The Shanghai Advanced Institute of Finance marked its 10-year anniversary in Beijing on Saturday with an economic forum that attracted a host of financial experts, including 2018 Nobel Laureate in Economics Paul Romer. Our reporter Song Yaotian has more.

SONG YAOTIAN BEIJING "Nobel Laureates, policy makers and professors are all gathered here at the China World Hotel to discuss the future development of China's finance sector. It's an opportunity for me to catch up with some of the world's best economists in one spot. First things first, I wanted to ask their opinions on the hottest issue of the economic world -- the China-U.S. trade war.

American economist Paul Romer won the 2018 Nobel Prize for integrating technological innovations into macroeconomic analysis. Romer said that each country should seek new growth points and he doesn't think the trade tensions between Beijing and Washington will have a huge impact on China or the U.S.

Romer also said that the United States should be realistic about the differences of the role of government in economic development.

The director of a state-owned bank, senior officials from the Development Research Center of the State Council and the vice director of the Chinese Academy of Social Sciences were among the other guests that spoke at the forum. The speeches touched on financial support for small and medium-sized companies in the digital era, the opening of China's financial system and the global supply chain.

Professor Wang Jiang, who teaches at the Shanghai Advanced Institute of Finance and the MIT Sloan School of Management, discussed the challenges and risks facing the newly launched Science and Technology Innovation Board.