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
Opinion
Home / Opinion / Editorials

Guarding against risks for a sound financial sector

China Daily | Updated: 2017-07-17 07:22
Share
Share - WeChat

President Xi Jinping speaks at the National Financial Work Conference in Beijing July 15, 2017. [Photo/Xinhua]


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.

And in its 2017 China Financial Stability Report released early this month, China's central bank, People's Bank of China, 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.

 

Most Viewed in 24 Hours
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: 奇米影视第四色在线 | 欧美国产中文字幕 | 干天天 | 久草在线中文888 | 国产三级在线精品男人的天堂 | 国产真实乱子伦清晰对白 | 精品日本一区二区 | 麻豆精品国产自产在线 | 26uuu.mobi| 91p在线观看 | 欧美乱妇在线观看 | 精品72久久久久久久中文字幕 | 99视频精品 | 午夜 在线播放 | 亚洲 综合 欧美 动漫 丝袜图 | 免费精品一区二区三区在线观看 | 成人精品在线 | 欧洲a老妇女黄大片 | 久久精品欧美一区 | 国产视频一 | 欧美第一页草草影院 | 亚洲精品乱码久久久久久 | 中国一级黄色片 | 精品久久久久久国产 | 欧美极品在线观看 | 国产精品久久国产精品久久 | 国内成人自拍视频 | 毛片免费在线观看 | 日韩中文字幕在线视频 | 1级毛片 | 一区二区三区在线播放 | 成人国产一区二区三区 | 福利影院在线看 | 初女破苞国语在线观看免费 | 成人在线免费视频播放 | 毛片无码免费无码播放 | 亚洲精品成人a | 性大毛片视频 | 天堂资源在线中文 | 99亚洲| 久久久国产99久久国产首页 |