三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Make me your Homepage
left corner left corner
China Daily Website

Road map for financial reform

Updated: 2013-12-11 07:20
By Zhou Xiaochuan ( China Daily)

Editor's note: The author, the governor of the People's Bank of China, outlines financial reforms in his recent article in People's Daily. The following is the first part of an excerpted translation.

In a move to push for improving China's modern market system, the Third Plenary Session of the 18th Central Committee of the Communist Party of China has drawn up a road map for comprehensive and deepened reforms.

As the core of a modern economy, the financial sector is at the heart of China's socialist market system. To do a better job in the financial sector in the future, the country should firmly hold on to the essential principle that the financial sector should serve the real economy, adhere to the reform direction that the market dominates the distribution of financial resources, and stick to a development concept that prioritizes coordination between innovation and oversight.

In line with the plenum's mapped program, we need to comprehensively push for reforms, opening-up and development, and accelerate the establishment of a safe, sound and modern financial market system with a broader range of services, a reasonable structure and greater efficiency.

A more competitive and inclusive financial services sector

Efforts will be made to expand the opening-up of the domestic financial sector, and, under the precondition of strengthened financial supervision, small-and medium-sized banks and other private financial institutions will be allowed to enter the market.

1. To expand financial opening-up.

Efforts will be made to both raise the country's capabilities in the distribution of financial resources, so they cover a wider range and are at a higher level, and boost the quality of its financial services. Efforts will also be made to strengthen the competitiveness of domestic financial departments and promote the cross-border use of the RMB, as well as the establishment of an international financial center to push for China's economic transformation and structural upgrading. Measures will be taken to further expand the opening-up of the financial sector and gradually follow the new opening-up model that entails pre-establishment national treatment and negative lists and the promotion of a high-level opening-up of the domestic financial services sector.

2. To allow for the establishment of financial institutions by private capital under the condition of strengthened oversight.

Based on the principles of equity, openness and transparency, a unified market access system will be adopted to encourage and guide the flow of private capital to financial services. As a service sector with fierce competition, the financial sector should, in accordance with the negative lists market access system and the requirement for services expansion, provide a market environment for equitable competition and the entry of various kinds of investors. To allow qualified private capital to set up small-and medium-sized financial institutions when strengthened oversight is in place will create the supply of necessary and competitive financial products to the real economy, which will help some local regions and small-and micro-sized enterprises ease their fund shortages.

3. A modern financial corporate system.

Measures will be taken to further improve the governance capability of State-owned financial institutions, relax limitations on the entry of private and foreign capital to the financial sector and optimize its equity structure. A more market-oriented hiring mechanism will be adopted to reduce administrative appointments. A benign incentive mechanism for management will be set up to ensure that realizing shareholders' interests is the main goal of senior management. Measures will also be taken to improve the corporate governance of domestic financial institutions, to form an effective decision-making, enforcement and balancing mechanism that can implement corporate governance measures in their daily operations, management and risk control. Meanwhile, standardized and effective incentive and restraint mechanisms, including a salary system, will be established.

4. To develop a financial system beneficial to all.

A financial sector that prioritizes improvements in people's livelihoods should be set up to meet their ever-growing financial needs. The fruits of financial reforms and development will be extended to all regions, poor ones in particular, and to all groups, to promote the sector's sustainable development. The limitations on market access will be moderately relaxed to support the development of small-sized financial institutions. Policy guidance will be strengthened to encourage domestic financial institutions to extend support to the weaker sectors necessary for national economic and social development. Vigorous efforts will be made to develop multiple financing methods, standardize the development of the private lending and borrowing business and expand diversified financing channels for small- and micro-sized enterprises. Innovative financial products and tools will be encouraged to continuously expand the coverage of financial services. Measures will also be taken to strengthen the construction of financial infrastructure and improve the modernization level of financial services. At the same time, the building of a credit system will be pushed forward to further optimize the environment for the provision of financial services to small-and micro-sized enterprises, strengthened protection of consumers' rights and the raising of their financial awareness.

A multi-layer capital market system will be built

Efforts will be made to raise the country's direct financing proportion, push for reforms of the stock issuance registration system, promote multi-channel equity financing, develop and standardize the domestic bond market, as well as improve insurance market and encourage financial innovation.

1.To raise the ratio of direct financing.

Vigorous efforts will be made to push for the transformation of the country's economic development mode and economic structural adjustment, and develop the stock, bond and other capital markets. There will also be vigorous efforts to expand the direct financing channels for enterprises and to optimize the structure of social financing. The market-oriented reform direction will be continued to reduce unnecessary administrative regulations, spark market motivation and its intrinsic vitality, and to cultivate commercial credit. Under the condition of respecting market principles, vigorous efforts will be made to boost various kinds of institutional investors in order to promote the diversification of the domestic financial market, products, investors and intermediaries. The concept of standardized development will be maintained to strengthen market restraint and the risk-sharing mechanism and further boost the transparency of market operations. At the same time, measures will be taken to promote the establishment of a sound framework of laws, financial regulations and oversight, as well as the adoption of sound financial and taxation policies.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 韩国欧美一级毛片 | 国产欧美视频一区二区三区 | 国产色视频在线观看免费 | 精品亚洲视频在线观看 | 日韩不卡免费视频 | 黄视频网址| 1000部拍拍拍18勿入免费凤凰福利 | 国产精品夜色视频一级区 | 亚洲精品视频免费 | 欧美一级特黄aa大片 | 亚洲欧洲毛片 | 免费一级欧美片在线观免看 | 日本淫视频 | 免费网站你懂的 | 在线看片欧美 | 一级黄色毛片 | 国产精品青草久久久久福利99 | 国产亚洲精品高清在线 | 免费黄色看片网站 | 国产美女视频黄a视频免费全过程 | 成年美女黄网站色大免费视频 | 五月天爱爱激情视频在线观看 | 欧美日韩在线视频观看 | 国产aⅴ一区二区 | 91色在线观看国产 | 成人福利热舞hd | 日本高清二区 | 视频一区 欧美 | 综合久久99久久99播放 | 老妇女五级毛片 | 久久中文亚洲国产 | 日韩在线看片 | 免费一级a毛片在线搐放正片 | 欧美亚洲综合在线 | 特级aaaaaaaaa毛片免费视频 | 九九精品免视频国产成人 | 亚洲免费人成在线视频观看 | 在线成人观看 | 青青操国产在线 | 成人做爰全过程免费看网站 | 亚洲一区二区三区四区在线观看 |