On the afternoon of June 15, 2024, the kick-off meeting for the National Social Science Fund Major Project, "Research on Preventing Systemic Risks and Improving the Long-term Legal Mechanism for Financial Stability," led by Professor Li Shuguang from the Law and Economics Research Institute of China University of Political Science and Law as the chief expert, was successfully held in the first-floor conference room of the library at the Haidian Campus of China University of Political Science and Law.
The chief expert of the project, Professor Li Shuguang, and the sub-project leaders, including Zhang Shaohua, Deputy General Manager of the Deposit Insurance Fund Management Co., Ltd., Yu Lin, a judge from the Second Civil Division of the Supreme People's Court, Professor He Dan from the Faculty of Law at Beijing Normal University, and Professor Si Wei from the Faculty of Law at Tianjin University, attended the kick-off meeting.
Experts attending the meeting included Zhou Lunjun, Deputy Presiding Judge of the Second Civil Division of the Supreme People's Court; Chen Daofu, Deputy Director of the Financial Research Institute of the Development Research Center of the State Council; Professor Guo Li, Dean of the Faculty of Law at Peking University; Professor Shi Tiantao from Tsinghua University Faculty of Law; Professor Zhu Daqi from the Faculty of Law at Renmin University of China; Chen Jie, a researcher at the Institute of Law, Chinese Academy of Social Sciences; Wu Zhuo, Director of the Legal Affairs Department of the Deposit Insurance Fund Management Co., Ltd.; Liu Yanling, Chairman of the China Management Committee at King & Wood Mallesons; and Zuo Beiping, head of the Bankruptcy Administrator Research Group of the Chinese Institute of Certified Public Accountants.Additionally, over 60 theoretical and practical experts from institutions such as Peking University, Tsinghua University, Renmin University of China, the Chinese Academy of Social Sciences, the Central University of Finance and Economics, Beijing Technology and Business University, North China University of Technology, the People's Bank of China, China Construction Bank, Industrial and Commercial Bank of China, China Everbright Bank, China Minsheng Bank, and Beijing Financial Court participated in the event.
At the meeting, the chief expert of the project, Li Shuguang, presented an overview of the project, sub-projects, and research progress, focusing on six key aspects of the research: the definition and identification of systemic and major financial risks, international experiences in preventing, resolving, and addressing financial risks, current policies for financial risk prevention and resolution in China, the legal framework for financial risk prevention and resolution in China, key issues and major measures for financial risk prevention and resolution, and several critical issues requiring further exploration.
Sub-project leader Si Wei reported on domestic and international literature and international cases related to financial risk prevention and resolution. He Dan presented on the allocation of financial stability regulatory powers and the division of regulatory authority between central and local governments. Zhang Shaohua elaborated on the main measures and toolbox for financial risk prevention, resolution, and handling. Yu Lin explained the judicial protection mechanism for financial stability.
The experts attending the meeting engaged in an enthusiastic and in-depth discussion on the project’s kick-off report and related topics, offering numerous opinions and suggestions. These included issues related to the research objectives and scope, the combination of normative research and empirical case studies, financial regulatory system reform and legal mechanisms for financial stability, financial risks in emerging fields, and cross-border financial risk prevention.
Finally, on behalf of the National Social Science Fund Major Project Research Team, Li Shuguang expressed heartfelt gratitude to the participating experts and scholars. He stated that the team would adopt and incorporate the suggestions and opinions provided and advance the project in an orderly and timely manner in line with the research plan.
The project, titled "Research on Preventing Systemic Risks and Improving the Long-term Legal Mechanism for Financial Stability," is a major project of the National Social Science Fund for 2023. Major projects of the National Social Science Fund represent the highest level, strongest authority, and most influential research projects within the fund system. The approval and establishment of this project signify an enhancement of the university’s ability to undertake nationally significant projects and demonstrate its high academic standards and strong research capacity in the field of philosophy and social sciences.