New York maintains its top position as global centre of international asset management as new hubs continue to gain ground in both Europe and Asia, according to the newly released 2025 Global Asset Management Centre Evaluation Index by the CEIBS Lujiazui International Institute of Finance (CLIIF) today.

“The main issue with the system is that it allocates tax revenue to regions based on where a product or service was produced, rather than where it was consumed."

The China Europe International Business School (CEIBS) held its annual Decision Sciences Symposium on July 15, 2025, at the Duan Yong Ping Academic Center, Room 109, on the CEIBS Shanghai Campus. The event was a hub of intellectual exchange, featuring leading scholars and FT journal editors presenting their latest research findings and engaging in thought-provoking discussions. 

"Given China's extreme regional development disparities, implementing consumption-based principles may impose significant tax losses on certain areas."

"In terms of institutional credibility – the government and central bank’s commitment to stability – as well as macro fundamentals such as low inflation, current account surplus and large foreign reserves, the yuan already enjoys considerable advantages."

“Most cognac producers are small owners who sell to traders... running fragile, difficult and small family farms, and are totally being strangled by this struggle that is out of their hands."

"A major economic challenge China faces is the risk of sustained deflation, which is exacerbated by 'neijuan'."

"China pushes the internationalisation of the yuan in the midst of a trade war with the United States."

As the global economic landscape grows increasingly complex, uncertainty driven by geopolitical tensions, trade frictions, climate change, and market volatility is posing a significant challenge to financial stability and sustainable development. Navigating this environment while driving financial innovation, support economic development, and accelerate the green transformation has become a pressing priority.

 “A ‘revenge rise’ in home price is never the goal, as the top leadership stresses stabilisation.”

“The authorities in China will be watching these movements very closely, as a depreciation that is too strong or too fast would be problematic."

“The Chinese government sent a signal that it was ready to intervene. This helped stabilize investor expectations.”

"This meeting is a big illustration of business diplomacy. Now there is not just dialogue between bodies, WTO entities and states, but diplomacy being led by companies that are not just representing themselves, but also their sectors."

“[Suppliers] operate on thin profit margins, so it’s quite likely that if tariffs are imposed on those products, the cost will be passed onto consumers.”

"[China wants] a fairer international economic order where there are reliable alternatives to the dollar."

"European investors also have strong demand for green financial products - the issuance also provides a better platform of communication with Europe.”

"Spending is pushed not by the central government, but by local governments.”

"Higher demand for Hong Kong dollars could ease the pressure on the currency peg."