On September 20 and 21, the 17th Conference on Monetary Policy and Financial Security was held in Hongyuan Building, SWUFE. It was sponsored by SWUFE, Berlin School of Economics and Law (BSEL), Deutsche Bundesbank (Berlin Branch) and the second headquarters of the People's Bank of China (PBC), and organized by Institute of Chinese Financial Studies (ICFS), Collaborative of Innovation Center of Financial Security (CICFS) and IPE center of BSEL. More than 20 experts and scholars attended the conference, including YIN Qingshuang, vice president of SWUFE; Andreas Zaby, president of BSEL; Claus Tigges, president of Deutsche Bundesbank, Berlin Branch, together with its vice president Albrecht sommer; FENG Runxiang, director of International Department of PBC, shanghai; Prof. Hansjorg Herr of BSEL; chief economists from Orient Securities and JZ Securities, as well as representatives from Wuhan University, Nankai University, Xiamen University, Business Administration Department of PBC, School of Economics of SWUFE, Research Institute of Economics and Management of SWUFE, ICFS, Strategy Lab of CICFS. Prof. WANG Qing, director of ICFS, presided over the meeting.

YIN firstly extended a warm welcome to the Chinese and foreign guests. He pointed out that SWUFE should focus on "Double-first Class" and "Innovation and Entrepreneurship" to comprehensively improve the quality of running a school and speed up its international development. He denoted that at a time when global financial security and financial development are facing a severe test, he hoped that the conference would see through the prospects of financial security from a global perspective and achieve the fruits of wisdom. Andreas Zaby pointed out in his speech that over the 17 years since the seminar on monetary policy was held, the long-term cooperation between SWUFE and BSEL has not only promoted academic exchanges, but strengthened cultural exchanges between the two countries. In addition, in the context of slowing global economic growth, China and Europe should strengthen cooperation and insist on positive trade policies.

Experts and scholars of the two countries then had a discussion under the theme "Monetary Policy and Financial Security", and deeply discussed the performance and effects of monetary and fiscal policies in China and Europe, as well as the causes and consequences of shadow banking, globalization, excess liquidity and other issues. Claus Tigges said that since the 2008 financial crisis, the European Central Bank has adopted a series of loose monetary policies, but the results are not satisfactory. He then made a profound analysis of the reasons. Director FENG Runxiang showed the gradual change of China's exchange rate policy over the past 20 years, and put forward his idea on China's future financial reform. During the conference, interactive sessions had been set for scholars from the two countries to discuss on the theme of the conference.

"Conference on Monetary Policy and Financial Security" has always been an important platform for scholars from China and Germany to discuss economic hot spots and macro policies, exchange ideas and promote cooperation. During the conference, scholars and experts have put forward useful suggestions for China's monetary policy and financial reform, and also for policy decision-making. The 18th conference will be held in Germany next year.