The 20th Anniversary and Annual Meeting of the International Finance Forum (IFF) commenced in the IFF's permanent site in Nansha district of Guangzhou, South China's Guangdong province, on Oct 28. 

Ho Hau Wah, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), sent a letter of congratulations to the event. Ho said that the IFF is an important platform and think tank for international financial exchanges, and a major venue for building a new type of international exchanges and facilitating the transformation of the Guangdong-Hong Kong-Macao Greater Bay Area into an international financial hub. 

Financial forces play a crucial role in maintaining stable and healthy economic development as the world enters a period of turmoil and transformation. He said he hopes that the forum can serve as a platform to strengthen international cooperation and promote global sustainable development. 

The annual meeting was centered around the theme of "New Capital, New Value, New World: Revitalization and Cooperation in a Fragmenting Global Economy". Government leaders, executives of international financial institutions, experts and scholars, and representatives of entrepreneurs from over 50 countries were invited to discuss and exchange views on major issues,  including the economy, finance, and trade, that have recently attracted widespread attention from the international community. 

Jointly established by the leaders of G20 countries and regions such as China, the United States, the European Union, emerging economies, as well as relevant international organizations such as the United Nations, the World Bank, and the International Monetary Fund, the IFF is a China-based independent, non-profit and non-governmental international organization that aims to facilitate high-level financial dialogues and collaboration.