基本情況 

廖凡，四川省資中縣人，中國社會科學院國際合作局副局長、研究員。他是中國社會科學院創新工程項目“‘一帶一路’建設中的國際經濟法律問題”首席研究員，中國國際經濟法學會常務理事，中國法學會國際經濟法學研究會常務理事、國際金融法專業委員會副主任委員。他曾是美國哥倫比亞大學訪問學者，并任中國國際經濟貿易仲裁委員會和深圳國際仲裁院仲裁員。他主持和參與世界銀行、國家發展改革委員會、外交部、商務部、中國人民銀行、中國銀行保險監督管理委員會、中國證券監督管理委員會、中國法學會、中國社會科學院等部門和機構的多項重大、重點課題。他先后獲得中國青年政治學院法學學士學位、美國南方衛理公會大學法學碩士學位、北京大學法學博士學位。他的主要研究領域包括國際法基礎理論、國際經濟法和金融證券法。他迄今為止出版專著4部（含合著1部），在《法學研究》《中國法學》《人民日報》《歐洲商事組織法評論》等國內外刊物和媒體發表學術論文、譯文、評論100余篇，其中多篇被《新華文摘》《中國社會科學文摘》《高等學校文科學術文摘》《人大復印資料》等轉載。

教育及工作經歷 

　　1995-1999　　中國青年政治學院學習，獲法學學士學位

　　1999-2005　　北京大學法學院學習（碩博連讀），獲法學博士學位

　　2001-2002　　美國南方衛理公會大學（SMU）法學院學習，獲法學碩士學位

　　2005-2007　　中國社會科學院國際法研究所助理研究員

　　2006-2007　　美國哥倫比亞大學訪問學者

　　2007-2013　　中國社會科學院國際法研究所副研究員

　　2013-2020　　中國社會科學院國際法研究所研究員

　　2020-　　　　中國社會科學院國際合作局副局長，研究員

主要學術兼職 

　　中國國際經濟法學會常務理事

　　中國法學會國際經濟法學研究會常務理事

　　中國法學會國際金融法專業委員會副主任委員

　　北京市法學會國際經濟法學研究會副會長

　　北京市法學會互聯網金融法治研究會常務理事

　　中國國際經濟貿易仲裁委員會仲裁員

　　深圳國際仲裁院（深圳仲裁委員會）仲裁員

　　最高人民法院涉外商事海事審判專家庫專家

學術地位及社會影響 

　　廖凡研究員是國際法研究所科研骨干和學科帶頭人，科研能力突出，科研成果豐碩，論文引證率在中青年國際法學者中名列前茅。他發表的《國際貨幣體質的困境與出路》《金融消費者的概念與范圍》《論軟法在全球金融治理中的地位和作用》《全球治理背景下人類命運共同體的闡釋與構建》等論文代表了國內相關領域研究的領先水平，在學術界和實務界均有廣泛影響和良好口碑。他經常參與有關部委和司法機構的決策咨詢和專家論證，利用專業知識和經驗積極建言獻策。他撰寫的內部研究報告多次獲得中央主要領導同志和其他國家領導人批示，有效發揮了決策影響力。他曾在美國長期進修和訪學，外語水平和國際交流能力突出。他數十次接受原中央電視臺英語頻道、現中國國際電視臺相關欄目現場采訪，闡釋法治實踐問題，宣傳中國法治理念，社會反響良好。

主要科研成果 

1.獨著 

　?。?）《證券客戶資產風險法律問題研究》，北京大學出版社，2005年11月版；

　?。?）《國際貨幣金融體制改革的法律問題》，社會科學文獻出版社，2012年7月版；

　?。?）《國際金融法學的新發展》，中國社會科學出版社，2013年11月版。

2.合著 

　　《上海自貿試驗區建設推進與制度創新》，第一作者，中國社會科學出版社2017年8月版。

3.參編 

　?。?）《國際經濟法》，黃東黎主編，社會科學文獻出版社2006年12月版；

　?。?）《當代中國國際法研究》，陳澤憲主編，中國社會科學出版社2010年12月版；

　?。?）《變化中的國際法：熱點與前沿》，朱曉青主編，中國社會科學出版社2012年10月版。

4.代表性學術論文 

　?。?）《鋼絲上的平衡：美國證券信息披露體系的演變》，《法學》2003年第4期；

　?。?）《美國非公司型有限責任企業初探》，《法學》2003年第9期；

　?。?）《論證券公司破產清算的特別程序：以中美比較為視角》，《法學》2006年第7期；

　?。?）《間接持有證券的權益性質與法律適用初探》，《環球法律評論》2006年第6期；

　?。?）《美國反向刺破公司面紗的理論與實踐：基于案例的考察》，《北大法律評論》第8卷第2輯（2007年7月）；

　?。?）《競爭、沖突與協調：金融混業監管模式的選擇》，《北京大學學報（哲學社會科學版）》2008年第3期；

　?。?）《論歐盟對金融集團的監管：以<金融集團指令>為中心》，《國際法研究》第二卷（2008年11月）；

　?。?）《經濟全球化與國際經濟法的新趨勢》，《清華法學》2009年第6期；

　?。?）《國際貨幣體制的困境與出路》，《法學研究》2010年第4期；

　?。?0）《國際貨幣基金組織投票權與治理結構改革述評》，《中國國際法年刊》2010年卷（2011年7月）；

　?。?1）Regulation of Financial Conglomerates in China: from De facto to De jure, European Business Organization Law Review, Volume 12, Issue 2, July 2011；

　?。?2）《英國金融監管體制改革的最新發展及其啟示》，《金融監管研究》2012年第2期；

　?。?3）《金融消費者的概念與范圍：一個比較法的視角》，《環球法律評論》2012年第4期；

　?。?4）《系統重要性金融機構國際監管的發展與趨勢》，《國際經濟法學刊》第20卷第1期（2013年5月）；

　?。?5）《美國海外金融賬戶和資產報告規則的演進與發展》，《環球法律評論》2015年第5期;

　?。?6）《論軟法在全球金融治理中的地位和作用》，《廈門大學學報（哲學社會科學版）》2016年第2期；

　?。?7）《比較視野下的亞投行貸款條件研究》，《法學雜志》2016年第6期；

　?。?8）《投資者—國家爭端解決機制的新發展》，《江西社會科學》2017年第10期；

　?。?9）《2017年的中國互聯網金融法治》，《中國法治發展報告（法治藍皮書）》第16卷（社會科學文獻出版社2018年3月）；

　?。?0）《從“繁榮”到規范：中國國際經濟法學研究的反思與展望》，《政法論壇》2018年第5期；

　?。?1）《全球治理背景下人類命運共同體的闡釋與構建》，《中國法學》2018年第5期；

　?。?2）《人類命運共同體的人權與主權內涵》，《吉林大學社會科學學報》2018年第6期;

　?。?3）《跨境金融監管合作：現狀、問題與法制出路》，《政治與法律》2018年第12期；

　?。?4）《從<美墨加協定>看美式單邊主義及其應對》，《拉丁美洲研究》2019年第1期;

　?。?5）《世界貿易組織改革：全球方案與中國立場》，《國際經濟評論》2019年第2期;

　?。?6）《金融科技背景下監管沙盒的理論與實踐評析》，《廈門大學學報（哲學社會科學版）》2019年第2期；

　?。?7）《論金融科技的包容審慎監管》，《中外法學》2019年第3期；

　?。?8）《歐盟外資安全審查制度的新發展及其影響與應對》，《法商研究》2019年第4期；

　?。?9）《國家主權、正當程序與多邊主義——全球行政法視角下的“一帶一路”合作機制構建》，《經貿法律評論》2019年第6期；

　?。?0）《<外商投資法>：背景、創新與展望》，《廈門大學學報（哲學社會科學版）》2020年第3期。

5.代表性報紙文章 

　?。?）《華盛頓共識、新自由主義與國際貨幣基金組織》，《法制日報》2008年12月14日第10版；

　?。?）《推動金融體系改革的現實舉措》，《人民日報》2009年7月13日第13版；

　?。?）《功能監管與機構監管應“雙劍合璧”》，《經濟日報》2012年2月13日第6版；

　?。?）《中國企業“走出去”要重視國際經濟軟法》，《經濟參考報》2013年1月8日第8版；

　?。?）《<外國投資法>宜完善審查機構設計》，《經濟參考報》2015年1月28日第6版；

　?。?）《自貿區建設要與頂層設計相協調》，《經濟參考報》2015年2月13日第8版；

　?。?）《企業走向“一帶一路”中的風險應對》，《經濟參考報》2016年6月22日第6版；

　?。?）《中國是自由貿易體制的維護者》，《法制日報》2018年4月11日第6版；

　?。?）《為全球治理體系變革提供新動力》，《人民日報》2018年5月21日第7版；

　?。?0）Ways to Enhance Judicial Cooperation among SCO Member, CGTN "Opinions"，2018年5月25日；

　?。?1）《與全球化和多邊主義同行》，《人民日報海外版》2018年9月11日第6版；

　?。?2）《<外商投資法>的四個特色和創新》，《經濟參考報》2019年3月20日第8版。

　?。?3） Understanding the BRI through "five connectivities"，CGTN "Opinions"，2019年4月20日；

　?。?4）《在多邊主義的旗幟下奮勇向前——2019年國際法治實踐剪影》，《中國社會科學報》2019年12月25日第5版（法學?年終特刊）；

　?。?5）《促進和保護外商投資的新篇章——<外商投資法實施條例>解讀》，《經濟參考報》2020年1月14日第8版；

　?。?6）《疫情背景下如何改善國際經貿環境》，《經濟參考報》2020年3月24日第8版；

　?。?7）《“國際索賠”靠譜嗎？》，中國日報網“說天下”專欄，2020年4月23日；

　?。?8）Absurd to sue China over virus, China Daily, 2020年4月25日第4版；

　?。?9）《“向中國索賠”沒有事實和法律依據》，《經濟參考報》2020年4月28日第8版；

　?。?0）《提升外資促進和保護力度》，《人民日報海外版》2020年5月5日第6版。

代表性學術觀點 

1. 關于金融監管競爭、沖突與協調（2008） 

如何應對因金融創新和混業發展而加劇的金融監管競爭與沖突，構建適應我國國情的混業經營監管體制，是當前金融監管中的一個突出課題。監管競爭有其自身價值，而應對監管沖突也需注意其深層背景。金融集團的發展強化了監管競爭與沖突，也使得監管協調更為必要。綜合監管與功能監管基礎上的傘形監管是金融監管協調的兩種路徑，從我國的現實情況出發，借鑒傘形監管經驗，建立分業監管基礎上的協調機制，是更為可取的選擇。

2. 關于國際貨幣體制面臨的現實困境與解決途徑（2010） 

以國際貨幣基金組織為核心的現行國際貨幣體制淵源于大國之間的政治妥協，在約束性和執行力方面存在先天不足。世界經濟格局的演變導致該體制的代表性受到質疑，全球金融危機進一步揭示出其所面臨的困境，主要表現為機構職能誤入歧途、政策監督顧此失彼、治理結構力量失衡、爭端解決有心無力。有鑒于此，應當在近期已有改革舉措的基礎上，在重塑機構職能、加強雙邊監督、完善治理結構、促進爭端解決四個方面尋找出路。

3. 關于“金融消費者”的概念與范圍（2012） 

傳統消費者概念適用于金融領域時存在的不確定性，以及現有金融行業立法在保護性上的不足，使得在我國構建金融消費者概念具有現實必要性。代表性的國外立法實踐表明，金融消費者的概念和范圍主要是實踐塑造而非理論推演的產物，與金融監管模式和監管體制有著不可分割的內在聯系。從我國現實情況出發，較為可行的做法是對金融消費者進行寬松的界定，使其涵蓋整個金融服務領域，而在消費者保護制度方面則遵循最低限度協調原則，只做出總體性、原則性的規定，由行業監管部門基于行業特點和監管需要制定實施細則；與此同時，保留和延續既有的證券投資者概念和投資者保護制度，實現金融消費者和投資者這兩個概念、兩套制度的并存和并用。

4. 關于“軟法”在全球金融治理中的地位、作用和影響（2016） 

國際金融軟法是用以規范國際金融關系、雖不具有法律約束力但在實踐中具有某種實際效果的規范性文件的總稱，突出表現為國際金融標準制定機構制定和發布的各類國際金融標準。既有條約規則作用有限、金融監管實踐復雜多變、關涉敏感主權問題、缺乏爭端解決機制，是軟法在全球金融治理中扮演重要角色的原因。軟法在全球金融治理中的價值，既體現為“中轉”價值，即作為向“硬法”演進或轉化過程中的過渡階段；更表現為獨立價值，即憑借自身特點和優勢長期穩定存在并獨立發揮作用。在相當程度上，軟法在當前全球金融治理中發揮著比硬法更為重要的作用，使得全球金融治理呈現“軟法之治”的面貌。

5. 關于中國國際經濟法學研究的現狀、反思與展望（2018） 

作為一門與改革開放大體同步的新興學科，中國國際經濟法學在過去40年中取得了長足進步，已經初步構建起較為完整的學科體系，并在各分支學科進行了范圍廣泛的研究，產出了數量可觀的研究成果。但是，當前中國國際經濟法學研究的“繁榮”在很大程度上是一種“表面繁榮”乃至“虛假繁榮”，折射出整體性的急功近利和無序浮躁。存在的問題和不足主要表現在：學科“支強干弱”，基本理論研究依舊??；相關研究缺乏問題意識、方法自覺和學術定力，缺乏清晰定位和恰當平衡，缺少獨立品格和鮮明個性；學術環境和評價機制不盡合理和科學。展望未來，應當繼續加強基本理論研究，構建具有中國特色的國際經濟法理論；提升學科的整體品位和規范性，從“繁榮”走向規范；改善學術環境和評價機制，創造更加寬松友好的研究環境和氛圍。

6. 關于全球治理背景下人類命運共同體的闡釋與構建（2018） 

人類命運共同體是中國在新時代向國際社會貢獻的全球治理新方案。在思想淵源上，人類命運共同體植根于以世界大同為一致追求的世界主義理念和中華傳統文化，以及以“自由人的聯合體”為終極目標的馬克思主義共同體思想。在理念傳承上，人類命運共同體與和平共處五項原則、建立國際新秩序主張、第三代人權、人類共同繼承財產原則等理論、原則和主張一脈相承。人類命運共同體理念為糅合國際關系和國際秩序中的利益與價值、現實主義與理想主義這兩個維度提供了一種新的可能性，可以從利益共同體、價值共同體和責任共同體這三個維度加以理解和闡釋。應當從深化對外開放提供“中國方案”、堅持共商共建形成“共同方案”這兩個層面，推動構建人類命運共同體。

7. 關于跨境金融監管合作的現狀、問題與出路（2018） 

跨境金融監管合作包括雙邊和多邊兩種途徑。雙邊途徑以美國跨境證券監管合作為代表，主要通過諒解備忘錄、監管對話和技術援助等方式開展。多邊途徑根據參與主體及合作方式的不同，又可以進一步劃分為國際組織模式、非正式國家集團模式和跨政府網絡模式。以軟法為主導的國際金融監管規則缺乏“硬約束”、國際金融監管標準的實施和監督機制嚴重不足、危機驅動型的監管合作缺乏持久性和穩定性，是跨境金融監管合作的主要問題和障礙所在。完善跨境金融監管的遠景目標是建立一個以多邊條約為基礎，能夠制定、實施和監督執行有約束力國際規則的全球金融監管（合作）組織；近期對策則是充分利用現有國際機構和機制，系統性地“硬化”相關軟法性規則，加強其約束性、執行力和實施效果。

8. 關于世界貿易組織改革的全球方案與中國立場（2019） 

世界貿易組織（WTO）正面臨前所未有的生存危機，改革已經成為共識。但關于WTO改革的基本原則、具體內容和優先順序，各方立場和意見則不盡相同，陣營劃分也難以一概而論。綜合現有的主要改革方案，大體而言，在談判機制方面主張增加談判機制靈活性，打破“協商一致”造成的多邊談判僵局；在實體規則方面主張制定貿易新規，強化貿易公平，消除投資障礙；在紀律約束方面主張更好發揮WTO的審查和監督功能，加強對成員方遵守透明度和通報義務的約束；在爭端解決方面主張盡快修改相關協定，打破上訴機構法官遴選僵局，確保WTO正常運轉。對于中國而言，關鍵在于“以我為主”，明確自身基本立場與核心關切，并在現有《立場文件》基礎上，出臺具體改革方案，更加積極主動地參與乃至推動WTO改革進程。

I. Basic Information 

Liao Fan is deputy director general of the Bureau of International Cooperation, CASS, and a senior research fellow and professor at CASS Institute of International Law. He is the lead research fellow of the CASS innovation project “International Economic Law Issues in the BRI Implementation” and council director of Chinese Society of International Economic Law. Before taking the present post, he was a visiting scholar at Columbia University. He is an arbitrator at China International Economic and Trade Arbitration Commission (CIETAC) and Shenzhen Court of International Arbitration (SCIA), and a specialist mediator at Singapore International Mediation Center (SIMC).  

Professor Liao Fan has led or participated in numerous research projects sponsored by the World Bank, National Development and Reform Commission, Ministry of Foreign Affairs, Ministry of Commerce, People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, China Law Society and CASS. He holds a BA in Law from China Youth University of Political Studies, a LLM from Southern Methodist University in the US, and a PhD in Law from Peking University. His major fields of research include fundamental theory of international law, international economic law and banking and financial law. He has published three monographs and one co-authored book, aswell as numerous articles, essays and comments on leading law journals and newspapers, such as Chinese Journal of Law, China Legal Science, People’s Daily and European Business Organization Law Review. 

Professor Liao Fan is one of the leading scholars at CASS Institute of International Law as well a leading scholar in the field of international economic law and in particular international financial law. He is among the most-cited Chinese international law scholars of his age. He frequently participates in the decision-making consultations and expert meetings of the relevant ministries and judicial organs. He has written a wide range of internal reports, several of which received official comments from the Party and State leaders. In virtue of his legal expertise and English language skill, he is very active in the English language media, participating for example in scores of live interviews on the China Global Television Network (CGTN, formerly the CCTV’s English Channel).  

II. Educational and Work Experiences 

? Since 2013: Research Fellow and Head of the Department of Research Coordination and International Cooperation, CASS Institute of International Law; 

? 2007-2013: Associate Research Fellow and Deputy Head of the Department of Research Coordination and International Cooperation, CASS Institute of International Law; 

? 2006-2007: Visiting Scholar at Columbia University; 

? 2005-2007: Assistant Research Fellow at the CASS Institute of International Law; 

? 2005: PhD in Law, Peking University; 

? 2002: LLM, Southern Methodist University, USA; 

? 1999: BA in Law, China Youth University of Political Studies. 

III. Academic and Professional Affiliations  

? Council Director,Chinese Society of International Economic Law; 

? Council Director, Chinese Society of International Economic and Trade Law; 

? Deputy Head, Committee of International Financial Law, China Society of International Economic and Trade Law; 

? Standing Council Director, Beijing Society of Financial Services Law; 

? Standing Council Director, Beijing Society of Internet Finance Law; 

? Arbitrator, China International Economic and Trade Arbitration Commission 

? Arbitrator, Shenzhen Court of International Arbitration/Shenzhen Arbitration Commission; 

? Specialist Mediator, Singapore International Mediation Center; 

? Member of the Expert Group for the Adjudication of Foreign-related Commercial and Maritime Cases, the Supreme People's Court. 

IV. Representative Academic Viewpoints 

1. On the global agenda and China’s position as to the reform of the WTO (2019) 

The WTO is facing an unprecedented crisis and it has become a consensus that the organization must be reformed. However, the involved parties are divided over the basic principles, contents and priorities of the reform. Proposals that have been submitted so far generally support increasing the flexibility of the organization's negotiation mechanism, thus breaking the multilateral negotiation deadlocks caused by the consensus requirement, and support making new trade rules, enhancing fair trade and eliminating investment barriers; they also support improving the review and surveillance functions of the WTO to ensure better compliance of the transparency and notification obligations by its members; in terms of dispute resolution, they support timely revision of relevant protocols and breaking the deadlock in the designation of appellate body members to ensure the normal functioning of the organization. For China, the key is to clearly understand its basic position and core concerns and present more specific reform proposals on the basis of the current Position Paper, so as to more actively participate in and push forward the reform process. 

2. On the status quo and problems of the cross-border financial regulatory cooperation and possible solutions thereto (2018) 

There are two ways of cross-border financial regulation cooperation: the bilateral one and the multilateral one. The former, represented by the US Cross-border securities regulatory cooperation, is carried out by means of memorandum of understanding, regulatory dialogue, technological aids and so on. The latter, according to participants and cooperation modes, may be further classified into the international organization mode, the informal country bloc mode and the inter-governmental network mode. The main problems and obstacles of the cross-border financial regulation include as follows: the international financial regulatory rules led by soft laws lack "hard effect"; the international financial regulatory standards implementation and supervision mechanisms are seriously insufficient, and the crisis-driven regulation cooperation lacks persistence and stability. The long-term aim of improving cross-border financial regulation is to establish a global financial regulatory (cooperation) organization on basis of a multiple agreement and capable of formulating, implementing and supervising the enforcement of binding international rules. The current solution is to take full advantage of the existing international organizations and mechanisms and systematically consolidate the effect of rules of relevant soft laws, thus strengthening their force, enforcement and implementation effect. 

3. On the interpretation and construction of a Community with Shared Future for Mankindagainst the background of global governance (2018) 

A Community with Shared Future for Mankind is a new global governance program that China contributes to the international community in the new era. In the origin of thought, a Community with Shared Future for Mankind is rooted in the idea of cosmopolitanism with the unanimous pursuit of universal harmony in the world and the Chinese traditional culture, and the Marxist community with the ultimate goal of building a "union of free men". In the concept inheritance, the community of a shared future is in line with the Five Principles of Peaceful Coexistence, the establishment of a new international order, the third-generation human rights, the principle of common inheritance of human property and other theories, principles and propositions. The concept of a Community with Shared Future for Mankind provides a new possibility for the combination of the interests and value, realism and idealism in international relations and international order, which can be understood and interpreted from the three dimensions of interest community, value community and responsibility community. A Community with Shared Future for Mankind should be promoted and constructed from the two levels of deepening the opening-up to the outside world and providing the "Chinese Solution", and adhering to the common discussion and construction and forming the "Common Solution".  

4. On the reflection of and outlook for Chinese international economic law research (2018) 

The "prosperity" of contemporary Chinese international economic law research is, to a great extent, superficial or even false, which reflects an overall anxiety for quick success and lack of taste and calmness. Major problems and shortcomings in such research include the weakness in the study of basic theories; the lack of issue awareness, approach consciousness, academic focus, clear orientation, proper balance, independent character and distinctive personality; and the lack of a reasonable and scientific academic environment and evaluation mechanism. In future, efforts should be made to further strengthen the study of basic theories and construct international economic theories with Chinese characteristics; to raise the overall taste and level of the research for it to go from "prosperity" to standardization; and to improve the academic environment and evaluation mechanism, so as to create a more researcher-friendly environment and atmosphere.  

5. On the status and role of soft law in global financial governance (2016) 

International financial soft law refers to the norms and rules governing international financial relations which have no legally binding force but which nevertheless may have practical effects, especially the various international financial standards formulated by international standard-setting bodies. The limited role played by the existing treaty rules, the complexity and volatility of financial regulatory practice, the sensitiveness of issues related to national sovereignty, and the lack of an effective dispute settlement mechanism in the international financial sector, all lead to the necessity of soft law in global financial governance. Soft law has a dual role in global financial governance: first, as a transfer station or interim period towards “hard law”, and second and more importantly, as a set of rules having independent value and contributing to global financial governance in its own right. To a large extent, soft law plays a more substantial role in global financial governance than hard law, and global financial governance might even be characterized as "rule of soft law". 

6. On the definition and scope of "financial consumers" (2012) 

It is imperative to shape the concept of "financial consumer" in China today, since there exists uncertainty when the traditional concept of consumer is applied in financial area and insufficiency of protection provided by current financial laws and regulations. A careful study of relevant legislations in the United States and United Kingdom indicates that the definition and scope of the concept of financial consumer is more of a product of practical evolution than of a result of theoretical deduction, and is inseparably linked to the model and system of financial regulation. Proceeding from actual conditions in China, a feasible approach may be adopted as follows. With regard to financial consumers, the concept may be defined in a broad way, thus enabling it to cover the whole financial service area. With regard to protection of consumers, the principle of minimum coordination should be observed, thus only providing for a general framework and leaving the drafting of detailed rules for implementation to industrial regulation departments based on their respective industrial characteristics and needs of regulation. Meanwhile, the existing concept of securities investor and the correspondent system of protection of investors should be maintained, so as to bring into coexistence and co-operation of the two concepts of financial consumer and securities investor and two systems of protection of financial consumers.  

7. On the proper regulation of financial conglomerates in China (2011) 

Financial operations and the regulation thereof have undergone drastic changes in China in the past few decades. Among these changes, the emergence and development of various financial conglomerates are quite noteworthy. At present,such financial conglomerates mainly exist in a de facto sense, due to the lack of corresponding specific laws and regulations. The regulatory structure is also immature in this respect. In particular, no meaningful coordination mechanism exists among different sectorial regulatory authorities, and the division of supervisory responsibilities in relation to financial conglomerates remains to be clarified. Different factors taken into account, it is submitted that a single mega-regulator is not desirable for the time being, while an effective coordination mechanism based on separated, functional regulation, with the central bank as the leading coordinator, is a more realistic and potentially better choice for China. 

8. On the difficulties facing the international monetary system and the possible solutions thereto (2008) 

The current international monetary system with the International Monetary Fund (IMF) at the core historically originated from the political compromise between major powers, more specifically the U.S. and U.K. This has left the system with inborn deficiencies in terms of effectiveness and enforceability. Moreover, with the evolution of the world economy, developing countries, especially those dynamic emerging markets such as the BRICs, have come to challenge the representativeness of this system dominated by wealthy developed countries. The unexpected global financial crisis further disclosed the underlying problems of the existing system.  

From the viewpoint of China as a unique actor in the IMF, the author summarizes the four major problems facing today’s IMF, i.e., strayed institutional role, one-sided policy supervision, imbalanced governance structure, and paralyzed dispute resolution. Some reform measures have already been taken or on the way, but they are inadequate for a meaningful change of the status quo. The author argues that further efforts should be made in terms of reshaping the institutional role, strengthening bilateral supervision, improving governance structure and promoting dispute resolution. The dual goal of the reform should be on the one hand to readjust the functions of the IMF, in order to enhance the effectiveness of its operation, and on the other hand to rebalance its power structure, so as to promote the democratization of its governance.  

Given that any reform can only be realized by means of revising the relevant legal instruments, and given that the revision of the Articles of Agreement themselves is extremely difficult, the author suggests to begin with lower instruments such as Rules and Regulations and Decisions, and also to make fuller use of the interpretation power conferred on the Board of Governors and the Executive Board by the Articles of Agreement.  

V. Main Publications 

Monographs 

1. New Development of the Study of International Financial Law, China Social Sciences Press, 2013; 

2. Legal Issues Regarding the Reform of the International Monetary and Financial System, Social Sciences Academic Press, 2012. 

3. Legal Issues Regarding the Securities Customer Property Risk, Peking University Press, 2005. 

Co-authored Books 

1. The Practical Development and Institutional Innovation of the Shanghai Pilot Free Trade Zone, China Social Sciences Press, 2017; 

2. The Changing International Law: Hotspots and Frontier, China Social Sciences Press, 2012; 

3. Research on Contemporary Chinese International Law, China Social Sciences Press, 2010; 

4. International Economic Law, Social Sciences Academic Press (China), 2006. 

Articles 

1. “Legal Solutions to the Prevention of the Local Governmental Debt Risk”, Social Sciences in Guangdong, July 2014; 

2. “The Reform of the WTO: Global Agenda and China’s Position”, International Economic Review, 2 (2019); 

3. “The American Unilateralism and Possible Responses from the Perspective of the USMCA”, Journal of Latin American Studies, 1 (2019); 

4. “Cross-border Financial Regulatory Cooperation: Status Quo, Problems and Solutions”, Political Science and Law, 12 (2018); 

5. “The Implication of Human Rights and Sovereignty in the Context of a Community with Shared Future for Mankind”, Jilin University Journal Social Sciences Edition, 6 (2018); 

6. “The Interpretation and Construction of a Community with Shared Future for Mankind against the Background of Global Governance”, China Legal Science, 5 (2018); 

7. “From ‘Prosperity’ to Standardization: Reflection on and Outlook for Chinese International Economic Law Research”, Tribune of Political Science and Law, 5 (2018); 

8. “China’s Rule of Law in Internet Finance 2017, in Blue Book of Rule of Law, Social Sciences Academic Press (China), March 2018; 

9. “Regulation of Government Subsidies: International Rule and China's Response”, Political Science and Law, 12 (2017); 

10. “New Development of the ISDS Mechanism”, Jiangxi Social Sciences, 10 (2017); 

11. “The ‘Conditionality’ of the AIIB Lending from a Comparative Law Perspective”, Law Science Magazine, 6 (2016); 

12. “The Status and Role of Soft Law in Global Financial Governance”, Journal of Xiamen University (Arts & Social Sciences), 2 (2016); 

13. “Quenching Thirst with Poison? Local Government Financing Vehicles - Past, Present, and Future”, in Benjamin L. Liebman & Curtis J. Milhaupt (ed.), Regulating the Visible Hand: the Institutional Implications of Chinese State Capitalism, Oxford University Press, 2016; 

14. “The National Security Review Mechanism in the Draft Foreign Investment Law Should be Improved”, Economic Information, January 2015; 

15. “Legal Solutions to the Prevention of the Local Governmental Debt Risk”, Social Sciences in Guangdong, July 2014; 

16. “Theoretical Breakthrough and Mechanical Innovation: Recent Development in UK’s Protection of Financial Consumers”, Social Sciences, August 2013; 

17. “Development and Trend in the Supervision of Global SIFIs”,Journal of International Economic Law, 1 (2013); 

18. “The Definition and Scope of the Concept of ‘Financial Consumer’”, Global Law Review, 4 (2012); 

19. “Regulation of Financial Conglomerates in China: from De facto to De jure”, European Business Organization Law Review, 2 (2011); 

20. “Reform of the Voting Power and Governance Structure in the IMF: Review and Comments”, Chinese Yearbook of International Law (2010), July 2011; 

21. “Evolution and Prospect of East-Asian Monetary Cooperation: A CMIM-focused Analysis”, Chinese International Law Review, Volume 4, April 2011; 

22. “International Monetary System: Difficulties and Way Out”, Chinese Journal of Law, 4 (2010); 

23. “Economic Globalization and the New Trends in International Economic Law: How Should China React”, Tsinghua Law Review, 6 (2009); 

24. “Competition, Conflict and Coordination of Financial Supervision”, Journal of Peking University, 3 (2008); 

25. “EU’s Supervision of Financial Conglomerates: from the Perspective of the Financial Directive”, Chinese International Law Review, 2 (2008); 

26. “Towards a Fairer International Trade System: Rethinking of the WTO Principle of Reciprocity”, International Trade, 6 (2007); 

27. “The Financial Contract Exception in the New Bankruptcy Act of the US: Introduction and Comments”, Securities Market Harold, 5 (2007); 

28. “Introduction to and Comments on the Enforcement Mechanism of the HK Securities and Futures Commission”, Global Law Review, 3 (2007); 

29. “Theories and Practices of Reverse Piercing of the Corporate Veil in U.S.: A Case-based Analysis”, Peking University Law Review, 2 (2007); 

30. “On the Model and Coordination Mechanism for the Regulation of the Cross-sector Financial Operation in China”, Securities Market Harold, 11 (2006); 

31. “Some Comments on the Orientation, Functions and Operation of the Securities Investor Protection Fund”,Financial Law Forum, 8 (2005); 

32. “Balance on the Wire: Evolution of the Disclosure Framework in U.S. Securities Regulation”, Law Science, 4 (2003).