On September 16, 2025, the Financial University hosted a Russian-Chinese scientific seminar on budgetary and tax policy, organized in collaboration with the Chinese Academy of Fiscal Sciences under the Ministry of Finance of the People’s Republic of China.
The Rector of the Financial University, Stanislav Prokofiev, welcomed the guests from China, saying: “Russia and China share strong partnership relations based on mutual respect and common values. The Financial University has traditionally strengthened these ties: we currently educate over 100 students from China and maintain active cooperation with 32 leading Chinese universities. It is especially symbolic that our partnership with the Chinese Academy of Fiscal Sciences under the Ministry of Finance of the PRC is reaching a new level — this seminar on budgetary and tax policy clearly demonstrates the effectiveness of our dialogue aimed at achieving common goals.
In turn, Mr. Yin Hejun, President of the Chinese Academy of Fiscal Sciences, expressed gratitude to the Financial University’s leadership for a warm and cordial welcome: “Our partnership is a wonderful example of how academic cooperation can build strong bridges between theory and practice. I am confident that together we will lay a solid foundation for future joint research and prepare a new generation of specialists capable of making significant contributions to the economic development of our countries.”
Svetlana Solyannikova, Vice-Rector for Scientific Work at the Financial University, moderated the scientific discussion and highlighted the importance of dialogue between experts from the two countries: “Exchanging scientific viewpoints in a constantly changing environment allows for a deeper understanding of what financial sovereignty means in today’s economic reality. It is precisely such discussions that help develop strategic approaches to strengthening the financial stability and independence of our states.”
During the seminar, Ilya Sokolov, Leading Research Fellow at the Institute for Socio-Economic Transformation and Financial Policy Studies of the Financial University, delivered a report titled “Financial Sovereignty: Concept, Factors, and Assessment.” Mr. Chen Long, Director of the Editorial Board of the Chinese Academy of Fiscal Sciences’ journal under the Ministry of Finance of the PRC, presented on budgetary and tax transformation and incentives for economic growth.
Professor Marina Sedova from the Department of Public Finance at the Financial University and Mr. Zhao Fuchang, Director of the CAFS Research Center for Public Finance and Governance, discussed budgetary and tax policy as well as approaches to addressing social inequality.
The Russian-Chinese scientific seminar on budgetary and tax policy also covered topics including enhancing the economic potential of both countries, ensuring equitable growth of citizens’ welfare and regional development, and maintaining macroeconomic stability and financial resilience.
The Financial University traditionally places great emphasis on strengthening international ties and developing academic cooperation. Hosting the Russian-Chinese scientific seminar represents an important step in advancing integration processes in the scientific and educational sphere between the two nations, shaping a shared vision for the future of economic education, and laying the groundwork for long-term and mutually beneficial collaboration.
