Innovate risk assessment to navigate global risks

-- the release ceremony and the seminar on “Global Systemic Risks Report 2017-2018”was held in Beijing

On Dec.21st, 2017, the release ceremony and the seminar on “Global Systemic Risks Report 2017-2018 (A & B)”, finished by Global Financial Strategy Lab, a sub-platform of Collaborative Innovation Center of Financial Security, and Beijing Sunrisk Information Technology Co, Ltd., and published by China Legal Publishing House as a “recommended reading list for leading cadres”, was successfully held in Beijing Research Institute of SWUFE.

The attendees were as follows: ZONG Liang, a Principal Research Fellow of Bank of China Institute of International Finance, CAO Yuanzheng, Chairman of Boc International Holdings Limited All Rights Reserved, YAN Guangyong, Deputy Editor of China Legal Publishing House, HE Xia, Chief Editor ofPeople’s Daily Online, CHU Aiwu, Previous Director of Financial Stability Bureau, the People’s Bank of China, WU Cong, Deputy Dean of National Academy of Development and Strategy,(RUC), TANG Maoheng, Chairman of Beijing Sunrisk Information Technology Co, Ltd., WANG Hansheng, Chief Risk Officer of EurAsian Economic Cooperation Fund, WANG Qing, Director of ICFS, DONG Qingma, Vice Director of ICFS, HU Bin, Dean of Beijing Research Institute of SWUFE, DENG Zhongbo, Deputy Dean of Beijing Research Institute of SWUFE, FANG Ming, Director of Global Financial Strategy Lab; journalists fromPeople’s Daily Online, Xinhua News Agency, Financial News, China Youth Daily, Economic Information Daily, the Economic Observer and Reuters,etc.. Experts of Development Research Center of the State Council, Huarong International Trust Co., Ltd and consulting research companies, and banks, securities companies, insurance companies, Fin Tech companies as well as managers attended the releasing ceremony and seminar.

Experts had a heat discussion on the Report A and B, especially the logic and compilation method of the global systemic risk index system, as well as the index of the current trend of hot issues revealed. The Report A isGlobal Systemic Risks and Opportunity Report 2017-2018: Based on the global systemic risk theory and index system, and B isOutlook on Global Systemic Risks and Opportunities: Master the world where “Gray Rhino” and “Black Swan” are fighting.

Experts believed that in the era of globalization, global risks were everywhere and grasping global systemic risks was of great significance to countries, enterprises, financial institutions and individuals. Global Financial Strategy Lab and Beijing Sunrisk Information Technology Co, Ltd. worked together on the global systemic risk assessment. By using continuous scoring instead of discrete ratings, a real-time rating system for systemic risks at global, regional, country and industry levels had been established, which had an obvious effect in practice. It marked a breakthrough in the global risks assessment area. With such an independent intellectual property right, China could have a greater say in this area. The development pattern of SWUFE Institution also contributed to the achievement.

Meanwhile, according to the experts, serving the risk management of China’s international operations based on reality, the unique global risk management platform (www.sunrisk.cn) of Beijing Sunrisk Information Technology Co, Ltd. would play a role in navigating global risks, which was also a breakthrough in global risk management.