The Belt and Road Digital Financial Cooperation and Risk Governance Policy Research

Abstract

Since the proposal of the "One Belt and One Road" initiative, it has attracted wide attention of the international community. As a key link of the OBOR initiative, financing is the blood of promoting the economic development of member countries, and the OBOR financial cooperation has been quite effective. Since 2013, the combination of digitalization and finance leads to new forms of finance, and the channels and methods of financial cooperation have been expanding. At the same time, the domestic and international environment has dramatically changed, especially since the COVID-19 and the conflict between Russia and Ukraine, so the OBOR transnational digital financial cooperation is facing unprecedented risks and challenges. Based on the analysis of existing literature, this paper explores the reasons behind the OBOR digital financial cooperation from the perspective of Neo Liberal Institutionalism. At the same time, this paper summarizes the current situation and characteristics of the OBOR digital financial cooperation and its multiple risks, and put forward feasible governance policy to help China participate in regional financial governance, provide regional leadership, work with countries along the OBOR to maintain world peace and stability.