On May 25, 2015, Former Fed Chairman Dr. Ben Bernanke visited Shanghai and attended the Shanghai Forum organized by Fudan University. During his visit, he had an interesting conversation with Prof. Zhang Jun, Dean of the School of Economics and a leading economist in China. During the conversation, Dr. Bernanke talked about his difficult moments in the financial crisis, evaluated QE’s importance and difficulties in the implementation, effects of US rate hikes on emerging markets, China’ economy, liberalization of its capital account, and inclusion of RMB in the SDR basket.