Chongyang Network News of the National People's Congress: Wang Wen, Dean of the Chongyang Institute of Financial Studies of Chinese University, and Cai Tongjuan, Director of the Macro Research Department, collaborated on the paper "Building a Financial Power: Concept, Positioning and Policy Landing Point" ("Financial Economics Research" No. 1, 2024) was selected as a highly cited paper in CNKI Academic Essentials (July-August 2024), and has been cited 12 times in CNKI. At the same time, the article was reprinted in full by the Chinese University Book and Newspaper Information Center Photocopy Newspaper and Periodical Information F62 "Finance and Insurance" Issue 07 of 2024.
This paper argues that the connotation of "financial power" is reflected in two dimensions: internally, it is mainly manifested in the possession of a highly developed financial market and financial system with perfect resource allocation function, which can provide strong support for the real economy, effectively prevent financial risks and crises, and maintain financial stability and security; Externally, it is mainly manifested as having a high status and influence in the field of international finance, being able to participate in the formulation of international financial rules and standards, having strong international competitiveness and brand influence, and being able to expand business and market share on a global scale.
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The article also pointed out that the mainland, as a financial power, is still far from the goal of building a financial power. In the future, we should steadily promote the construction of a financial power from three aspects: serving the real economy, improving the high-quality and modern financial regulatory system, and focusing on promoting high-level financial opening-up.
The highly cited paper is an important affirmation of CNKI's academic achievements, and the high citation of this paper is inseparable from the deep cultivation and accumulation of Chongyang in the field of financial power over the years. As early as November 2017, Wang Wen and Bian Yongzu, researchers of Chongyang of the National People's Congress, published an article entitled "China's "Financial Power" Strategic Choice" in Caijing magazine, clearly suggesting that "the strategy of 'financial power' should be put forward in a timely manner". From 2019 to 2023, the Chongyang National People's Congress has published five series of books on "Financial Power": "The Era of Big Finance - The Road to Financial Power" (People's Publishing House, 2019 edition), "Monetary Sovereignty: The Cornerstone of Financial Power" (China Financial Publishing House, 2020 edition), "Negative Interest Rate Trap: Lessons from Western Financial Power" (China Financial Publishing House, 2020 edition), "China's Financial Soft Power - New Support for Financial Power" (People's Publishing House, 2021 edition), Green Finance: A New Driving Force for Financial Power (China Financial Publishing House, 2023 Edition) has received strong repercussions from academia and industry.
In recent years, papers published by Chongyang of the National People's Congress have been frequently cited, such as the article "Development Prospects of Green Bonds" (China Finance, Issue 10, 2015), which has been cited 193 times in CNKI. "Real Estate Bubble and Systemic Financial Risk Prevention: Based on the Perspective of International Comparison" (Wang Wen and Lu Zhe published in International Finance Research, No. 1, 2021), "Reflections on Several Major Issues of New Think Tanks with Chinese Characteristics" (Wang Wen published in Think Tank Theory and Practice, No. 1, 2016), "China's Green Finance Development under the Logic of "Carbon Neutrality": Current Situation and Future" (Wang Wen and Liu Jintao published in Contemporary Financial Research) 2021 No. 1) and other papers have been cited 61, 59 and 53 times respectively (as of August 27, 2024). Wang's H-value has reached 23 times, that is, each of the 23 papers has been cited at least 23 times.
Chongyang's articles are also often quoted by foreign media. Published on July 8, "Is It Really 'Garbage Time in History'?" The article refutes the falsification of academic concepts, and points out its intention to deny the current status of China's development and suppress China's future expectations. Two weeks after its publication, a total of 12 media outlets from 9 overseas countries and regions, including United States, United Kingdom, France, Russia, and Netherlands, have reported on the article, reversing the negative international interpretation of China's social development situation in a timely manner.
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Established on January 19, 2013, Chongyang Institute for Financial Studies of Chinese University of China (Renmin University Chongyang) is the main funding project donated by Chongyang Investment to Chinese University and set up an education fund for operation.
As a new type of think tank with Chinese characteristics, Chongyang has hired dozens of former politicians, bankers, and well-known scholars from around the world as senior researchers, aiming to pay attention to reality, advise the country, and serve the people. At present, the Chongyang National People's Congress has 7 departments and 4 operation and management centers (the Center for Ecological Finance, the Center for Global Governance, the Center for China-US People-to-People Exchange, and the China-Russia Center for People-to-People Exchange). In recent years, the Chongyang National People's Congress has been highly recognized at home and abroad in the fields of financial development, global governance, major-country relations, and macroeconomic policy.