国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

Financial system reform

Updated: 2013-11-04 07:14
By Zhang Monan ( China Daily)

Emphasis needs to be placed on helping the country's real economy, SMEs in particular, gain easier access to funds

Financial system reform

The Third Plenary Session of the 18th National Congress of the Communist Party of China is expected to set the tone for new reforms in the coming years, and there are high expectations that it will signal further financial reforms.

To eliminate the structural imbalances in the country's financial sector will be a key issue in any financial reforms. Aside from the marketization of its interest and exchange rates, the emphasis should be on how to raise the efficiency of its financial resources distribution and how to help its real economic activities gain easier access to financial support.

China boasts a colossal stock of accumulated financial assets. However, a portion of these financial assets has not been fully utilized, with some of them sitting idle, due to an unreasonable structure and their maldistribution.

The country's current financial system, which is mainly based on banking loans, has given a helping hand to the development of its sprawling manufacturing and infrastructure sectors, but there has been insufficient financial support for high-tech, services and small and medium-sized enterprises. Due to their longstanding preference for large projects and large companies, China's banking loans have mainly flown to government-subsidized projects, State-owned or large-sized enterprises, and dominant traditional industries while leaving many small and less powerful companies, mostly privately-run, desperately hungry for funds. For example, the large amount of credit that has gone to real estate and government-sponsored investment projects has served as a factor behind the lackluster development of small and medium-sized manufacturers.

The irrational prosperity of financial products has also "squeezed" real economic activities. The rocketing social financing scale and a sharp rise in the volumes of off-balance-sheet financing and bonds financing since 2011 have been in sharp contrast with the continuous deceleration of the country's national economic growth and the downturn of its macroeconomic output. A large volume of additional currency supply has been injected into the market, but the lion's share has not entered the real economy. The direct consequence of this is the weakness of industrial production, manufacturing investment and commodities circulation. At the same time, the rising debt ratio and banks' hidden non-performing assets also pose huge risks.

Previous Page 1 2 Next Page

 
 
...
申扎县| 峨山| 武义县| 德令哈市| 南涧| 昌宁县| 淅川县| 遂宁市| 渑池县| 清徐县| 梅河口市| 安康市| 吴川市| 康平县| 礼泉县| 肇州县| 金沙县| 铁岭县| 思茅市| 阿荣旗| 云安县| 富川| 济阳县| 达日县| 霍山县| 镇巴县| 滦平县| 谷城县| 海原县| 东港市| 荆州市| 察雅县| 肥西县| 武陟县| 林芝县| 阿荣旗| 新乡县| 惠水县| 清徐县| 常宁市| 和静县|