中国与中东主权财富基金合作探析  

The Cooperation of SWFs between China and the Middle East

作　　者：杨力[1] 虞琤[1,2] YANG Li;YU Cheng

机构地区：[1]上海外国语大学 [2]中国保险监督管理委员会上海监管局

出　　处：《国际展望》2018年第4期138-151,158,共15页Global Review

基　　金：本文系教育部高校人文社会科学重点研究基地重大项目“中国参与中东地区金融合作的机遇与挑战研究”(16JJD790039)的阶段性成果。

摘　　要：作为国家公共部门投资主体的主权财富基金是国际金融体系中新的市场参与者,它的兴起意味着发展中国家在国际金融领域相对重要性的上升。中国与中东引领了全球主权财富基金的快速发展,双方的合作具有重要意义。从制度创新与变迁的视角分析,主权财富基金合作会对资本流动、监管协调、货币体系等广泛的国际制度领域产生影响,并可能推动国际金融制度演进和全球金融治理革新。自2008年全球金融危机以来,中国与中东主权财富基金通过联合投资、共建主权财富基金国际论坛等行动,一定意义上改变了国际金融市场的格局,并推动了国际金融监管机制的变革。中国应把握机遇,在防范地缘风险、维护金融安全利益的基础上,进一步推动双方主权财富基金合作,加强国际资本市场布局,并有效参与全球金融治理。Sovereign Wealth Funds(SWFs),as the stated-owned or public-sector institutional investors,are new market players in the international financial system.Their rise reveals that the developing countries are of greater importance to the international financial sector.China and the Middle East region are both global leaders for SWFs,giving sense to their further cooperation.From the perspective of international institutional innovations and changes,the cooperation among SWFs may have influences on a wide range of international regimes such as capital flow,regulatory coordination or monetary system,which in turn may cause the evolvement of international financial system and revolution of global financial governance.In recent years,China and the Middle East have achieved impressive progress in the international financial cooperation with their SWFs.By initiating landmark co-investments and formulating the International Forum of SWFs(IFSWF),they have altered the international financial market and transformed the international financial regulation to some extent,and also contributed to the stability of international financial order or even international financial system.Therefore,both parties may further lead the developing countries to better their financial position in the incoming globalization through cooperation of SWFs.China should seize the opportunities and battle the challenges to further such cooperation by exploring the international market strategically and participating in the global financial governance effectively,while preventing the due geographical risks and protecting the national security of financial interests.

关 键 词：主权财富基金 国际金融合作 一带一路 中东 

分 类 号：F831[经济管理—金融学] D815[政治法律—国际关系]