Shortening the w88 online live casino supply and demand chain and stimulating the economy can achieve real results
(Source: "Securities Daily"2014Year3month29日）
“To achieve the goals of expanding domestic demand and stabilizing growth, financial reform is bound to play an important role, which is also society’s requirement for the financial system. ”Wu Weixing, Vice Dean of the w88 casino of Finance, w88 casinopointed out in an exclusive interview with a reporter from Securities Daily.
Shortening the w88 online live casino supply and demand chain to increase economic growth momentum
“Promoting financial reform must enable the financial system to serve the real economy, promote healthy economic development, structural adjustment and the growth of strategic emerging industries, and make finance the driving force and source of improving the quality and efficiency of the real economy.” w88 online live casino said.
He believes that financial reform must solve two problems: first, the establishment of a market-based price determination mechanism, and second, the handling of the relationship between finance and the real economy. Make the chain of funds from fund suppliers to fund demanders as short as possible.
w88 online live casino believes that straightening out the price system and allowing the market to determine resource allocation is the top priority, and the market-oriented reform of interest rates and the internationalization of the RMB are the first issues. The marketization of deposit interest rates is a sign of interest rate marketization, but in the process of interest rate marketization, we should not just look at the launch of some iconic policies, but also look at related infrastructure such as the improvement of the benchmark interest rate formation mechanism and the timely and complete information disclosure. The second long-term goal is to further improve the marketization of my country's capital market. China's capital market must be constructed in the direction of marketization, legalization, and internationalization. Building a multi-level capital market to help more economic entities achieve their financial goals is a long-term practical need for the development of the real economy.
"In the short term, we must not only change the way of expanding monetary scale to stimulate the economy, but also strive to keep the economy running within a reasonable range. We should further change the current market segmentation, especially the bond market segmentation, to make investment and financing channels smoother, so that enterprises of different sizes and nature and other economic entities can raise funds through the bond market according to their own conditions and market reactions. We should strive to allow enterprises that meet basic standards to more conveniently carry out equity financing, and try not to allow risks to be concentrated in the banking system." w88 online live casino said.
Reform in the field of direct financing is more essential
"In the context of expanding domestic demand and stabilizing growth, reforms in the field of direct financing have a slower, but more essential effect on economic growth. The construction of a multi-level capital market is crucial to the development of the Chinese economy." w88 online live casino said.
He believes that we should actively promote the reform of the registration system and improve the delisting system, so that listed companies can enhance their ability to return investors while improving their own efficiency. The opening of the w88 online live casino market also has special significance for China's economic growth. If the legal system can be improved in accordance with international norms during the opening process, illegal activities such as false statements, insider trading, and market manipulation can be strictly investigated and punished, and the legitimate rights and interests of investors, especially small and medium-sized investors, can be resolutely protected. On the one hand, it will facilitate cross-border investment and financing by domestic and foreign entities. On the other hand, it will also make domestic investors more trustworthy in the w88 online live casino market and reduce the financing costs of superior companies.
“It is also necessary to promote the standardized development of the bond market, and allow different issuers and investor groups to participate in the issuance and investment process of the bond market, and strive to form a unified bond market to make the bond market flow smoothly and give full play to the role of bond financing channels in economic growth. At the same time, further develop government bond futures to make the pricing mechanism of the bond market transparent and reduce the difficulty of risk management for market participants. "w88 online live casino suggested.
Banking industry reform should be oriented towards the most active economies
w88 online live casino said: “In the context of China’s expansion of domestic demand, stabilization of growth, and deepening of financial reforms, the scale of indirect financing will still need to be further reduced, but this does not mean that indirect financing will do nothing. ”
First of all, the banking industry should provide targeted services to the most active economies, and not only rely on the regulatory authorities’ preferential w88 online live casino policies for small and micro enterprises, but should actually find profit models and grow together with small and medium-sized enterprises.
Second, the banking industry must accelerate innovation in financial engineering technology fields such as credit evaluation and asset liability management, rapidly improve big data analysis capabilities, significantly reduce customer management costs, and fully consider customer satisfaction. When banks face external competition such as Internet finance, they cannot win over customers through coercive means or use their own market advantages. Instead, they face competition bravely and give full play to their reputation, technology and other advantages.
Third, the incentive mechanism within the bank must be clarified. Different types of loans must be classified and evaluated. Different performance evaluation methods must be used for loans to large enterprises, small and medium-sized enterprises and government entities at all levels, so as to encourage bank staff to make optimal decisions between risks and returns.
Fourthly, with the deepening of reform and the introduction of the deposit insurance system, the operation and management of the banking industry will change greatly. However, the bank's own risk management capabilities still need to be further improved, and the bank's own defensive capabilities are always the first line of defense. (Our reporter Zuo Yonggang)
Attachment: Original report link:
http://zqrb.ccstock.cn/html/2014-03/29/content_409701.htm
ifeng.com:
http://finance.ifeng.com/a/20140329/12007709_0.shtml
Tencent:
http://finance.qq.com/a/20140329/001463.htm
NetEase:
http://money.163.com/14/0329/04/9OFOR8TA00254STO.html?frp091
Hexun.com:
http://news.hexun.com/2014-03-29/163485091.html
