China is seeking structural changes to its growth model amid its economic slowdown. The 2016 financial street forum has opened in Beijing and is focusing on determining  what financial reforms are needed to better support economic restructuring.

Noble Prize-winning economist Myron Scholes says China should provide more support for small and medium sized enterprises.

A key challenge is to deal with so-called “zombie companies.” Renowned Chinese economist Wu Jinglian says the financial system should not serve all enterprises, but only the good ones.

Regarding China’s growing debt issue, participants are calling for more efficient capital markets to provide funding for enterprises.