Wang Zhongmin：It Is Necessary to Build a System, Tool and Logical System for Future Risk Prevention and Control

Source: CBGG   

Published: 2022-4-29

On April 23, 2022, the Academic Seminar on the Impact of US-European Financial Sanctions on Russia and the World and the Reform of the International Monetary System, jointly organized by the Center for BRICS and Global Governance (CBGG) and the World Finance Forum(WFF), was held in Beijing. Wang Zhongmin, former vice chairman of the National Council of Social Security Funds, chairman of the Academic Committee of CBGG, and vice chairman of the World Finance Forum, attended the meeting and delivered a speech.

Wang Zhongmin said that as the most important geopolitical and global event, the conflict between Russia and Ukraine is exerting a significant and far-reaching impact on the basic global financial pattern and basic financial logic. As a world trading power and economic power, China should make a careful assessment on the short-term, mid-term and long-term impact of the conflict between Russia and Ukraine concerning the global financial system, and the major issues such as market construction, market operation and market participation in the future bond market, stock market and financial global risk management market, so that we can not only deal with the current risks, but also build up the prevention and control mechanism, tools and logical system for future risks.