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Sino-German Monetary Policy Symposium Explores Digitization of Currency and Finance

A two-day Sino-German Monetary Policy Symposium was recently held at the Southwestern University of Finance and Economics in China, aiming to facilitate academic research and international exchanges on financial digitization and central bank digital currencies. The event, which took place from November 23 to 24, saw the participation of experts and scholars from various prestigious institutions, including the Berlin School of Economics and Law, Deutsche Bundesbank, and the People's Bank of China.

Under the theme of "Digitization of Currency and Finance," the symposium commenced with an opening ceremony presided over by Yin Qingshuang, Vice President of the Southwestern University of Finance and Economics. In his welcome address, Qingshuang expressed warm greetings to both domestic and foreign attendees and highlighted the longstanding collaboration between the host university and the Berlin School of Economics and Law. He emphasized the university's commitment to advancing first-class disciplines, financial technology innovation, and talent development, underscoring the importance of international cooperation in promoting research on global economic and monetary financial strategies.


The symposium featured keynote speeches by prominent figures such as Di Gang, Deputy Director of the Digital Currency Research Institute of the People's Bank of China, who discussed the motivations and development process of the digital RMB, and Claus Tigges, President of the Berlin and Brandenburg Branches of Deutsche Bundesbank, who shed light on the adjustments made to monetary policies amidst high inflation in Europe.

Over the course of the event, participants engaged in in-depth discussions during several sub-forums addressing significant topics, including "Current Issues in Monetary Policy and Central Bank Digital Currencies," "Challenges Brought by Currency and Financial Digitization," "Regulatory Responses to Financial Digitization," "Financial Digitization and Inclusive Finance," and "Financial Development and Economic Growth." These discussions explored pressing matters such as the digital euro, central bank digital currencies, encrypted assets, mobile payment systems, regulatory frameworks for mobile wallets, green finance, and more.


The Sino-German Monetary Policy Symposium has long served as an essential platform for scholars from multiple nations to explore economic hotspots, exchange ideas, and foster cooperation. This year's conference yielded valuable insights and recommendations concerning the regulation of financial digitization and the implementation of central bank digital currencies. The next symposium is scheduled to take place in Germany next year, further promoting international collaboration in the field of monetary policy.


Overall, the event was successful in fostering scholarly dialogue and advancing research in the realm of currency and finance digitization, contributing to the ongoing global efforts towards a digitalized future in the financial sector.



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