Research on Theoretical Innovation and Practical Pathways for High-Level Opening of China’s Financial Sector a Synergistic Perspective on Institutional Opening and Risk Prevention and Control

DOI

10.2991/978-2-38476-440-2_169How to use a DOI?

Keywords

High-level Financial Openness; International Competitiveness; Cross-border Investment and Financing; RMB Internationalization; Financial Security

Abstract

In the context of deepening economic globalization, financial openness has emerged as a critical pathway for enhancing national competitiveness. Over the past four decades of reform and opening-up, China has transitioned from a closed economic system to an open one. However, in pursuing high-level financial openness, it continues to face challenges such as exchange rate fluctuations, debt risks, and the regulation of cross-border data flows. This paper begins by exploring the synergistic mechanism between institutional innovation and risk control, constructing a multi-dimensional research framework. It addresses theoretical gaps in areas such as digital financial openness and the mutual recognition of green standards, providing practical guidance for improving the efficiency of cross-border capital flow regulation and enhancing the global competitiveness of local financial institutions. Given the limitations of existing research methods in addressing the complexities of financial openness—such as the idealized tendencies of dynamic simulation models, the singular scenarios of stress testing methods, and bottlenecks in data collection—this paper proposes the construction of a “dynamic adaptation” capability. This capability emphasizes the flexible combination of policy toolkits and risk control through a “progressive innovation” approach. Simultaneously, it advocates for the establishment of a new model that encompasses institutional resilience, technological empowerment, and risk buffering across three dimensions, thereby providing a better explanation for innovative practices like pipeline-style openness. This framework offers theoretical support and practical guidance for a financial openness model with Chinese characteristics and serves as a significant reference for restructuring the international financial governance system, particularly in the realms of digital financial infrastructure, the development of green financial standards, and the establishment of regional financial cooperation mechanisms.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Rong Ye
AU  - Yin Liu
AU  - Haitao Duan
PY  - 2025
DA  - 2025/07/10
TI  - Research on Theoretical Innovation and Practical Pathways for High-Level Opening of China’s Financial Sector a Synergistic Perspective on Institutional Opening and Risk Prevention and Control
BT  - Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)
PB  - Atlantis Press
SP  - 1518
EP  - 1533
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-440-2_169
DO  - 10.2991/978-2-38476-440-2_169
ID  - Ye2025
ER  -