Core Insights - The "Phoenix Bay Area Financial Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst changing global dynamics [1] Group 1: Financial Sector Insights - Li Dongrong, former Deputy Governor of the People's Bank of China, emphasized that finance is a crucial driver of changes in global trade patterns [3] - He described finance as the "gearbox" of economic growth, highlighting its role in influencing economic acceleration and transitions [3] - Understanding the evolution of global trade requires attention to both economic variables like tariffs and financial variables such as exchange rates and capital flows [3] Group 2: Policy Recommendations - Li Dongrong advocated for continuous deepening of financial reform and opening up, asserting that openness is essential for national prosperity [3] - He proposed high-level foreign openness in response to uncertainties in U.S. trade policies, aiming to mitigate the impacts of tariffs and export controls [3] - The goal is to create a resilient financial system that aligns with China's economic strength and international status through a balanced approach to openness and security [3]