2411-14062411-140610.17059/ekon.reg.2025-3-11Financial Cooperation in the SCO Amid Intensifying Regional IntegrationФинансовое сотрудничество в рамках ШОС в условиях усиливающейся региональной интеграцииhttps://orcid.org/0000-0003-3845-8335XuWenhongСюйВэньхун whxu@cass.org.cnInstitute of Russian, Eastern European and Central Asian Studies, Chinese Academy of Social SciencesИнститут России, Восточной Европы и Центральной Азии Китайской академии общественных наук213728740https://www.economyofregions.org/ojs/index.php/er/article/view/1274https://www.economyofregions.org/ojs/index.php/er/article/download/1274/459

Following three rounds of expansion, the Shanghai Cooperation Organization (SCO) has become the world’s largest comprehensive regional cooperation organization in terms of territory and population. Finance is the lifeblood of modern economies, underpinning economic development and regional stability. Financial cooperation in regional organizations serves as a key driver of economic integration, coordinated development, and enhanced international competitiveness. This study examines financial cooperation among SCO member states, focusing on major initiatives and achievements, and reviews the Organization’s development, mechanisms, challenges, and opportunities. It analyses the SCO’s role in promoting regional financial stability and economic growth, highlighting key mechanisms such as regional financial security, anti-money laundering and counter-terrorist financing, and local currency settlements. Despite challenges, including economic disparities among members and external uncertainties, the SCO can advance regional financial cooperation through multilateral mechanisms and financial innovation. The study provides a comprehensive assessment of existing resources, evaluates the potential of current intra-SCO mechanisms, and identifies both well-established and emerging areas of collaboration. By offering a panoramic view of financial cooperation within the SCO, this research summarizes past achievements and outlines pathways for future development.

Пройдя три этапа расширения, Шанхайская организация сотрудничества (ШОС) стала крупнейшей в мире многофункциональной региональной организацией по охвату территории и численности населения. Финансы — важнейший элемент современной экономики, от которого зависит экономическое развитие и стабильность в регионах. Финансовое сотрудничество в рамках региональных организаций является ключевым фактором экономической интеграции, согласованного развития и повышения международной конкурентоспособности. В данном исследовании рассматривается финансовое сотрудничество между государствами — членами ШОС с акцентом на основных инициативах и достижениях, также анализируется развитие организации, механизмы её работы, проблемы и возможности. Особое внимание уделяется роли ШОС в обеспечении региональной финансовой стабильности и стимулировании экономического роста с помощью таких инструментов, как поддержание региональной финансовой безопасности, борьба с отмыванием денег и финансированием терроризма, а также расчёты в национальных валютах. Несмотря на существующие вызовы, в том числе экономические различия между членами и неопределённость внешней среды, ШОС способна продвигать региональное финансовое сотрудничество с помощью многосторонних механизмов и финансовых инноваций. В статье дается комплексная оценка имеющихся ресурсов, анализируется потенциал механизмов ШОС и рассматриваются как уже устоявшиеся, так и перспективные направления сотрудничества. Представленный обзор финансового взаимодействия внутри ШОС позволяет подвести итоги прошлых достижений и определить пути дальнейшего развития организации.

Shanghai Cooperation Organization (SCO)member states of the SCOFinancial CooperationRegional EconomyMultilateral Financial MechanismsFinancial InnovationШанхайская организация сотрудничества (ШОС)государства-члены ШОСфинансовое сотрудничестворегиональная экономикамногосторонние финансовые механизмыфинансовые инновации

This research is an intermediate outcome of the innovation project “Russia’s Economic Development Path and Sino-Russian Economic and Trade Cooperation” at the Institute of Russian, Eastern European, and Central Asian Studies, Chinese Academy of Social Sciences (Project No. 2022EOYA02).

Это исследование является промежуточным результатом инновационного проекта «Путь экономического развития России и российско-китайское экономическое и торговое сотрудничество» при Институте России, Восточной Европы и Центральной Азии Китайской Академии общественных наук (номер проекта: 2022EOYA02).

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