w88 casino News Network (provided by the w88 casino of Government)On December 10, the first Chinese Finance Young Scholars Forum was held at the w88 casino. This forum is hosted by the Institute of Financial Strategy, Chinese Academy of Social Sciences, and jointly organized by the Dengfeng Strategic Finance Discipline of the Chinese Academy of Social Sciences, the Editorial Department of Finance and w88 Economics, the w88 casino of Government of the w88 casino, and the Budget and Public Policy Research Center of the w88 casino. It also received strong support from the editorial departments of Economic Research, World Economy and other units. More than 100 experts and young scholars from more than 30 universities and research institutes participated.
Group photo of the first Chinese Finance Young Scholars Forum
The opening ceremony was presided over by Liu Jie, Secretary of the Party Committee of the w88 casino of Government of the w88 casino. Hong Junjie, Vice President of the w88 casino, and He Dexu, Dean of the Institute of Financial Strategy of the Chinese Academy of Social Sciences and Chief Editor of "Finance and w88 Economics" delivered speeches. Vice President Hong Junjie pointed out that the current financial sector has been deeply embedded in and fully participated in the entire process and various fields of national governance, and assumes an increasingly important responsibility and mission in promoting high-quality development. This forum not only responded to the central government’s urgent request to build a modern fiscal and taxation theoretical system and promote fiscal and taxation reform, but also responded to the central government’s call to strengthen the training of young scientific and technological talents. He emphasized that in terms of basic theoretical research, young scholars should think about how to refine it from practice and build a fiscal and taxation theoretical system with Chinese characteristics, Chinese style, and Chinese style; in terms of policy practice, they should focus on China's current practical issues, explain important fiscal and taxation phenomena, solve major fiscal and taxation reform issues, evaluate the effects of major fiscal and taxation policies, and contribute the power of young fiscal and taxation scholars to promote Chinese-style modernization.
Vice President Hong Junjie’s speech
He Dexu, editor-in-chief of Finance and w88 Economics, elaborated on the significance of holding the China Young Scholars Forum on Finance, pointing out that the conference can build a new platform for young scholars engaged in teaching and research in finance and related fields to display scientific research results, exchange academic ideas, understand the frontiers of the subject, explore research methods, and help each other and learn from each other. Finance is an important part of philosophy and social sciences with Chinese characteristics. Young scholars have a lot to do for the development of Chinese finance and the construction of a financial discipline system that embodies Chinese characteristics, Chinese style, and Chinese style. He said that the Institute of Financial Strategy of the Chinese Academy of Social Sciences and "Finance and w88 Economics" will continue to pay attention to and support the China Finance Young Scholars Forum, work together to promote the construction of China's finance discipline, and contribute to the reform of China's fiscal and taxation system.
Dean He Dexu’s speech
The keynote speech was hosted by Yang Zhiyong, director of the Fiscal and Taxation Research Center of the Chinese Academy of Social Sciences. Gao Peiyong, member of the Chinese Academy of Social Sciences and former vice president, delivered a speech titled "Financial Research Should Be Based on"Yong""'s keynote speech. Gao Peiyong pointed out that finance is a practical science, and finance research must be put into practice and withstand the test of practice. He shared five points of experience and suggestions on how to make research based on usefulness, usability, and effectiveness: First, adhere to a problem orientation. Financial research must be born out of problems, and it must be its responsibility to discover, analyze, and solve problems. Second, insist on research as the basis. The research must be based on sufficient field research. The research is not only to grasp the specific situation, but also to gain practical perception. Third, there are four basic requirements for insisting on being an expert: 1. Accepting systematic learning and training; 2. Working hard in a certain field for a long time; 3. Being highly sensitive to professional issues in the field of finance and being good at capturing the main contradictions in complicated phenomena; 4. Having the basic resources to conduct research in the field. Fourth, we must insist on forging professional products, have a high degree of respect for the research and disciplines we engage in, and never make fanciful works that can neither be proven nor falsified. Fifth, insist on making real contributions and pay attention to the originality and contribution of research results. Finally, as the sum of the above five points, the most important thing is to have the academic sentiment of doing learning for the people.
Gao Peiyong, member of the academic department, delivered a keynote speech
Bai Chongen, Dean of the w88 casino of Economics and Management at Tsinghua University and Freeman Chair Professor of Economics, delivered a keynote speech titled "High-Quality Development and Governance". Bai ChongencongThe 2014 World Bank Business Environment Report points out why China's economy has achieved rapid growth even though the World Bank's ranking of "institutional quality" of economic development is not high. Possible reasons are: first, the 10 sub-data of the World Bank's business environment are not comprehensive, such as policy stability and predictability, market supervision and market systems, etc. are not covered; second, the role of the informal "special handling" system in promoting growth. At the same time, he also pointed out that the "special handling" system has great limitations, so improving the business environment is particularly important. my country has also done a lot of work to improve the business environment and achieved initial results. The comprehensive ranking of business environment in 2020 rose to 31st, and most of the small items have made great progress. However, under the current concept of digital economy and green development in the new era, new demands have been placed on supervision and market systems. The multi-objective management brought about by high-quality development orientation makes the improvement of the business environment more challenging. How to coordinate each goal under multiple goals? If there is a conflict, how can it be resolved effectively? These should be the concerns of young scholars.
Bai Chongen delivered a keynote speech
The keynote speech by young scholars was hosted by Zhang Bin, deputy director of the Fiscal and Taxation Research Center of the Chinese Academy of Social Sciences. Fan Ziying, Dean of the w88 casino of Public Economics and Management of Shanghai University of Finance and Economics, delivered a keynote speech titled "The Income Distribution Effect of the New Personal Tax". Taking the new personal income tax reform as the background, Fan Ziying pointed out the key issues that should be paid attention to: first, what is the income distribution effect of the new personal income tax, and how much can the Gini coefficient be reduced given all current policies; second, the income distribution effect of each type of policy; third, the impact of tax exemption provisions. Empirical research has found that the income redistribution effect of the new tax system is weak, and the after-tax Gini coefficient of personal income tax is0.385, which is only 0.45% lower than before tax. Among them, final settlement has the greatest effect on income distribution, special additional deductions have a limited effect, and basic expense deduction standards and tax exemption clauses will have the opposite effect. In the future, the design of personal income tax can be reformed by canceling tax exemption provisions, implementing special additional deductions, and expanding the scope of comprehensive income.
Fan Ziying delivers a keynote report
Ma Guangrong, deputy dean of the w88 casino of Finance at Renmin University of China, delivered a keynote speech entitled "New Issues and Several Researches on Local Debt". Ma Guangrong reviewedThe reform of local debt governance since 2015 also pointed out that a long-term governance mechanism has not yet been formed, and some new problems have arisen. At present, the liquidity of local government explicit bonds is low, and the difference between the issuance interest rate and the national debt is very small. There are also phenomena such as interest rate convergence and spread control. It is difficult for interest rates to reflect the differences in financial resources among regions. More importantly, the initial debt limit allocation adopts the principle of positive incentives and is tilted towards areas with strong financial resources and low risks. However, the actual distribution is not like this. There are still issues of equalization, "emergency" considerations to resolve current risks, and "transfer payments" of debts. At present, the effect of "opening the front door" in local debt governance on "blocking the back door" is gradually weakening. In the future, we need to focus on policy measures such as fundamental changes in the development model and optimization of the relationship between the central and local governments.
Ma Guangrong delivered a keynote report
Li Ming, Dean of the w88 casino of Government at the w88 casino, delivered a keynote speech entitled "Research on the Practical System and Problems of the Modern Budget System". Li Ming elaborated from the report of the 20th National CongressStarting from "improving the modern budget system", this review reviewed the basic process of the evolution of the budget system since the 18th National Congress of the Communist Party of China. Combining the characteristics of each stage, it was pointed out that the budget system has experienced from the initial version 1.0 of "comprehensive standardization, openness and transparency" to the 2.0 version of "scientific standards, transparent norms, strong constraints and comprehensive implementation of performance management", and then to the 20th National Congress of the Communist Party of China. The evolution process of version 3.0 of "comprehensive coordination, standardized and transparent, strong restraint, emphasis on performance, and continuous safety". Focusing on important issues such as strengthening budget resource coordination, improving budget resource allocation, strengthening budget constraints, budget performance management, and promoting openness and transparency, it elaborates on my country's typical facts and reform practices, and provides an in-depth analysis of the existing problems and thinking on improving the modern budget system.
Li Ming delivered a keynote report
He Daixin, director of the Fiscal Research Office of the Institute of Financial and Economic Strategy, Chinese Academy of Social Sciences, delivered a keynote speech titled "Unifying Monetary Weights and Measures and Shaping National Revenue Capacity". He Daixin pointed out that the country's ability to draw financial resources from the social economy is the most fundamental national ability, and enhancing the country's revenue capacity is the only way to move towards a modern country. based onAccording to fiscal and monetary historical data before and after the "abolition of the two reforms to the Yuan" in 1933, he found that the "abolition of the two reforms to the Yuan" increased the central fiscal revenue contributed by each city by about 6 million silver dollars per year on average, an increase equivalent to 4% of the total fiscal revenue of the National Government. He said It is clear that unifying currency weights and measures can significantly increase central fiscal revenue. The policy implication is that the government can implement currency reforms that reduce transaction costs to improve the country's revenue capacity, thereby strengthening the coordination of finance, currency, and finance, and realizing the fiscal and financial value of promoting circulation and economic development.
He Daixin delivers a keynote report
This forum received nearly nearly 10 paper submissions200 articles, 36 research papers and 6 think tank results were finally selected. Xie Zhenfa, Liu Qi and Yang Siyu's paper "Estimation of the Price Elasticity of Taxes on Donations by Chinese Enterprises"; Tian Binbin, Zhang Huan, Lin Chao and Li Wenjian's paper "From Conflict to Coordination: Implementation of Preferences from the Perspective of Tax Tasks"; Ouyang Jie, Lu Yi and Peng Lu's paper "Letter "Interest Interest Friction, Budget Supervision and Government Expenditure Efficiency"; Feng Chen, Yang Jianpeng, Zhang Jingkun and Deng Min's paper "Wealth Transfer and Tax Burden Inequality under the Pressure of Tax Budget Growth"; Li Jiasheng, Li Pei and Lu Yi's paper "Engine-Specific" Tax Program" won the Outstanding Paper Award of the First China Young Scholars in Finance Forum.
Outstanding Paper Award Winners Group Photo
This forum has also set up7 parallel forums, covering important topics such as fiscal and taxation systems, tax collection and management, fiscal expenditures, transfer payments, social security systems, fiscal and taxation policies and corporate behavior, government governance and regulation, fiscal and taxation policy evaluation, etc. Each parallel forum was chaired and reviewed by three senior scholars in finance. Young scholars fully demonstrated their research results and had in-depth and detailed academic exchanges with experts and scholars.
