全球经济失衡、主权财富基金与金融稳定

Global Economic Imbalance,Sovereign Wealth Funds and Financial Stability

全球经济失衡导致新兴国家的外汇储备巨额盈余,以外汇储备为资金来源的主权财富基金在此背景下迅速崛起。主权财富基金在全球范围内的大规模跨境投资,给国际金融市场稳定带来了正负两方面的效应。为了维护全球金融市场的健康持续发展,必须从金融稳定的视角,构建主权财富基金的国际监管框架。

Sovereign Wealth Funds, which are mainly funded by foreign exchange reserve, are developing fast under the background that emerging countries are holding large-scale foreign exchange reserve because of the global economic imbalance. Sovereign Wealth Funds make massive cross-border investment and exert important influences on the international financial market from positive and negative aspects. We should construct the framework of international supervision from the perspective of financial stability to ensure the healthy and sustainable development of the global financial market.