Experts discuss China's role in global financial governance

In recent years, China's high-level financial opening-up has made significant strides, not only sharing development opportunities with the world, but also injecting strong momentum into global growth, experts said at the recent Chinese and Foreign Financial Cultural Exchange Conference held in Beijing.

"Chinese financial culture has contributed valuable insights and wisdom to improving global financial governance," said Liu Qing, a tenured associate professor at School of Economics and Management, Tsinghua University.

China's boost for the internationalization of the renminbi and the development of a cross-border digital payment system offer new perspectives for the global financial landscape, Liu said.

"Rather than seeking to replace the existing economic framework, these efforts aim to foster diversified growth in the future, serving as a complementary addition to the global economic system," he added.

He Ping, associate dean, School of Economics and Management at Tsinghua University, said that Chinese financial culture embodies deep-rooted civilizational heritage, blending traditional Chinese values with modern financial principles to form a unique and compelling cultural core.

"This cultural DNA of China's modern financial industry also serves as a Chinese solution for global financial governance," he said.

The event also served to promote Finance for Foreigners: An Essential Guide (Foreigner Edition), a bilingual Chinese-English book that provides a guide covering financial services for foreigners in China.

The bilingual Chinese-English book gives a comprehensive guide for both domestic and international readers, covering everything from daily payments to investment and business operations. Enriched with over 30 instructional videos, it serves as a practical "handbook" and a convenient "pocket guide" for navigating life in China and abroad.

The event was jointly held by the Beijing Banking Association, Finance.china.com.cn, School of Economics and Management at Tsinghua University, and supported by the Bank of China Beijing Branch, guided by the Beijing office of the National Financial Regulatory Administration.

Yin Mingyue contributed to this story.