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Principal Zhang Liqing gave a speech at the international seminar of “The financial stability of the new economy”

作者:     日期:2014-11-14    来源:

The international academic seminar of “The financial stability of the new economy and the management of the international liquidity” held by our school, International financial Academy and GIZ started in the third meeting room on Oct 21st. This seminar included main speech, two subject discussions and table discussion. Scholars from IMF, AMRO, America, Germany, Korea, CASS, The People’s Bank of China, CBRC, Peking University and teachers and students of the Financial School, all together 70 people, attended the seminar.


 
Our principal and the GIZ member Sebastian Paust gave a warm welcome, clarified the meaning of this seminar. Professor Menzie D. Chinn gave the main speech, analyzing the chances and challenges of the international re-balance and financial stability. Mr. Peter Wolff, Zhang Liqing each held the subject and table discussion. Mr. Bernd Braasch from Germany, Professor Yung Chul Park from Korea, Mr. Krishna Srinivasa from IMF, Professor Gunther Schnabl, Mr. Ulrich Volz , Mr. Thorsten Giehler from Germany, Wei Huaben from AMRO, Professor Zhang Liqing, Mr. Zhang Xiaopiao, Piao Yongxiang, Zhu Dantao, Li jie, Ouyang Yuanfen, Huang Zhigang and Tangxiang attended the meeting and gave fabulous speeches.


 
The scholars had a deep discussion of the connection between the QE policy after the financial crisis, the outbreak of international liquidity, the international imbalance and the capital rushing into the new economy, the potential risks of asset bubble or inflation together with the capital import and the political measures in face of the enormous inflow of capital. They argued that the enormous inflow of capital faced by the new economy was closely connected with the international imbalance of economy and the disadvantages of international monetary and financial system. They suggested that the present international monetary system should be changed, an international financial safe guard should be built, global policy cooperation as well as the internal policy coordination should be strengthened to decrease the risks. Meanwhile, professionals gave a deep analysis and bright prospect of the micro economic and financial situation of China, discussed the causes, influences and risks of the inflow of capital and hot money of China, giving plenty of good suggestions.

Bloomberg News, China Daily and China radio voice of the economy reported the meeting. FT, China Securities Daily, Social Science Reports and China Social Science Reports all continually reported the content of the seminar.

This seminar was one supported by the German Government. The Financial School, German Development Academy and GIZ held seminars together such as “Global Financial Crisis and the reform of international financial regulative structure”, “Cooperation of regional Finance and Regulation between China and Europe” from the year 2009, which have had facilitated the academic discussion and economic policy convention, also, enhanced the reputation and academic influences of the Financial School.