On June 25, the Third "Modern Finance, Taxation, Finance and Global Governance Summit" (2022) was successfully held in Zhongnan University of Economics and Law. This forum was jointly organized by the Income Distribution and Modern Financial Discipline Innovation and Introduction Base of the Ministry of Education and the Ministry of Science and Technology, the Digital Technology and Modern Financial Discipline Innovation and Introduction Base of the Ministry of Education and the Ministry of Science and Technology, and the School of Finance and Taxation and the School of Economics, Zhongnan University of Economics and Law, which was strongly supported by Management World Magazine.

This conference will be held in a combination of online and offline, and will be broadcast live via online video. Experts and scholars from Columbia University Business School, China Academy of Fiscal Sciences, OECD Department of Fiscal Affairs, Academy of Financial Strategy, Chinese Academy of Social Sciences, National School of Development, Peking University, Institute of Economics, Chinese Academy of Social Sciences, China Taxation Magazine, Institute of Industrial Economics, Chinese Academy of Social Sciences, Young scholars from Peking University, Zhejiang University, Fudan University, Renmin University of China, Wuhan University, Huazhong University of Science and Technology, Sun Yat-sen University, Xiamen University and more than 20 other universities attended the conference. The meeting was presided over by Professor Zhang Kezhong, Dean of School of Finance and Taxation, Zhongnan University of Economics and Law, and Deputy Director of Income Distribution and Modern Financial Discipline Innovation and Intelligence Base.

Leading guests attending the forum include: Professor Canming Yang, Deputy Secretary of the Party Committee and President of Zhongnan University of Economics and Law, Director of Income Distribution and Modern Finance Innovation and Introduction Base, Professor Zhisheng Li, Assistant to President of Zhongnan University of Economics and Law, Director of Digital Technology and Modern Finance Innovation and Introduction Base, Guijun Yuan, Secretary of the Party Committee of School of Finance and Taxation, Zhongnan University of Economics and Law; Professor Gang Xue, Vice President; Associate Professor Fucheng Wei, Vice President; Professor  Binbin Tian, Assistant President; Professor Fengxi Pang, Department of Taxation; Professor Ping Yan, Department of Finance; Professor Qunli Sun, Deputy Director of Income Distribution and Modern Finance Innovation and Introduction Base; Professor Yuanping Lu, Executive Deputy Director. Associate Professor Xianming Sun, Executive Deputy Director of Digital Technology and Modern Finance Innovation and Intelligence Base, and all the researchers of the base.

Online guests to participate in this forum include: Prof. Shang jin Wei, Columbia Business School; Prof. Shang xi Liu, Secretary of the Party Committee and Director of the Chinese Academy of Fiscal Sciences; Prof. Ti zhong Liao, Senior Advisor of the OECD Department of Fiscal Affairs and former Director General of the Department of International Taxation of the State Administration of Taxation; Prof. Zhiyong Yang, Vice President of the Chinese Academy of Social Sciences; Prof. Miaojie Yu, Secretary of the Party Committee of the National School of Development of Peking University; Prof. Rengui Li, Institute of Economics, Chinese Academy of Social Sciences; Prof.  Shuangzhuan Chen, China Taxation Magazine; and Prof. Ming Xu, Institute of Industrial Economics, Chinese Academy of Social Sciences.

Professor Canming Yang delivered a speech

Professor Kezhong Zhang chaired the forum

Professor Canming Yang first expressed his warm welcome and heartfelt thanks to all the experts and scholars. He pointed out that this year is the beginning of China's journey towards the second centenary Goal and a new journey towards comprehensively building a modern socialist country. It is also a crucial year for the implementation of the 14th Five-Year Plan. In the context of globalization, how can China, as the world's second largest economy, under the dual pressure of environmental changes at home and abroad, better participate in and reshape the global governance system by building a modern fiscal, taxation and financial system, chart a new path for balanced global development, and inject new vitality into the building of a community with a shared future for mankind? A theoretical and practical response is urgently needed.

Prof. Shang jin Wei shared the keynote address "Financial Perspectives on International Governance". Based on the financial perspective of international economic governance, Professor Wei Shangjin discussed how developing countries can participate in international economic governance from the perspective of optimal discourse power. Professor Wei Shangjin pointed out that in international economic governance, developing countries have the strongest say. Developing countries' right to speak can influence their ability to defend against economic and financial risks and their long-term economic growth rate. However, in some scenarios, having too much of a say may have the opposite effect.

Professor Shang Jin Wei

Prof. Shangxi Liu delivered a keynote speech on the Relationship between Finance and Money. Based on the policy perspective, Shangxi Liu discusses the relationship between finance and money from the relationship between finance and finance. He introduced the relationship between finance and money in detail from three perspectives: fiscal revenue and expenditure and money, fiscal deficit and money, national debt and money. Shangxi Liu pointed out that the internal logical relationship between finance and money is not independent, finance is the basis of money, but also the basis of the whole finance.

 Shangxi Liu, Researcher

Researcher Tizhong Liao delivered a speech on the topic of "International Political Transformation and China's tax policy adjustment". Researcher Tizhong Liao summarized the evolution of the world political order as the evolution from neoliberalism to neorealism, and summed up the performance of foreign investment related tax policies and tax systems in China's accession to the process of economic globalization. Tizhong Liao, a researcher, pointed out that in the process of globalization, maintaining the balance between state capital, private capital and foreign capital is the top priority.

Researcher Tizhong Liao

Professor Zhiyong Yang delivered a lecture on "Global Macroeconomic Governance: A Keynesian-centric Analysis". Starting from the specific issues of global macroeconomic governance, Professor Zhiyong Yang put forward the view that the national basis of global macroeconomic governance is the willingness of all countries to negotiate based on the international Monetary Fund reform, the new international economic and trade rules and the Russia-Ukraine conflict. Based on Keynesian theory, Professor Zhiyong Yang pointed out that the governance of macro issues of globalization requires countries to sit down for dialogue and communication, and discuss economic issues in connection with politics and ideology.

Professor Zhiyong Yang

Professor Miaojie Yu gave a speech entitled "The New Pattern of China's Economic Development". Professor Miaojie Yu believes that based on the new development stage, we should truly realize the new development concept of "innovation is the first driving force, green is the universal ecology, coordination is the endogenous feature, openness is the only way, and sharing is the ultimate goal". In addition, Professor Miaojie Yu further elaborated on the new development pattern from six aspects: added value of products, product quality, overall productivity of enterprises, industrial agglomeration, industrial chain layout and industrial structure.

Professor Miaojie Yu

The eight sub-forums focused on land finance and local debt, tax cooperation and competition, digital economy and innovation, global governance, financial development and corporate governance, tax and fee reduction, social security, coordinated development and governance and other topics. The atmosphere in each sub-conference was warm. The participating scholars had in-depth exchanges on relevant topics and expressed their own insights actively.

At present, the world is in a critical period of century-old changes and century-old epidemics. Global development faces unprecedented challenges and crises. As the largest developing country and the world's second largest economy, China should put forward its reform plan for the global governance system and promote the building of a community with a shared future for mankind. At this Summit, experts and scholars gathered together to offer their wisdom and proposals for promoting the establishment of a modern fiscal, taxation and financial system, and thus promoting, leading and reshaping the reform of the global governance system.

(Source: School of Finance and Taxation, Zhongnan University of Economics and Law)