邢唷> AC@欹 餜bjbj2,xx  87S*ooooo.  %*'*'*'*'*'*'*-00`'*!'*ooZH*[[[oo%*[%*[[e()o疤1\Cа:(*^*0*(0L0$)0)P['*'*[*0  : D桍N1 乢茤啒遅魦f Proposals are invited which focus on one or more of the following broad interrelated areas of research. Applications are welcome from any discipline or combination of disciplines relevant to the themes of the call, subject to the remit requirements of the Funders.The role of the Chinese financial system in sustaining economic growth To a large extent the experience of China appears to conflict with evidence from much of the established literature, which emphasises the importance of a developed financial system (and supporting legal and regulatory framework) as a necessary precondition for economic development and growth. At first sight this does not appear to have been the case for China, where the official elements of the financial system are dominated by very large, but by most measures relatively inefficient, banks and where financial markets are still at an early stage of development. How has China managed to achieve such high economic growth rates in the absence of a more developed financial system? Can growth be sustained without development and reform of the financial system as the economy develops into a more mature phase less dependent on rapid growth in investment and exports? Is the financial system itself now a barrier or threat to sustained economic growth and stability? How does it need to be developed in order to support economic restructuring and sustainable growth? Alternative strategies for reform and liberalization As the Chinese economy enters a more mature phase it is argued by some that the existing structure of the financial system will need to be reformed and liberalised, with associated implications for the development of regulation, the legal system and accounting standards. What should be the authorities key priorities and what strategies offer the most promising route for developing financial institutions and markets that can better meet the needs of an increasingly complex economy? What are the risks associated with the unofficial or 憇hadow banking sector, which is seemingly a substitute for formal financial institutions in supporting growth in China? How can it be effectively regulated without undermining its ability to support new enterprises and growth? What regulatory, legal and other reforms are required to promote the balanced development of integrated banking, stock, bond and other financial markets so that they can support the needs of an increasingly open economy? Would liberalising the capital account help encourage a more diverse investor base in China? How can this be achieved without resulting in unacceptable systemic risk or macroeconomic volatility? What structures and institutional frameworks offer the best means of providing access to finance for the rural poor?Cross-border M&As, Foreign Direct Investment and RMB InternationalizationRecently, large numbers of Chinese companies have been involved in cross-border M&A activity under the support of the government抯 揋oing out policy to the extent that China is now a major originator of overseas direct investment. As well as offering potential benefits to the donor economy, direct overseas investment of this kind is an important potential means by which China can improve returns on its overseas assets whilst acquiring foreign technology and management skills which can help accelerate the development of the domestic economy. However, direct overseas investment itself brings significant financial risks which are made more complex because of the growing international role of the RMB.What are the implications of RMB internationalization for the funding of overseas acquisitions and other forms of overseas direct investment? How are the associated financial risks (foreign currency risk and interest rate risk) affected by the growth of the RMB as an international currency and how can such risks be best mitigated by acquiring firms?牋 Issues for regulation, risk management and governanceEvents since the 2008 crisis have seen major reforms of the regulatory architecture relating to the global financial and domestic banking systems, with increased emphasis on systemic financial stability and developments in macroprudential policy. How should themacroprudentialand micropudential regime in China be developed to deal with systemic and idiosyncratic risk respectively as the domestic financial system evolves? What are the trade-offs between stability, innovation and competition and how should this guide regulatory and competition policy and the desired pace of innovation? How can China manage its exposure to increased risks from the financial sector as domestic markets and institutions become more integrated with the international financial system?The potential of technology-based financial innovation (慺intech or 揳lternative finance) and associated new business models in the Chinese context. New data sources (態ig data) and associated methodologies and technologies (慺intech or so-called 揳lternative finance) are being reflected in the development of new business models (such as P2P lending, 慶rowd-funding, internet-based third party payment and collective investment schemes) which may over time transform the structure of financial services. What potential does technology-based financial innovation offer in the Chinese context as an alternative or supplement to established financial institutions? Does this innovation potentially introduce new risks to the financial system? How should the regulatory regime respond so as to manage such risks without unduly restricting innovation and growth? What are the impacts of program/high frequency trading on market dynamics and what are the associated issues for risk management and regulation in the Chinese context?B ~    ] ^ _ p ,lm腈姿姿姿準姿姿讬寵尓甲yh學橶!ho$h鈜B*PJ^JaJph!h_h鈜B*PJ^JaJph%h-lh鈜B*OJPJQJ^Jphho$h鈜PJ^JaJ!ho$h鈜B*PJ^JaJph#ho$h鈜5丅*PJ\乛Jphho$h鈜B*PJ^Jphh鈜B*PJ^Jphho$h鈜B*PJ^Jph h_5 h ;E5乷( hHt5乷( h_5乷(   ^ _  $ & F劋1$UDWD]劋a$gd-lm$ gd鈜勁^勁gd鈜$ & F勁勫1$WD^勁`勫$gd鈜m$gd鈜$1$a$m-.WX:$ & F勦1$WD]勦a$gd鈜m$ & F勁勫1$WD^勁`勫d鈜m$gd鈜劋劋UD]劋^劋gd鈜$ & F劋1$UDWD]劋a$gd鈜m$m-WX-.箐醞賞嶽道獦鋲xg榊NC;Ch鈜PJ^Jho$h鈜PJ^Jho$h鈜PJ^Jho$h鈜5丳J\乛J!ho$h鈜B*PJ^JaJph!h_h鈜B*PJ^JaJphho$h鈜B*PJ^Jph#ho$h鈜5丅*PJ\乛Jphho$h鈜B* phI}ho$h鈜^JaJho$h鈜aJh鈜 ho$h鈜ho$h鈜5丅*\乛Jphho$h鈜B*PJ^Jphho$h鈜aJnH tH ./9勦`勦gd1Y$$d@@&gd鈜$ & F勦1$WD]勦a$gd鈜m$gd鈜劋剷UD]劋^剷gd鈜9芟強豢豢豢磺h djh dUh鈜h_o(h_h鈜PJ^JaJ!h_h鈜B*PJ^JaJphho$h鈜PJ^Jh鈜PJ^J0182P皞. 捌A!"#悹$悹%癝班 愋j 666666666vvvvvvvvv666446>666666666666666666666666666666666666666666666646hH66666666666666666666666666666666666666666666666666666666666666666662 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~ OJPJQJ_HmH nHsH tHR`R ck噀 $1$a$(CJKHOJQJ_HaJmH nHsH tHb b h槝 1!dBXDYD$$@&5丆J,KH,\乤J,mHsHtH$A $ 貫祂=刉[SOFiF 0nf恏*B* `J phZU Z 0厤;567:;>*B*CJOJQJS*\]`JaJo(phN/N  ck噀噀,g)蹚 2 CharCJOJPJQJ\^JaJL/!L  h槝 1 Char"5CJ,KH,OJPJQJ\^JaJ,D/1D h槝 Char5CJ OJPJQJ\^JaJ J/AJ oRh槝 Char"5CJ KHOJPJQJ\^JaJ :/Q: 0u w CharCJKHOJQJaJ:/a: 0u CharCJKHOJQJaJ@/q@ 0 yb鑜Fh噀,g CharCJKHOJQJaJ`> ` h槝ゐXD<YDa$$@&&5丆J KHOJQJ\乤J mHsHtHnR n ck噀噀,g)蹚 2 d\XDYD`#CJKHOJPJ\乤JmHsHtHZ Z 0u w'a$$G$&dP 9r CJaJmHsHtHhJ h oRh槝!d8ゐXD<YDa$$@&&5丆J KHOJQJ\乤J mHsHtHH H 0ua$$G$ 9r CJaJmHsHtH: : 0yb鑜Fh噀,gCJaJmHsHtH<矦<  R鶴祂=WD劋`劋 OJQJaJPK!倞[Content_Types].xml瑧薺0E鲄卸豶(ヘ微Iw},潯-j弰4 蛇w旄P-t#b螜{U畯銧擉T閁^h卍}悒)蛔*1P' 揯鬃W孱0)櫐T闉9<搇#ぼ$yi}佸;纞@囨(顚蹌H滖男u* D谞z內/0娗盃瘥 $ X3aZ⒁鑼,癉0j~3叨蝏溈~i>贗3縗`?/[G歿\!-跼k.搒曰..椃碼嬋?PK!ブх6 _rels/.rels剰蟡0 囷吔冄}Q頤%v/C/(h"脎O 劋秣=畫旂 毆免C?薶醰=偵叅%[xp啠{鄣_糚眩<10堎O糝瓸d焉襃E4b$q_槥6L籲R7`畯ㄉ趁0虨O,錏n7擫i鋌〃/鉙綈╡械根鑄PK!kytheme/theme/themeManager.xml 蘉 @醹愘7c(Eb菜CA菭覠圩邈7蕪諞K Y, 奺.埛饇,ㄚH,l崆駢x紗逫萻Q}#諓叚遞 值+!,較$j=婫W櫨)釫+& 8PK!mQtheme/theme/theme1.xml靁MoE#F{oc'vGuh覨盵糟x=逎zvg53Nj廐H垈z飴昛 $石I)*E阓酀欇鮊&IA!裎>秣羌3緓镹男>掤擱U蟇L0斈屵嚦z迃rx鰾脅稔h9T8奣/魁煜?鍃Y雒'蟸3S琦棌~蜩鶅O_|w)馉鎘圚t=乤+d NG1-Rl苼1諶J鴚T锠疢1Kｃ柩"o he浪撣幝絇L-憒%絎臙甴Y7'qP.\L姼=岟薲穛炷3I爋fi墸.帽墘BRb-J款P_p蒅 茛▍i㎏鷗郿訉h汧梚櫷o7;7Q嫵2染媱珼>a/銐翾>嶺厭W 藬霱卂膗H剄)薶 胺+:Vi豾4r態裶汐橌"r嫃!帓2l徠a麃C奲此U|嚮!8^顩8>軤仯,A魶壭眲V韙鄨讕厏ls囔14犁_=,澀返o聻TV 跥陲"苧鎎H唼灮'.4熯x薜躻-戲蹺鮸褾;氕衯躑`嘼3"G 'e\昮H柊O 話ㄩ恬愪'$劘i_wp伬 >*靺8魂i&丩Y%\鋁,楎謝視=矚伭壵阱綔 r6f 提3儲淭厥厰)橗:陋ZK誏玸ゅ&C 鏜兣軟0 [浪玴@註醏j扣7 媺耏咹唜Hi葷cT5A蕆跑@顢腍驇馴AZC硙i' RQ\m伕,zo,僩Q襲{Y\,Nψ/=溷ら嵿L _.跆嘫7C6韽-fS宄h62密"5咍麥罭H凾[X65太4X%Y龡豚殖2纅鷎h輩紳痠~tCKF#猥b +趙1m鑵4`眹!:U翞!昿5a:倊{4韒笫m蝘o 萎c杽8m泛D矹秔S槍姍豓1鋣?#S奿?3E'pS2疳W`る甸q]( ┻08樲w別 n撏A鯴[s枃)k8皓= Aa?R d趻刪c楿詠瞬d)#換ueb恾滿捷C!ず&i0福>4魫S7鋥z蟣 F箎 4sKvUKo瘸椒h垀1砵YU奧V蠬塔5U8錠k;譁潘鮈9堚寂皹D 荀 ?*|FL 迪鳡"A3兇伂>g類dm2iV值殍そ杕謌<殞r8[kv抶熞蠃p鎶sj,潩z傴礭[鑚堨叆Qv11縤u鈨-高0%M2羙J描3u舘%覎PK! 褠煻'theme/theme/_rels/themeManager.xml.rels剰M 0匃倃oo雍&輬協勪5 6?$Q祉 ,.嘺緳i粭澤c21h:闀q毩m胳嶡RN壻;d癭値o7g慘(M&$R(.1榬'J摐袏T鶂8V"＆A然蠬鱱}狇|$絙{朠除8塯/]As賲(⑵銻#洩L蔥漢倪PK-!倞[Content_Types].xmlPK-!ブх6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!mQtheme/theme/theme1.xmlPK-! 褠煻' theme/theme/_rels/themeManager.xml.relsPK]  , m餱  S 溇徽s溍>@饞 0(  養 S  ?餒0(   OLE_LINK2 OLE_LINK1 al n}}G Hh娥躠l)躠l)ae;>N'>F診(鞪&]qZA 勑剺勑`剺﨩JQJo(佛劆剺劆`剺﨩J QJ ^J o(o 刾剺刾`剺﨩J QJ o(ю 凘 剺凘 `剺﨩JQJo(佛剺`剺﨩J QJ ^J o(o 勦剺勦`剺﨩J QJ o(ю 劙剺劙`剺﨩JQJo(佛剙剺剙`剺﨩J QJ ^J o(o 凱剺凱`剺﨩J QJ o(ю刪剺刪`剺(.凥刓凥`刓)勳刓勳`刓.剱刓剱`刓.4刓4`刓)勜 刓勜 `刓.剕 刓剕 `刓. 刓 `刓)勀刓勀`刓. 勑剺勑`剺﨩JQJo(佛劆剺劆`剺﨩J QJ ^J o(o 刾剺刾`剺﨩J QJ o(ю 凘 剺凘 `剺﨩JQJo(佛剺`剺﨩J QJ ^J o(o 勦剺勦`剺﨩J QJ o(ю 劙剺劙`剺﨩JQJo(佛剙剺剙`剺﨩J QJ ^J o(o 凱剺凱`剺﨩J QJ o(ю 勑剺勑`剺﨩JQJo(佛劆剺劆`剺﨩J QJ ^J o(o 刾剺刾`剺﨩J QJ o(ю 凘 剺凘 `剺﨩JQJo(佛剺`剺﨩J QJ ^J o(o 勦剺勦`剺﨩J QJ o(ю 劙剺劙`剺﨩JQJo(佛剙剺剙`剺﨩J QJ ^J o(o 凱剺凱`剺﨩J QJ o(ю 則剺則`剺﨩JQJo(佛凞剺凞`剺﨩J QJ ^J o(o  剺 `剺﨩J QJ o(ю 勪 剺勪 `剺﨩JQJo(佛劥剺劥`剺﨩J QJ ^J o(o 剟剺剟`剺﨩J QJ o(ю 凾剺凾`剺﨩JQJo(佛$剺$`剺﨩J QJ ^J o(o 勽剺勽`剺﨩J QJ o(ю 8剺8`剺﨩JQJo(佛剺`剺﨩J QJ ^J o(o 勜 剺勜 `剺﨩J QJ o(ю 劏 剺劏 `剺﨩JQJo(佛剎剺剎`剺﨩J QJ ^J o(o 凥剺凥`剺﨩J QJ o(ю 剺`剺﨩JQJo(佛勮剺勮`剺﨩J QJ ^J o(o 劯剺劯`剺﨩J QJ o(ю躠l)槪1(鞪]qG Hae;'>                                              dau!玡0 E ;E咢f-ltW1Y鈜_Ht恵W2@``@Unknown G* Times New Roman5Symbol3. * ArialUSimSunTimes New Roman7.爗 @Calibri;媅SOSimSunM%Times New Roman;5 N媅_GB23127燢@Cambria?= * Courier New;WingdingsA犽 BCambria Math 萉h2EЩ2EEGaF )aF )!r3僎)?'*2! xxD桍N2Usernsfcfile@nsfc.gov.cn$      鄥燆鵒h珣+'遲0 $ D P \ ht|附件2User Normal.dotmnsfcfile@nsfc.gov.cn2Microsoft Office Word@@p擊 パ@=Cа@=CаaF脹諟.摋+,D脹諟.摋+,|8   (0)  ` ?GKSOProductBuildVer2052-9.1.0.4856  !"#$%&'()*+,-./12345679:;<=>?BRoot Entry F爄;\CаD1Table0WordDocument2,SummaryInformation(0DocumentSummaryInformation88CompObju  F#Microsoft Office Word 97-2003 文檔 MSWordDocWord.Document.89瞦