China: Global System's Reluctant, Resolute Leader

Fang Xianghai, vice chairman of the China Securities Regulatory Commission, gives a speech at the seventh Caixin Summit on Friday. Photo: Chen Weixi/Caixin

(Beijing) – China has emerged as globalization's new leader, not voluntarily, but because abandoning the current system's cross-border links would hurt national interests, said a senior securities regulator.

China is cautiously excited about today's global economic shakeup, which could be the biggest in 100 years, and potential opportunities lying ahead, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said Friday at the seventh Caixin Summit.