w88 casino News Network (Reporter Liu Liwei Photography Deng Peiyun)“Golden fiber helps the world, and friendship spreads all over the world”, the 13th Financial Culture Festival was held3month20It kicked off at 15:00 on the 3rd floor of the Ningyuan Conference Hall. The annual Financial Culture Festival aims to provide students who love finance with a platform to discuss hot issues in depth, so that more people can understand the essence of finance and feel the charm of finance. Wang Guogang, director of the Institute of Finance of the Chinese Academy of Social Sciences, was invited to the opening ceremony to give a lecture.
Dean of the w88 casino of Finance Ding Zhijie, Branch Party Committee Secretary Wu Weixing, Vice Dean Zou Yasheng, Vice Dean Pan Huifeng, and Branch Party Committee Deputy Secretary Wang Chunlei attended the opening ceremony.
Opening ceremony scene
Ding Zhijie proudly said in his opening speech that the Financial Culture Festival has always focused on the combination of the first classroom and the second classroom, the combination of theory and practice, aiming to grasp the pulse of the times and cultivate innovative thinking. In previous financial culture festivals, many economists and entrepreneurs have come to w88 casino to give lectures, which broadened students' horizons; various activities in the financial culture festival also trained students' ability to solve practical problems.2014The 13th Financial Culture Festival will strive to innovate on the basis of inheriting tradition. Academic seminars, financial hot spot analysis competition and other activities will be held for the first time this year.
Wang Wangogang’s lecture focused on the reform of China’s financial system. He pointed out that since the Third Plenary Session of the 18th CPC Central Committee, more than 30 reform plans have been proposed and are being gradually implemented and implemented. He believes that the fundamental reform lies in the reform of the financial system, but the current reform measures are mostly scattered and individual reforms.
Wang Guogang proposed four key points to carry out effective financial system reform. First, the reform must adhere to the idea that the market plays a decisive role in resource allocation. Wang Guogang pointed out that banks still account for a large proportion in my country's resource allocation, which will lead to the administrativeization of the economy. Second, there must be a unified market access system. Financial transactions do not necessarily have to be completed only by financial institutions, but can be handed over to economic entities. Third, a sound financial market system. Fourth, we must continue to improve the market-based mechanism for the RMB exchange rate.
Wang Guogang’s passionate speech
Wang Guogang said that going back to the theoretical origin, finance serves the real economy. But he believes this statement is not clear enough. Does finance exist outside or within the real economy? “Finance is rooted in the real economy!” Wang Guogang vividly compared finance to plants and the real economy to soil. When paying attention to the lush branches and leaves of grass and trees, you must not ignore the soil in which they grow. The soil environment determines the species of grass and trees. Even the plants grown in the same soil are all kinds of strange. They are symbiotic and complementary, just like different financial institutions that develop based on the same real economic environment. In practice, financial activities should not exist in isolation in financial institutions, but should be carried out in the real economic sector.
However, my country's current finance is externally implanted in the real economy. Wang Guogang calls it an “external financial system.” In our country, there is no financial cooperation between residents and enterprises, or between enterprises, and financial coordination is controlled by the fiscal system. Affected by the planned economy, the financial sector generally continued the examination and approval system, and even once put forward the slogan of "refining examination and approval in order to deepen reform." Not only does this lead to inefficiency, but it also makes hiring overly administrative.
Wang Guogang believes that in addition to the above-mentioned defects, the explant economy will also reduce the operational capacity and market competitiveness of the real economy, bringing undue risks to the financial system. In addition, under the influence of this economic system, there is a serious mismatch of funds between the real economic sector and the financial sector. The money market has become a market for financial institutions to w88 with each other, and various financial reforms have also struggled.
Audiences who actively asked questions
However, Wang Guogang also admitted that the explant economy is not without its merits. When there was a shortage of funds, it was this economic system that enabled China to start and develop rapidly and escape the poverty trap claimed by Western economists. At the same time, the financial order continues to remain stable, which provides sufficient time and space for discussion of the financial system with Chinese characteristics.
News Network reporter interviewed Wang Guogang
This event is hosted by the Student Union of the Youth League Committee of the w88 casino of Finance.
