日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
CHINADAILY Editorial

Guarding against risks for a sound financial sector

chinadaily.com.cn | Updated: 2017-07-16 19:09
Share
Share - WeChat

The two-day National Financial Work Conference, which ended in Beijing on Saturday, made containing financial risks one of the country's top priorities.

The meeting, presided over by President Xi Jinping, was held against the backdrop of growing enterprise debt, an overheating real estate market, and overcapacity in such sectors as low-end manufacturing.

The debt of non-financial enterprises in China reached 170 percent of its GDP in 2016, according to the Organization for Economic Cooperation and Development.

In its 2017 China Financial Stability Report released early this month, China's central bank, People's Bank of China, also pointed to “the risk of bubbles” emerging in some parts of the country. The report notes that housing loans comprised a quarter of all loans, and accounted for 44.8 percent of all new lending since the start of this year.

All this, as well as the risks in interbank and off-balance sheet business, prompted the central bank to emphasize the need for strengthened financial regulatory capability and better regulatory coordination in its report.

Only through guarding against financial risks can a sound and stable financial sector better fulfill its duty and purpose of serving the real economy.

The lack of cooperation among the China Securities Regulatory Commission, the China Banking Regulatory Commission and the China Insurance Regulatory Commission was to blame for some of the problems and potential risks in the financial sector and many believe it has also encouraged regulatory arbitrage and fueled the growth of risky financial products.

Thus a committee is to be set up under the State Council aimed at markedly improving coordination among the three agencies and promoting greater sharing of information and plugging gaps in their oversight.

Despite some ringing the alarm bells, the risks in China's financial sector are controllable. Bad bank loans remain at a low level, liquidity in the market is stable, and sound economic growth in the first half of the year means the central bank does not need to continue to expand credit to spur growth, thus providing more leeway for financial reform measures.

And the government will continue to deleverage the economy by implementing a firm and prudent monetary policy, reduce the leverage of State-owned enterprises and local government debt, and crack down on financial irregularities.

As Xi said at the meeting, the government must take the initiative to monitor, warn against and deal with risks in a timely manner. The new committee will help do these.

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲免费视频网站 | 一级片亚洲 | 亚洲精品国精品久久99热 | 婷婷亚洲综合五月天小说 | 亚洲成av人片在线观看 | 天天操夜夜操天天操 | 日本黄色福利视频 | 日韩国产在线 | 日韩大片在线 | 国产精品手机在线观看 | 亚洲精品无码成人A片色欲 亚洲欧美日韩激情在线观看 | 热久久这里只有精品 | 亚洲高清中文字幕综合网 | 国产精品人妻无码免费久久一 | 成人二区| 国产精品一区二区三区99 | 久久爱伊人 | 久久久久久亚洲 | 国产色视频一区 | 激情网站免费观看 | 精品一区二区三区网站 | www.sewang| 欧美黑人乱大交 | 狙击兵2通古电影高清 | 亚洲欧美日韩另类精品一区二区三区 | 亚洲国产二区 | 亚洲电影在线观看 | 精品性久久 | 成人午夜爽爽爽免费视频 | 特级做a爰片毛片免费看一区 | 伊人久操| 青娱乐在线免费 | 天天插一插 | 精品久久网 | 日韩欧美精品一区 | 明明电影高清在线观看 | 美女色黄网站 | 国产中文一区 | 国产性色视频在线高清 | 日韩大片在线 | 永久精品 |