China Finance 40 Forum

The China Finance 40 Forum or CF40 is a Chinese think tank created in 2008 which specializes on issues of economic and financial policy.
In January 2021, the University of Pennsylvania's Think Tanks and Civil Societies Program ranked CF40 as #8 top think tank in China, and #31 among think tanks in China, India, Japan
and the Republic of Korea.

History and development

CF40 was created on 12 April 2008 as a club of 40 finance experts under 40 years of age, thus its name. It was founded and developed by Wang Haiming, previously a journalist and chief editor at 21st Century Business Herald. Chen Yuan was its founding chairman.
CF40 is based in Beijing. It has also created the Shanghai Finance Institute in Shanghai and the Northern Finance Institute in Tianjin, in 2011 and 2016 respectively. Both these institutes have had Wang Haiming as their Executive President from their creation.
CF40 organizes events and conferences, alone or in partnership with other think tanks that have included Bruegel the Euro 50 Group, and the Peterson Institute for International Economics.
CF40 publishes studies and a periodical journal, China Finance Review. Its yearly Jingshan Report is a reference publication on China's financial system.

As of early 2021, CF40 advisers included Chen Yulu, Hu Huaibang, Hu Xiaolian, Huang Qifan, Jiang Chaoliang, Jiang Jianqing, Lin Yifu (Justin Lin), Qin Xiao, Wu Jinglian, Wu Xiaoling, Yi Gang, Yu Yongding, and Zhu Min.
Also as of early 2021, CF40's Academic Committee was chaired by and its members include Huang Yiping and Pan Gongsheng. Jin Keyu was an academic member in 2024. By late 2024, the chair of the CF40 Academic Committee was, and its other members were Bai Chong'en, Gao Shanwen, Long Guoqiang, and Zhu Jun.
In 2021, CF40's resident Senior Fellows included Guan Tao, and its nonresident Senior Fellows included Xiao Gang, Zhang Bin, and Zhang Xiaohui. By 2023, Dr Guo Kai was also CF40 Senior Fellow. By 2025, Guo Kai was the Executive President of the CF40 Institute.

The Bund Summit is a flagship event co-organized every year since 2019 by CF40 in Shanghai, named after the Bund. The 2020 Bund Summit was the venue for Jack Ma's speech on financial regulation in China which has been widely associated with the suspension of Ant Group's initial public offering.