With the theme of "A Shared Future: Building an Open and Inclusive Economic and Financial System," the 2025 Tsinghua PBCSF Global Finance Forum opened on May 16, 2025. This year's forum includes the thematic discussion session "The Challenges Posed by Global Economic Fragmentation." Supported academically by the Research Center for Wealth Management of Tsinghua PBCSF, this session is moderated by Zhang Xiaoyan, Associate Dean and Chair Professor of Finance at Tsinghua PBCSF. Renowned panelists, including Kairat Kelimbetov, former Deputy Prime Minister of Kazakhstan and former Governor of the National Bank of Kazakhstan; Ouyang Weimin, Vice President of the China Society for Finance and Banking and former President of the China Development Bank; Boris Vujčić, Governor of the Croatian National Bank; and Nouriel Roubini, Professor Emeritus at NYU Stern School of Business, share their insights, analyze the far-reaching impacts on economies worldwide, and discuss potential solutions.