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Treasury & Capital Markets
AXA, Tsinghua link on macro risk management, Chinese monetary policy
Tsinghua SEM, a prominent institution for economics in China, is set to develop a scientific programme which aims to link with global academic and policymaking communities and improve its understanding of the underlying mechanisms of monetary stability.
The Asset 24 Oct 2014

Tsinghua SEM, a prominent institution for economics in China, is set to develop a scientific programme which aims to link with global academic and policymaking communities and improve its understanding of the underlying mechanisms of monetary stability.

 

AXA's support will accompany Tsinghua SEM's progress in terms of academic excellence, international attractiveness, education and engagement with policymakers. The goal is to fuel Chinese research and create a collaborative stream between China and the Western world.

 

The project has been initiated by the dean of the school, Yingyi Qian: "The role played by the Chinese economy and currency in the global economy is rapidly increasing. In this regard, the Chinese monetary system is becoming a key parameter for macro-monetary stability, or instability, of international markets. Therefore I believe there is a crucial need to connect local and international academics to policymaker circles in China, and bridge the gap between Chinese and Western academia."

 

Eric Chaney, chief economist of the AXA Group, commented: "China's liberalization of its financial markets and the role played by its currency are hot topics. Getting a Chinese perspective in a context where the major currencies are floating against each other, will bring a valuable and rare angle to the research carried out in this innovative programme."

 

This strategic research partnership at Tsinghua SEM strengthens AXA Research Fund's ties with the university as another project, led by Michael Powers, was launched a year ago to look at the impact of cultural attitudes on property insurance in the Chinese market.

 

The amount granted to Tsinghua SEM brings the AXA Research Fund's overall support to Chinese research (Hong Kong included), to 3.9 million euro covering nine research projects ranging from macroeconomics to climate risks and pandemics.

 

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