A Study on the Impact of the Belt and Road Initiative on the Global Financial System

Since its inception, the Belt and Road Initiative (BRI) has significantly influenced the development of the global financial system. This study mainly explores the specific measures and achievements of the BRI in promoting global financial market connectivity, the construction of diversified financing channels, and addressing financial risks. The research analyzes the progress made through the establishment of cross-border payment and RMB settlement systems, which enhance transaction efficiency, reduce costs, and promote the internationalization of the RMB. It discusses how diversified financing tools, such as the Silk Road Fund and the Asian Infrastructure Investment Bank (AIIB), provide financial support for infrastructure development and economic cooperation, as well as their role in fostering regional economic integration. The study also emphasizes the challenges and strategies for financial risk management and regulatory coordination under the BRI. By strengthening financial market connectivity, promoting diversified financing, and enhancing financial risk management, the BRI has improved the stability and sustainability of the global financial system.