The outbreak of financial crisis of USA in September caused severe threat to global economy. The G20 was advanced from ministerial meeting to summit conference. During the PIT Summit in 2009, G20 Summit was formally institutionalized and became the main institutional platform of international financial governance. The international financial governance mechanism experienced the great turn from the “G8/G7 period” to the “G20 period”.

The Cape Town Conference focused on how to ensure the stability of world financial market, the reform of IMF and the World Bank, etc.

The Melbourne Conference focused on global economic prospect, solutions of energy and mineral problems, etc.

The Beijing Conference discussed major global economic problems, reiterated the common targets and responsibility of nations in achieving balanced and sustainable development.

The Berlin Conference focused on the current macro-economic situation, promotion of stability and development under globalization, construction of financial sectors and institutions, tackling abuse of international financial system and regional integration, etc.

The Morelia Conference focused on challenges of global economic increase, prevention and solution of financial crisis, tackling terrorist financing, etc.