Copy a complex international environment with high -quality financial development
November 27, 2023 10:04 Source: "China Social Sciences", November 27, 2023, Issue 2781 Author:

In recent years,Global geopolitical relations continue to be tight,The scope and influence of the waves continuously extended outward,It has a huge impact on multilateral trade exchanges and world economic growth。At the same time,The increase in global financial risks and the deterioration of the investment environment are gradually spreading。For this,my country needs to actively respond to this complex external environment,Ensure that national finance and economic security,Effectively promote high -quality financial development。

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Current,The international political and economic environment is full of uncertainty,Financial risks and geopolitical conflicts intertwined with each other,Not only does the global economic growth rate slow down,It also caused a great impact on the stability of the world financial system。First, the long -lasting geopolitical conflict affects multinational political games。As the conflict is long -term、Expansion,Related countries are constantly upgrading,The geopolitical situation that was originally fragile became more and more stressful。Second, the price increase of commodities around the world affects multinational fiscal policies。Due to the continuous rise in energy costs,and the scale of the spread of crisis is getting larger and larger,Some countries have been forced to take a series of financial intervention measures to prevent economic collapse。At the same time,Global commodity price fluctuations、Significant fluctuations bet365 best casino games in the capital market and the impact of global production chains have further affected the stability of global economic and financial stability。Third, the global high -level operation forced interest rates。Since March 2022,The Fed has raised interest rates 11 consecutive times,Cumulative interest rate hikes reach 525 basis points。In order to avoid the depreciation of the country's currency,Many countries have to frequently "passively" raise interest rates,Leading the consumer price index (CPI) and unemployment rate is high,At the same time, the American banking industry has once again hit the alarm clock for the global financial market。

The impact of the above factors has slowed the growth of global economic growth,seriously affects world financial stability,It also makes my country's financial market face huge uncertainty。On the one hand,Geopolical conflict stalemate is not lower,Exhaust the panic of the financial market,my country's financial market stability pressure is obvious。Based on the demand for hedging,International financial capital accelerates from emerging market countries to developed economies,further exacerbated the balance of exchange rates and external capital accounts in developing countries。On the other hand,Global inflation high,Forced countries to accelerate the pace of interest rate hikes,This is contrary to my country's financial policy direction。The continuous improvement of the US dollar interest rate triggers its strong cycle,Make the financial and currency system of developing countries face great pressure。

  Accelerate the ability of the financial system to resist risk

The Central Financial Work Conference held recently to point out,To fully strengthen financial supervision,Bet365 app download Effectively prevent and resolve financial risks。In the current background,In order to better adapt to the complex and changeable international environment,my country urgently needs to accelerate the ability of the financial system to resist risk,Effectively prevent financial risks across regions、Cross -market、Cross -border transmission resonance。

First,Enhance financial supervision Globalization perspective,Reinforcement of supervision of cross -border financial and cross -border capital flows。On the one hand,Continue to improve the construction of the legal system,Make sure the stability and regional heterogeneity of policy expectations,Actively respond to new risks、New Challenge。On the other hand,In -depth promotion of the formulation and adjustment of international financial rules,Promote multilateral and bilateral financial supervision cooperation,Actively create a good external environment that is conducive to "going out",Resolutely maintain national financial sovereignty、Security and development benefits。

2,Improve the risk monitoring and early warning mechanism,Make sure the financial system is effective。Especially in the current situation of uncertainty in international environment,my country should also focus on strengthening macro monitoring,Dynamic recognition risk points and release an early warning plan,Perfect the Pasting Prevention、The full -chain system process that resolve and the aftermath block。Another,my country should also focus on preventing bank liquidity risks。The Bank of China Insurance Supervision and Administration Committee in the "Administrative Measures for the Lobricity Risk Management of Commercial Banks" released in 2018,Establishing a commercial bet365 best casino games bank's liquidity risk management framework。But due to the successive thunder of European and American banks since 2023, it has attracted widespread attention,and liquidity risk has the characteristics of external infectivity,my country's financial regulatory authorities shall further the trend of dynamic changes in the international financial environment,Continuous adjustment of regulatory indicators and update supervision methods,To ensure the rationality and effectiveness of supervision。

third,Follow input financial risks,Promote the stable development of the financial industry。With the opening of the financial industry to the outside world, it continues to deepen,The degree of linkage between China's financial market and foreign financial markets has continued to increase,The volatility of the international financial market has also been increasing on the Chinese economy,The input risk facing my country's economy continues to increase。So,my country should pay close attention to foreign economic situation,Especially the uncertain risks caused by economic policy changes in other countries。Effective use and development of financial risk management tools,Enhance the prospect of my country's financial policy,Weaken the spy risk of fluctuations in the international financial market。

Fourth,Orderly promote the internationalization of the RMB,Enhance the ability of the financial system to resist pressure。First,Actively promote the signing of bilateral currency exchange agreements with more countries,Provide stable currency liquidity support for the exchange between the two parties,To a certain extent, the guarantee of the two parties pays external payment。Future,my country should also continue to expand bet365 live casino games the scope of cooperation,Improve the convenience level of currency exchange。Next,Stable promoting the level of opening capital projects。Strengthening bank loans of banks、Cross -border Guarantee and Enterprise's overseas investment business,Promoting Capital Project Exchange,Forms a win -win situation for overseas investors to implement more convenient investment and domestic investors with more active overseas financial assets。This will enhance international investors' willingness to hold RMB,International status that helps improve the RMB。Last,Relying on the “Belt and Road” initiative and international cooperation platforms such as Asian Infrastructure Investment Bank,Improved the influence of RMB in the "Belt and Road" countries。

 Focus on consolidating the internal vitality of financial development

As far as the financial industry itself is concerned,,Promote the high -quality development of finance、The following three points should be made to speed up the construction of a strong country of financial financial countries。

First,Promoting creating high -efficiency and safe financial infrastructure system。Although the traditional cross -border payment system depends on the financial infrastructure led by the United States and Europe,But the development of digital currencies, especially the central bank's digital currency, will have a significant impact on future transformation of cross -border payment systems。So,my country should actively participate in the construction of the global digital currency cross -border payment system and the formulation of related international standards。At the same time,Empowerment through science and technology,Further strengthen big data、Blockchain and other emerging technologies and financial infrastructure interact with each other,bet365 Play online games Constantly improving the depth of the domestic financial market、Width and toughness,Help the high -quality development of the financial industry。

2,Accelerate the digital transformation of the financial industry。Encourage financial institutions to develop orderly development,Strengthen the management of financial data,and promote the open sharing of data between institutions,Finally form a financial big data platform。On the one hand,Use my country's banking industry、The existing digital transformation advantage and achievements of the financial industry exist to foreign abroad,Enhance my country's financial output ability。On the other hand,While increasing the degree of digitalization of the country,Promote good practice at home and abroad、By -directional communication of standards and experience。

third,Promoting the Basel Agreement III fully implemented in my country。The "Capital Management Measures for Commercial Bank Capital" revised by the former China Bank Insurance Supervision and Administration Committee will be implemented from January 1, 2024,This means that the Basel Agreement III enters the countdown in my country。Basel Agreement III fine management、Basic data quality、Model complexity and system computing power performance put forward higher requirements。my country can take this as an opportunity to improve its own financial business management level,At the same time, the advanced experience of the Basel Commission in bank supervision,Effectively promote the high level of financial opening to the public。

  (This article is the State Social Science Fund's major project "'Belt and Road' Investment Security System Research" (19ZDA101) phased achievement)

(The author is a professor at the University of International Business School of Foreign Economic and Trade; a doctoral student at the University of International Business School of Foreign Economics and Trade)

Editor in charge: Zhang Jing
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