From Dec 9 to 10, 2025 Professor Peng Yuchao, director of the International Cooperation Division and professor at the School of Finance, Central University of Finance and Economics (CUFE), was invited to Frankfurt, Germany, to attend the international workshop titled “Technological Innovations in Financial Markets—Risks and Opportunities in Banking and Regulation.”

At the workshop, Professor Peng systematically presented his latest co-authored working paper “Digital Technology, Legal Reforms, and Bank Lending.” Against the backdrop of the development of the digital economy, the study provides an in-depth analysis of how the widespread adoption of online auction systems in China has reshaped commercial banks’ credit supply behavior. Through a rigorous empirical research design, the paper reveals the micro-level mechanisms through which digital technology empowerment helps reduce information asymmetry and improve the efficiency of credit allocation.

The workshop was jointly organized by the Basel Committee on Banking Supervision (BCBS), which is responsible for setting global banking regulatory standards, the European Central Bank (ECB), the highest financial authority in the euro area, and the Centre for Economic Policy Research (CEPR), one of Europe’s leading economics research networks. Focusing on the new challenges facing the global financial system amid the digital transformation, the workshop explored the profound implications of emerging technologies—such as artificial intelligence and open banking—for traditional banking regulatory frameworks. Experts and scholars from the Bank for International Settlements (BIS), the ECB, the Federal Reserve, the Deutsche Bundesbank, the Bank of England, the Bank of Spain, the Central Bank of Ireland, the Banco de Portugal, as well as academic institutions including the London School of Economics and Political Science, Goethe University Frankfurt, and HEC Paris, attended the event.

This academic visit showcased CUFE’s latest research achievements in the fields of financial technology and regulation, and further deepened the university’s dialogue and cooperation with international financial regulatory institutions and leading European academic communities. Looking ahead, CUFE will continue to encourage and support faculty members to engage in high-level international academic exchanges and policy dialogues, tell China’s financial development stories on the global stage, and contribute to the advancement of the university’s Double First-Class initiative and the enhancement of its international academic influence.

Writers: GAO Boyang

Reviewers:PENG Yuchao

Editors: LI Ying

Approvers: HUO Xiaoran