w88 casino News (provided by China Institute of Finance)On the afternoon of November 4th, the China w88 casino of Finance at the w88 casino was successfully held in Conference Room 506, Boxue BuildingChina-U.S. Banking Roundtable Dialogue. The dialogue invited five guests including Allen Berger, Distinguished Professor of the University of South Carolina, Zong Liang, Chief Researcher of the Bank of China Research Institute, Wang Gang, Director of the Macro Finance Research Office of the Institute of Finance, Development Research Center of the State Council, Professor Qian Meijun, Research Director of the Institute of Finance of the People's Bank of China, and Kuang Chun, Associate Professor of the China Institute of Finance, to participate in the roundtable discussion. More than 50 teachers and students from the China Institute of Finance, including Professor Wang Tianyi, Dean of the China Institute of Finance, Associate Professor Lu Liping of the w88 casino of Finance of Renmin University of China, Associate Professor Bian Yang, Lecturer Fan Zhongjie and Lecturer Guo Jiarui of the China Institute of Finance, attended the roundtable meeting. The meeting was chaired by Professor Gong Di, head of the Banking Management Department of our institute.
Dean Wang Tianyi delivered a speech first.He pointed out that the current global economic situation is complex and ever-changing, and China and the United States are interacting more and more frequently in the economic and financial fields. As the core of the modern economy, the development of the banking industry is not only related to the economic growth of the two countries, but also plays a vital role in global financial stability. Through this roundtable dialogue, we hope to have an in-depth exchange of experiences in regulatory policies, financial technology, sustainable development and other aspects of the banking industries of the two countries, and jointly explore the future development opportunities of the banking industry. Dean Wang Tianyi specially thanked all the speakers and participants and wished this roundtable dialogue a complete success.
Professor Allen Berger delivered a keynote speech entitled "Global Banking".He first listed various risks and problems that may exist in the international market under the development of economic globalization, and focused on the research, policies and data related to global bank supply chain finance for analysis. On the one hand, supply chain globalization can bring advantages such as cost reduction, market expansion, resource optimization, and innovative development to participating countries. On the other hand, supply chain globalization is more sensitive to external factors such as politics, economy, and natural disasters, and supply disruptions may exacerbate the risk of international contagion. At the same time, managing global supply chains involves different laws, cultures and operational norms in different countries, adding to the complexity of management. The global banking system can help alleviate the above problems by providing a variety of financial products and services, remote customer service technology, etc., promote the sustainable development of economic globalization, and at the same time, it can better adapt to the regulatory requirements of different regions and improve compliance efficiency. Finally, Professor Allen Berger showed us the global layout of systemically important banks through a distribution diagram. After the keynote speech, the two participating students discussed with Professor Allen Berger on issues such as "China-US differences in mergers and reorganizations of small and medium-sized banks" and "Definition of large and small banks".
Researcher Zong Liangaround"Development of China's Banking Industry"Speak on this topic. He cited a series of development data of my country's banking industry and pointed out that the total scale of my country's banking industry has ranked first in the world, and its development scale has exceeded expectations. At present, the development direction of banking institutions is showing a trend of diversification. Banks of various types and sizes are competing with each other, which has promoted the organizational system of the banking industry to become more complete, with their own characteristics and positioning, and will further promote the development of the real economy. Technological changes will also sweep across the banking industry. Major international banks have invested heavily in the field of financial technology and achieved transformation by increasing investment, acquiring financial technology institutions, or cooperating with them. Our country's banks are closely following the trend of science and technology, increasing investment in science and technology and attaching importance to digital transformation through the establishment of financial technology subsidiaries and other methods.
Researcher Wang Gangaround"Several issues that need to be paid attention to in promoting the high-quality development of China's banking industry"Make a speech. Regarding "better grasping the relationship between banks and the real economy," he believes that the banking industry should be promoted to benefit the real economy in a sustainable manner and achieve symbiosis and co-prosperity between finance and the real economy. It is necessary to pay attention to the prominent issue of the recent rapid narrowing of net interest margins in the banking industry and support the Chinese banking industry in maintaining the necessary profit margins to support risk pricing. Regarding the "new changes in the banking industry structure", he suggested that necessary window guidance should be provided in a timely manner to large banks' downward competition, and that necessary operating space should be reserved for small and medium-sized banks. Regarding "how to optimize the merger and reorganization strategy of small and medium-sized banks to improve the quality and effectiveness of reformed risks", he emphasized the need to optimize support policies to avoid excessive rapid decline; remove unnecessary restrictions on M&A activities and enrich adjustment methods; on the basis of physical changes in mergers and acquisitions, strengthen the industry and social empowerment of small and medium-sized banks by creating "three types of platforms + one system" to promote the realization of "chemical changes"; implement differentiated supervision and reduce compliance costs; attach importance to the role of the central AMC, a market-oriented professional risk resolution agency.
Professor Qian Meijunaround"Challenges in the development of the banking industry in China and the United States"Make a speech. She pointed out that modern economic theories are mostly based on Western thinking and experience and may not be applicable to other countries, especially Asian countries. China's financial system has unique characteristics, such as the background of state-owned banks, the strength of government policy guidance, and unconventional finance outside the market, banks, and government. She compared the Chinese and American banking industries from the perspectives of advantageous channels, moral hazard, innovative methods, risk taking, market competition, policy tools and financial crises, and analyzed their respective advantages and challenges. Each economic and financial system has its own advantages, disadvantages and governance incentives. Scientific research should pay attention to the institutional differences caused by cultural values.
Associate Professor Kuang ChunPost titled《The Rise of Digitization and Digitalization in Banking》's speech. Associate Professor Kuang Chun analyzed the potential impact of financial technology (FinTech) on the banking industry from the perspective of the market role and role of traditional banks. From the two dimensions of positive and negative effects, she used literature analysis to show everyone the improvements brought by financial technology in banking technology, information barriers, efficiency, profits, etc. She also emphasized that financial technology may lead to an increase in credit costs and an acceleration of risk contagion.
The meeting finally entered the round table discussion and exchange session. Teachers and students just“Competition between FinTech and Traditional Banks”AND"The expansion of large banks"and other issues were discussed with the guests on site.
It is reported that this Sino-US Banking Industry Roundtable Dialogue will be one of the important academic exchange activities held by Professor Allen Berger when he visited the China w88 casino of Finance at the w88 casino.
