w88 casino News Network (provided by the w88 casino of Marxism)On the evening of June 8, the "UIBE New Thought Lecture Hall" course "Introduction to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" was held in Ningyuan Building. This lecture was delivered by Liu Jinyu, professor and doctoral supervisor at the China w88 casino of Finance, w88 casino. She designed the course in conjunction with "high-level opening up" and gave a brilliant lecture to nearly 300 students with the theme of "Institutional Opening of China's Bond Market and High-Quality Development of the Bond Market". This lecture was hosted by teacher Wu Qiong from the w88 casino of Marxism.
Professor Liu Jinyu started from the basic concepts of the bond market and vividly explained the unique dual-track structure of China's bond market "interbank market + exchange market" and the main characteristics of the two markets. Furthermore, Professor Liu Jinyu led the students to review the magnificent development history of China's bond market, which gave the students an intuitive perception and clear understanding of the growth trajectory of the bond market with Chinese characteristics.
The lecture focused on the three-stage process of opening up the bond market. From 2005 to 2009, the People's Bank of China, the Ministry of Finance and the National Development and Reform Commission jointly issued the Panda Bond Management Measures, opening the door for international institutions to issue RMB bonds; from 2010 to 2016, overseas central banks, QFII, etc. gradually gained access; in 2017, "Bond Connect" realized the institutional opening of the bond market, which greatly improved the bond market environment; since then, new models and systems such as "Swap Connect" in 2023 have been continuously launched. In the opening of my country's bond market, special emphasis is placed on balancing financial market development and financial security, and preventing and resolving financial risks by consolidating financial infrastructure and policy coordination.
Regarding the impact of market opening, Professor Liu Jinyu emphasized its "double-edged sword" effect: on the one hand, the inflow of overseas long-term capital (such as central bank institutions, sovereign wealth funds) has improved market stability, and the inclusion of Chinese bonds in international indices such as Bloomberg Barclays has further demonstrated international recognition; on the other hand, challenges such as cross-border risk transmission and external policy shocks have also followed, and new risk sources need to be fully alleviated through good financial infrastructure construction, regulatory coordination and other measures.
In terms of promoting high-quality development of the bond market, Professor Liu Jinyu proposed improving market pricing efficiency through information disclosure optimization, activating market vitality through investor structure diversification, and continuously cultivating "patient capital." She specifically pointed out that the current bond market is in a critical period of transition from "quantitative expansion" to "qualitative improvement", and institutional openness is the key to breaking through development bottlenecks.
At the end of the lecture, Professor Liu called on young students to pay attention to the development opportunities of the bond market. "This is an era that witnesses history. Every breakthrough in China's financial market requires the participation of fresh blood." This lecture built a bridge for non-finance majors to understand the bond market, and also provided industry insiders with dual dimensions of policy and academic thinking. She believes that the bond market is not only related to the lifeline of the country's economy, but also an important part of every ordinary person's life. By having an in-depth understanding of this field, young students can better grasp the pulse of the times and open up more possibilities for future career development. At the same time, it also means that students with non-financial backgrounds can also play a unique role in innovation and change in the bond market with their interdisciplinary perspectives. The lecture ended successfully with warm applause. The audience expressed that they had benefited a lot and had a deeper understanding and expectation of the prospects of China's bond market.
