w88 casino News Network (Contributed by the National Institute of Opening up)On October 26, the "Models, Impacts and Responses to Financial Sanctions" seminar was held at the w88 casino. The seminar was hosted by the National Institute of Opening up and co-organized by the "Belt and Road" PPP Development Research Center. Fu Jun, a professor at the w88 casino of Law at the w88 casino, Qi Kai, an associate professor at the Institute of Globalization and Global Issues at the China University of Political Science and Law, and Chen Qichao, a senior consultant on export control at King & Wood Mallesons, were invited to attend the meeting. Associate Professor Bian Yang, a researcher at the National Institute of Opening-up and the w88 casino of Finance, presided over the meeting.
Associate Professor Bian Yangpointed out that financial security issues have become an important issue of great concern at the national level, and financial sanctions from outside have a negative impact on national financial security. The macro-finance research team he belongs to focuses on financial sanctions-related research with the support of the National Development and Research Institute. He hopes to listen to experts' suggestions on financial sanctions models, impacts and responses through this seminar, and further strengthen interdisciplinary, multi-field and in-depth exchanges and cooperation.
The experts participating in the meeting discussed the theme of the meeting.Fu Jun, Professor of Law w88 casino, w88 casinopointed out that financial sanctions are a series of punitive measures aimed at cross-border financial financing, and range from foreign exchange,CHIPS (New York Clearing House Interbank Payment System) and SWIFT (International Funds Clearing System) further explain the commonly used financial sanctions model in the United States. Professor Fu Jun emphasized that due to path dependence, the SWIFT sanctions tool is the most "deadly". The sanctioned party will lose financial information transmission channels and will be unable to use the modern and convenient financial system. In the long term, our country should further promote the internationalization of the RMB and "prepare for rainy days."Associate Professor Qi Kai, Institute of Globalization and Global Issues, China University of Political Science and LawThe financial sanctions imposed by the Western world on Russia are analyzed from the perspective of political science and international relations. Associate Professor Qi Kai discusses the particularity of Western sanctions against Russia since the Russia-Ukraine conflict, the cognitive roots of financial sanctions, the prospects of sanctions and the relationship between the West and the West-Non-Western relations and other aspects were elaborated on, and it was emphasized that our country should adhere to bottom-line thinking and strengthen research on relevant countermeasures.King & Wood Mallesons Export Control Senior Consultant Chen QichaoDiscussed with everyone from a practical perspective"U.S. Economic Sanctions Practices and Corporate Compliance Practices." Attorney Chen Qichao introduced the similarities and differences between export controls and financial sanctions, and analyzed in detail the complex legal system of economic sanctions in the United States. He said that our country should formulate comprehensive response measures and strengthen policy guidance at the government level. Professional institutions will focus on collecting typical dilemmas and difficulties of enterprises and hand them over to experts in relevant fields for classification and resolution, so as to help enterprises establish an effective compliance management system as soon as possible.Zhang Zhuoshi, a doctoral candidate at the w88 casino of Finance, w88 casinoSharedResearch results of the research group "Assessment of the Impact of U.S. Financial Sanctions on Russia and Lessons for my country". The research focuses on the issue of RMB w88 pricing in the context of "de-dollarization", uses the multi-period double difference method, and through empirical testing, reaches the conclusion that "bilateral currency swap agreements have an enhanced effect on the w88 pricing function of RMB." On this basis, it is suggested that my country should continue to steadily promote the signing of bilateral currency swap agreements and local currency settlement cooperation between central banks, and continue to deepen currency cooperation.
