Core Insights - The 2025 Bund Summit will be held from October 23 to 25 in Huangpu District, Shanghai, focusing on the theme "Embracing Change: New Order, New Technology" [1] Group 1: Global Trade Dynamics - Jeffrey J. Schott, a senior researcher at the Peterson Institute for International Economics, emphasized the importance of "trust" and "enforcement" in the global trade system, which he views as core challenges [3] - Schott highlighted that the stability of U.S.-China relations and the multilateral trade mechanism relies on predictable policies and ongoing dialogue [3][4] - He noted that uncertainty in bilateral relations increases operational costs for businesses and creates political risks, advocating for a reduction in uncertainty to facilitate normal trade and investment [5] Group 2: U.S.-China Relations - Schott stated that restoring basic trust is essential for resolving U.S.-China trade tensions, which he believes is a long-term process [5] - He pointed out that even in areas of significant disagreement, communication should be maintained due to the profound impact that policy changes from either country can have on the global economy [3][5] - Schott expressed skepticism about the U.S. rejoining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the short term [5] Group 3: Multilateral Trade Agreements - Schott described the CPTPP as a beneficial complement to the World Trade Organization (WTO) rather than a replacement, noting that the U.S. withdrawal from the Trans-Pacific Partnership (TPP) was a mistake [5] - He mentioned that China's potential accession to the CPTPP would be a cautious and gradual process, with limited short-term progress expected [5] Group 4: WTO and Sanctions - Schott denied claims of WTO marginalization, asserting that it still plays a crucial role but requires updates to reflect contemporary technological and trade dynamics [6] - He differentiated between the quantity of sanctions and their policy impact, stating that current sanctions do not significantly threaten the dollar's status as the world's primary reserve currency [6] - Schott warned that long-term instability in U.S. domestic economic policy could lead to questions about the future of the dollar, similar to the historical decline of the pound [6] Group 5: Service Trade - Schott criticized the U.S. public discourse for often overlooking the significant contributions of service trade, which he considers a vital component of modern globalization [7]

Group 1: Conference Overview - The theme of the conference is "Embracing Change: New Order, New Technology," featuring 21 roundtable discussions and 11 closed-door meetings focused on key issues in economics, finance, and technology [1] - The conference aims to contribute to Shanghai's development as a globally influential international financial center and enhance China's role in international governance [1] Group 2: Key Participants - Prominent figures from the global economic and financial sectors are attending, including former central bank leaders from Europe, Japan, and Israel, who will discuss global monetary policy and trends [2] - Several finance ministers and former finance ministers will gather to explore macroeconomic policy coordination amid challenges to public finance sustainability [3] Group 3: European Perspective - Europe is navigating a complex phase of maintaining its influence in global governance while facing internal challenges and transatlantic tensions [4] - The conference includes discussions on European policy directions, strategic choices, and the impact of tariff policies on global trade, featuring representatives from various European institutions [4] Group 4: Focus on AI and Technology - The conference places significant emphasis on artificial intelligence (AI), with discussions covering its applications, impacts, and governance [5] - Notable experts, including award-winning economists and computer scientists, will analyze AI's long-term effects on global economic growth and labor markets [5][6] Group 5: China's Innovation and Financial Services - Specific sessions will address China's breakthroughs in AI technology and innovation mechanisms, aiming to enhance the health of the manufacturing sector and promote a virtuous cycle of technology, industry, and finance [6] - The conference will also focus on improving Shanghai's cross-border financial services and enhancing its status as an international financial center [7] Group 6: Asset Management Trends - The conference will explore new trends in asset management amid geopolitical conflicts and rapid technological changes, emphasizing the importance of asset management capabilities in assessing the strength of international financial centers [7] - Reports on global green finance governance and China's macroeconomic policies will be released during the conference [7]

Group 1: Conference Overview - The 2025 Bund Summit will open on October 23, focusing on the theme "Embracing Change: New Order, New Technology" with 21 roundtable discussions and 11 closed-door meetings [1] - The summit aims to contribute to Shanghai's development as a global financial center and enhance China's role in international governance [1] Group 2: Key Participants - The summit will feature prominent figures from the global economic and financial sectors, including former central bank leaders from Europe, Japan, and India, who will discuss global monetary policy trends [2] - Several finance ministers and former finance ministers will gather to explore macroeconomic policy coordination amid challenges to public finance sustainability [3] Group 3: European Perspective - Europe is navigating a complex phase of maintaining its influence in global governance while facing internal challenges and transatlantic tensions [4] - The summit will include discussions on European policy directions and the impact of tariff policies on global trade, featuring representatives from various European institutions [4] Group 4: Technology and AI Focus - The summit will place significant emphasis on technology, particularly artificial intelligence (AI), with discussions covering its applications, impacts, and governance [5] - Notable speakers include leading experts in AI and economics who will analyze the long-term effects of AI on global economic growth and industry structure [5] Group 5: China's Innovation and Digital Currency - Specific sessions will address breakthroughs in China's AI technology and innovation mechanisms, aiming to enhance the health of China's manufacturing sector [6] - Discussions on digital currencies and their impact on sovereign currencies and cross-border payment innovations will also be a key focus [6] Group 6: Shanghai's Financial Development - The summit will address enhancing Shanghai's cross-border financial services and provide practical suggestions for elevating its status as an international financial center [7] - Asset management trends in the context of geopolitical conflicts and monetary policy shifts will be explored, emphasizing the competitiveness of global asset management centers [7] - The summit will release reports on global green finance governance and China's macroeconomic policies [7]

Core Viewpoint - The former UN Secretary-General Ban Ki-moon emphasizes China's positive role in promoting multilateral cooperation and global governance, highlighting its constructive leadership and initiatives that align with UN principles [1] Group 1: China's Role in Global Governance - China, as one of the five permanent members of the UN Security Council, has played an active role in promoting multilateral cooperation since joining the UN [1] - Ban Ki-moon mentions China's initiatives, including the "Global Development Initiative," "Global Security Initiative," and "Global Governance Initiative," which resonate with the UN's three pillars of work [1] Group 2: UN's Importance - Despite ongoing global conflicts, the UN remains an irreplaceable foundation for maintaining world peace and promoting development [1] - Ban Ki-moon expresses deep respect for China's demonstrated leadership and sense of responsibility in the international arena [1]

Core Insights - Deep-sea mining has emerged as a contentious global issue, balancing economic interests, environmental risks, and international regulatory frameworks [1][2] - The International Seabed Authority (ISA) faces pressure from resource-demanding nations and multinational corporations while addressing ecological concerns from island nations and environmental organizations [1] - The negotiation process highlights the need for diverse interests to be balanced, emphasizing the importance of dynamic equilibrium for sustainable cooperation [2] Industry and Company Implications - The deep-sea mining debate underscores the intersection of resource extraction and environmental protection, necessitating that major powers balance development with responsibility in global governance [2] - Informal interactions during negotiations, such as "coffee time," can be crucial for building alliances and reaching consensus, indicating that effective negotiation requires flexibility between formal and informal settings [2] - There is a need for a training mechanism for composite negotiation talents, particularly in China, to enhance capabilities in international negotiations, which is essential for entities "going global" [3]

Core Insights - Deep-sea mining has emerged as a contentious global issue, balancing economic interests, environmental risks, and international regulatory frameworks [1][2] - The International Seabed Authority (ISA) faces pressure from resource-demanding nations and multinational corporations while addressing ecological concerns from island nations and environmental organizations [1][2] - The negotiation process highlights the need for vulnerable countries to leverage moral discourse and alliance strategies to gain relative advantages in international negotiations [1] Group 1: International Negotiation Dynamics - International negotiations seek to balance diverse interests, with countries prioritizing their benefits based on technological investment, resource endowment, and environmental vulnerability [2] - Global governance issues, such as deep-sea mining, require major powers to balance development and responsibility, proposing fair and sustainable institutional arrangements [2] - Informal interactions during negotiations can be crucial for breaking deadlocks, emphasizing the importance of flexibility between formal and informal communication [2] Group 2: Capacity Building for Negotiation - There is a need to enhance the framework and skill set for international negotiations, applicable to various Chinese entities facing complex issues [3] - Understanding cultural differences through field engagement is essential for identifying common ground and avoiding misunderstandings in negotiations [3] - A mechanism for cultivating composite negotiation talents is necessary, with a focus on interdisciplinary training and practical simulation platforms in Chinese higher education [3] Group 3: China's Role in Global Governance - China must uphold core interests while addressing global concerns, demonstrating responsible great power behavior [4] - Enhancing negotiation capabilities across government, enterprises, think tanks, and social organizations is vital for establishing a multi-layered foreign exchange network [4] - This approach will enable China to maintain its bottom line and gain more initiative in complex international negotiations [4]

新华社香港10月20日电（记者王昕怡）总部设在中国香港的国际调解院20日举行开业仪式，《关于 建立国际调解院的公约》缔约国、签署国代表及香港特别行政区各界人士近200人出席仪式。 中国外交部副部长华春莹致辞表示，短短5个月内，国际调解院实现了公约签署、生效和开业运 营，速度之快在国际组织建设史上十分罕见，充分表明国际调解院顺应时代潮流，受到国际社会的广泛 支持。 她指出，国际调解院理念与全球治理倡议高度契合，将为构建人类命运共同体注入法治正能量，也 将助力香港打造"调解之都"。她欢迎更多国家积极加入，充分利用国际调解院为和平解决国际争端作出 新贡献。 国际调解院秘书长郑若骅致辞指出，国际调解院珍视并践行多边主义，致力于成为和平解决国际争 端领域的全球公共产品和重要支柱。国际调解院旨在为国家间争议、国际投资争议以及国际商事争议提 供调解服务。 香港特区行政长官李家超致辞表示，很荣幸香港能成为国际调解院总部的所在地。香港享有"背靠 祖国、联通世界"的优势，同时秉持着悠久的法治传统。香港将进一步发挥"超级联系人"与"超级增值 人"角色，支持国际调解院和争端解决事业发展。 尼加拉瓜、委内瑞拉、刚果（布）、基里巴斯、巴 ...

（原标题：潘功胜会见国际货币基金组织总裁格奥尔基耶娃） 2025年10月16日，中国人民银行行长潘功胜在出席国际货币基金组织/世界银行年会期间会见了国际货 币基金组织（以下简称基金组织）总裁格奥尔基耶娃。中国人民银行副行长宣昌能参加会见，并在会前 会见了基金组织第一副总裁卡茨。 潘功胜指出，受地缘政治与技术变革等因素影响，全球经济格局正 发生深刻变革。基金组织作为全球最主要的多边金融机构，应旗帜鲜明地反对保护主义，倡导对话与合 作，捍卫多边主义。习近平总书记在今年9月提出全球治理倡议。中方将积极参与全球治理，为建设更 加公平、公正、包容、有韧性的全球治理体系贡献力量。双方并就人民银行与基金组织合作的一些具体 问题交换了意见。 来源：中国人民银行 ...

潘功胜指出，受地缘政治与技术变革等因素影响，全球经济格局正发生深刻变革。基金组 织作为全球最主要的多边金融机构，应旗帜鲜明地反对保护主义，倡导对话与合作，捍卫多 边主义。习近平总书记在今年9月提出全球治理倡议。中方将积极参与全球治理，为建设更加 公平、公正、包容、有韧性的全球治理体系贡献力量。双方并就人民银行与基金组织合作的 一些具体问题交换了意见。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 来源：中国人民银行 2025年10月16日，中国人民银行行长潘功胜在出席国际货币基金组织/世界银行年会期 间会见了国际货币基金组织（以下简称基金组织）总裁格奥尔基耶娃。中国人民银行副行 ...

Core Viewpoint - The global economic landscape is undergoing profound changes due to geopolitical factors and technological transformations, leading to weakened growth momentum worldwide [1] Economic Challenges - Trade frictions and geopolitical uncertainties are dragging down global economic growth [1] - Concerns are rising regarding the fiscal sustainability of developed economies and its spillover effects [1] - Financial market volatility may increase, posing severe challenges for emerging markets and developing economies [1] Call for Cooperation - Countries should enhance macroeconomic coordination and cooperation to maintain multilateralism [1] - There is a need to advocate for an open, rules-based multilateral trading system to inject more stability and certainty into the global economy [1] China's Role in Global Governance - China has recently proposed a global governance initiative and is willing to actively participate in building a fair, just, inclusive, and resilient global governance system [1] - China aims to deepen cooperation with the International Monetary Fund (IMF) to support its role in maintaining global economic and financial stability [1]