the integration of goodness and digitalization in financial services [3] Group 2: Challenges and Changes - The financial industry is currently facing three major changes: a shift back to service-oriented functionality, a digital transformation driven by technology, and a need for high-quality development in a stock economy [2] - The emphasis is on aligning financial services with social development, ensuring that financial institutions focus on serving positive societal entities [2][6] Group 3: Cultural and Theoretical Perspectives - The importance of Chinese financial culture is highlighted, emphasizing the need for a blend of historical traditions and modern governance concepts [4] - The "Shanben Finance" approach reflects a deep understanding of the principle of "finance for the people," integrating social responsibility into business models to address challenges in inclusive finance [4][5] - Experts agree that the "Shanben Finance" concept provides a valuable framework for achieving a balance between social good and profitability, demonstrating that financial institutions can serve both interests [6]

Core Viewpoint - The establishment of the China Capital Market Society is a significant measure to implement the important financial work discourse of General Secretary Xi Jinping and the decisions of the Party Central Committee and the State Council, aimed at promoting high-quality development of the capital market [2][3] Group 1 - The founding conference of the China Capital Market Society was held on July 26, 2025, in Shanghai, attended by over 100 representatives and guests from various sectors [2] - The conference approved important systems such as the "Charter of the China Capital Market Society" and established seven professional committees focusing on macro and industrial research, market stability and risk prevention, innovation development, market microstructure, futures and derivatives, international markets and openness, and legal protection for investors [2][3] - The conference emphasized the need for the society to conduct extensive research on national strategic issues, forefront areas of the capital market, and significant regulatory problems, aiming to become an important platform for capital market research [3] Group 2 - The society aims to build a digital research exchange platform, publish academic journals, hold high-level academic annual meetings, and create a pool of authoritative experts in the capital market [3] - Members are encouraged to focus on theoretical research, strengthen collaboration, and enhance communication among members to improve the influence of China's capital market narrative [3] - The society held a plaque unveiling ceremony and appointed directors and deputy directors for the professional committees [4]