日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / View

Financial reform is only way forward

By Xu Gao (China Daily) Updated: 2015-08-11 11:02

Financial reform is only way forward

Investors at a brokerage in Fuyang, Anhui province. Between mid June and early July, the Shanghai Composite Index tumbled nearly 30 percent from its peak, prompting the government to take a series of rescue measures to stem the slide. [Photo/China Daily] 

Fluctuations expose risks during crisis, and the price paid for rescuing the market is impossible to ignore

For investors, the stock market turmoil has been a terrifying experience. But when you look at the broader picture, the crisis has offered a unique learning opportunity for the financial regulator and the industry as a whole.

From mid June to early July, the Shanghai Composite Index tumbled nearly 30 percent from its highest point, wiping off nearly $3 trillion in the value of shares. Government initiatives have since stemmed the slide, but the market is still prone to violent swings.

The market fluctuations have hit China's financial system while the price paid for rescuing the market is impossible to ignore. Already there are doubts being expressed about the pace of financial reforms. Those doubts need to be dispelled.

It is crucial that they continue as China looks for new engines to drive its economic growth. Emerging industries, the service sector and private businesses are playing an increasingly important role in this process.

They demand financial services that can no longer be provided by the old system, dominated by big banks. Reform, therefore, is necessary during China's economic transition.

As the country pushes its Belt and Road Initiative to revive the ancient Silk Road, China will inevitably become more integrated into the global economy.

The yuan will play a greater role on the currency markets, while the newly formed Asian Infrastructure Investment Bank will continue to raise China's financial profile. Coupled with this, international capital and institutions are expected to play a bigger part in the Chinese markets.

Yet all this is only possible through financial reform. In fact, it is only by going down this road that China will be able to further open up and increase its global influence.

So far, this policy has proved extremely successful. The rapid development of wealth management products has enabled depositors to earn higher investment returns.

The launch of online share transfer platforms for unlisted startups has increased the funding options for small businesses that were excluded from capital markets.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美成人精品激情在线观看 | 国产成人在线网址 | 精品1区2区3区 | 日韩中字在线 | 99亚洲国产精品 | 欧美日韩a级 | 国产伦精品一区二区三区千人斩 | 国产又大又黄的视频 | 狠狠干超碰 | 手机在线观看毛片 | 免费国产一区 | 四虎tv| 成人亚洲天堂 | 天天干天天弄 | 亚洲一久久 | 亚洲免费激情视频 | 麻豆国产在线播放 | 久久午夜夜伦鲁鲁片 | 国产av毛片 | 香蕉国产在线观看 | 91亚洲精品在线 | 久久av色 | 欧美大逼 | 日韩精品久久久久久 | 日本午夜在线 | 国产精品美女一区二区三区 | 亚洲国产精品区 | 亚洲九九热 | 99视频在线观看免费 | 六月婷婷在线 | 五月婷婷国产 | 成人午夜视频在线观看 | 亚洲男人av | 久久免费看片 | 日韩黄色免费 | 福利在线免费观看 | av最新天 | 久久久99国产精品免费 | 中文成人在线 | 欧美精品大片 | 日韩精品一区二区在线 |