Journal of Jiangxi University of Finance and Economics ›› 2019, Vol. 0 ›› Issue (02): 151-.

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An Exploration of China’s Participation Path and Specific Strategy in International Legislation on Financial Institution’s Social Responsibility in the New Era

LIU Sheng   

  1. (Xiamen University, Xiamen 361005, China)
  • Published:2021-01-21

Abstract: International legislation on social responsibility of financial institutions includes the inter-state legislation, which takes a state as the subject, and the private government legislation, which emerges upon negotiation among non-state actors. Therefore, China’s participation in the international legislation on social responsibility of financial institutions shall follow the parallel paths of participation by the state as the subject and participation by the financial institutions as the subject. The former requires a legislative method of a package game or early harvest and a legislative model of bilateral, regional and multilateral multi-thread advancement; while the latter is mainly reflected in a kind of strategy of gradual participation. There is a positive correlation of mutual affecting between the two. In terms of specific strategies, China shall transform from active participation in the past into laying equal stress on participating rules and dominating rules, and actively speak out China’s opinion through constructing or participating in relevant inter-state legislation?and private government legislation.

Key words: corporate social responsibility; financial institution’s social responsibility; inter-state legislation; private government legislation