Deepening international financial cooperation, RCEP enough bonuses

Faced with a complicated world market, the international community to promote open cooperation desire and motivation are enhanced. In 2022 financial street BBS annual meeting held a few days ago, the guests stressed that under the RCEP framework to strengthen financial cooperation is gathering force of cooperation, to relieve the trapped, gathered in the innovation of the development of the trend of good, we need to promote RCEP regional financial infrastructure interconnectivity, deepen regional financial cooperation and promote economic recovery. RCEP implementation of the cross-border investment, mergers and acquisitions, etc, and the member countries in the financial industry to the high level of commitment to open is to deepen regional financial cooperation, and to accelerate the process of regional integration. Icbc international chief economist and managing director Cheng Shi RCEP as present a counter-cyclical adjustment, "is a psychological boost, a new hope", to suppress protectionist tendencies, help China to achieve a higher level of opening to the outside world, promoting global economic recovery benefit a lot from it. He thinks, the implementation of the RCEP significantly reduced barriers to trade and economic cooperation between member states, can promote the flow of all kinds of factors of production, effectively stimulate the vitality of economic development of member countries, bring new historical opportunity for the economic development of member states. In further promoting regional commodity flow, technology flow, service flow, capital flow, optimize the industrial chain of the supply chain structure, on the basis of the implementation of the RCEP extends the cross-border financial service object and the partner, capital factors in the allocation of resources will be give full play to the role of. And that cannot leave the financial infrastructure interconnectivity between member states. In response, the Chinese insurance industry association, vice President of dong lu jun, to steadily increase the RCEP area of rules, regulation, management and open type system, such as the standard, accelerate the establishment of the new digital infrastructure technical support.

RCEP, he says, the member states of the financial development level between differences, system perfect degree, financial infrastructure, all parties should combined with actual situation countries have formulated according to the different country strategy, support policy regulation, industrial technology and services, push forward regional economic integration. RCEP high levels of institutional arrangements and open commitment to efficiently promote the asia-pacific financial resources configuration. To promote RCEP deeper financial cooperation between member countries, the export credit insurance company of China chief economist wang suggested, strengthening of financial supervision mechanism in the area of the top design, adhering to the inclusive and open, the principle of seeking common ground while putting aside differences, and put forward the overall framework of regulatory cooperation, and through the transition period and transition terms set, both the financial development difference between different countries. Cross-border transactions of the digital transformation and Internet is the new trend of cross-border financial cooperation. King think, RCEP effective implementation of regional digital financial cooperation have broad prospects, electronic remittance, loans, investment, insurance and other financial services and block chain technology will be RCEP cooperation is an important part of financial infrastructure. He suggests that in cross-border investment and financing mutually establish financial institutions, financial products, mutual recognition, financial information sharing, green finance explore more pragmatic cooperation and strengthen regional digital financial cooperation, enhance regional resources circulation efficiency.

Finance is clear industry chain of the supply chain running water. Participants suggested that the RCEP members between the economy and industrial structure has strong complementarity, comply with the trend of regional economic integration, surrounding the cash flow, information flow and goods flow optimization of cross-border financial services, actively carry out financial and supply chain financial cooperation, strengthen the financial fu can science and technology, to promote regional industrial chain consolidate upgrade, maintain security and stability of supply chain. Cole governor of bank of China said that in the process of promoting RCEP implementation, can improve RCEP in Asian financial cooperation association member financial standards internationalization level, financial innovation to develop new services, promote member's domestic currency cross-border settlement business development play a more active role. Open high level could bring high risk. RCEP in financial services for the first time to introduce new financial services, the provisions, such as the financial information transfer and processing of investment promotion at the same time, also puts forward the policy and service system of the members of the new requirements. Dong lu jun said that the parties to the innovative business model for financial institutions and overseas provides a new convenient data transmission at the same time, enhance the level of financial risk management. Enterprises to consider how to balance the risk management and business development, management department should be in macroeconomic regulation and risk regulation research how to coordinate the role of government and market. Specific to the insurance industry, member states should further strengthen the international regulatory cooperation, under the rules of RCEP to promote the healthy development of insurance industry perfect mechanism, more measures simultaneously, in cross-border capital flows, anti-money laundering and counter-terrorism financing, the financial fraud, and other fields to strengthen cooperation, actively cope with the challenge of systemic financial risk and jointly maintain the market stability, a new pattern of the insurance industry and open cooperation.