Promote the transformation and development of the w88 sports betting industry through reform
(Source: "Economic Daily"9month25日9Version Author: Ding Zhijie)
Past10year, especially recently5was a period of rapid development of my country's w88 sports betting industry.2003The total assets of my country’s w88 sports betting financial institutions at the end of the year were less than28Trillion yuan,2008Year Breakthrough60Trillion yuan, this year6Month exceeded140Trillion yuan. The rapid development of the w88 sports betting industry is closely related to rapid economic growth. Rapid economic growth brings rapid development of the w88 sports betting industry, and rapid development of the w88 sports betting industry supports rapid economic growth. here1012612_12646
However, the w88 sports betting industry is at the juncture of transformation and development. First, my country's economic development has entered a stage of transformation and upgrading. A decline in economic growth will inevitably occur, and the expansion of the w88 sports betting industry will also slow down accordingly. It has been maintained in the past15%The above w88 sports betting industry asset growth rate this year6、7Month has dropped15%In the following, the connotative development of improving quality and efficiency is more important. Second, the liberalization of interest rates has put forward new requirements and challenges for bank operations and management. The trend of integration and the development of capital markets have brought new competitive pressures to the w88 sports betting industry. The profit model and space of banks will undergo great changes. The w88 sports betting industry has entered a stage of survival of the fittest from the question of whether to make more or less in the past.
The transformation and development of the w88 sports betting industry depends on reform. Improve the efficiency and quality of w88 sports betting services through reforms, and enhance the competitiveness and robustness of the w88 sports betting system. In the past two years, the China w88 sports betting Regulatory Commission has encouraged various w88 sports betting financial institutions to deepen reforms, and some banks have made positive progress in comprehensive operations, business unit systems, community banks, and internationalization.
This time, Shang Fulin, chairman of the China w88 sports betting Regulatory Commission, proposed six principles for deepening the new round of w88 sports betting reform: adhere to the principle of effective checks and balances to improve corporate governance; adhere to the principle of differentiated competition to improve sustainable development capabilities; adhere to the principle of risk isolation and prudently and steadily promote integration; adhere to the business "fence" principle to promote financial innovation; adhere to the principle of group consolidation to strengthen comprehensive risk management; adhere to the principle of information disclosure to improve social credibility. These six principles involve various fields such as bank corporate governance, development models, and operation management. They are both the principles and the focus of reform. The proposal of the six principles takes into account not only the reform experience and development status of my country's w88 sports betting industry, but also the new environment and new trends in the future development of the w88 sports betting industry, and fully absorbs the lessons of the international financial crisis and the latest progress in international financial regulatory reform.
Innovation is the driving force of development[4.60%Funds Research report]Quan. Innovation includes institutional and mechanism innovation, as well as business, tool, and service innovation. The liberalization of interest rates will bring huge room for development to the w88 sports betting industry and bring new financial needs, which require continuous innovation to adapt to and meet the needs of economic development. Financial supervision must leave room for innovation. This time, the six principles have reserved space for innovation in my country's w88 sports betting industry. They have not diluted innovation because of the existence of problems, but encouraged the improvement of business models, products and services through continuous innovation.
Risk is an important dimension of bank operation management and supervision by regulatory agencies. Banks must weigh risks and returns, and regulators must balance stability and efficiency to improve the robustness of individual bank operations and the operation of the w88 sports betting system. The six principles this time emphasize the importance of risk management, put forward isolation and fence principles respectively for comprehensive operations and product innovation, and require comprehensive risk management to be implemented on a consolidated basis to resolve existing potential risks and problems, avoid the accumulation of new risks during reform and innovation, and achieve a smooth transformation of the w88 sports betting industry.
In the future transformation and development of the w88 sports betting industry, we will naturally encounter problems of one kind or another. In the past period of time, there have been voices in the international community that are negative about China. Shadow w88 sports betting, local government debt, non-performing loans, etc. are the main materials for negative talk, and almost all of them involve banks, which have a great negative impact on my country's economic and financial stability. With the gradual resolution of these problems and the timely release of relevant information, the empty talk about China has gradually dissipated. This gives us an important inspiration to strengthen information disclosure and transparency.
Traditionally, bank information disclosure is mainly to meet regulatory requirements or product promotion, which is difficult to meet the needs of the transformation and development of the w88 sports betting industry. Therefore, the six principles specifically propose information disclosure based on improving social credibility, expand the connotation of information disclosure, enrich the tools and channels for information disclosure, and incorporate information disclosure and transparency into the daily operation and management of banks.
Attached are links to relevant reports:
"Economic Daily":http://paper.ce.cn/jjrb/html/2013-09/25/node_10.htm
People's Daily Online:http://ah.people.com.cn/n/2013/0925/c338265-19589244.html
ifeng.com:http://finance.ifeng.com/a/20130925/10754212_0.shtml
China.com:http://finance.china.com.cn/roll/20130925/1836625.shtml
China Economic Net:http://views.ce.cn/view/ent/201309/25/t20130925_1548738.shtml
Hexun.com:http://bank.hexun.com/2013-09-25/158299809.html
Global Network:http://finance.huanqiu.com/data/2013-09/4391112.html
