Economist Liu Jipeng Said: When The Housing Market Is Squeezed, Stocks Should Be Raised.

At the Dongqian Lake financial intelligence forum held recently, Liu Jipeng, a famous economist, said that judging from the current spread of the international financial crisis, it may not be able to simply draw a conclusion that has passed the crisis, whether from the US, Europe or Japan, it has not come out of the final edge of the crisis.

For China's capital market, expanding the proportion of private capital and changing the way of financing will be an important and correct choice.

"The overheated problem of real estate is everyone's concern, and now we are restraining the overheating of real estate, but the real estate has not come down. The stock market that we actively developed has been suppressed, and the more than 60 industries related to real estate are not expected to be clear and worried."

Liu Jipeng said that when the housing market is squeezed, it is necessary to raise the stock market, which is the key to today's economic restructuring.

On how to improve the stock market, Liu Jipeng believes that we should start with changing the way of market financing.

He said that our government has promulgated 36 pieces of the development of the private economy, which indicates that the opening of the financial sector has started.

"There are too few banks in China, and we have only 100-200 banks plus less than 200 city banks, but we have 333 cities at the regional level. They will develop urban banks in the future, and there are more than 2800 county units in China. They want to develop county banks. If they open banks, this is a great opportunity. Of course, the development of low-carbon economy, the opening of power grids and petroleum economy, and the experience of Britain and Japan can help us learn from this process.

At the same time, the great development of China's capital market is also facing opportunities. One is the combination of industrial capital and financial capital. The second is the establishment of a multi-level system. After we opened the gem last year, we need to open the international board in the second half of the year, so it will be an important and correct choice to pform foreign capital into foreign capital to support domestic demand expansion projects.

Liu Jipeng said that in our 11 trillion and 600 billion investment in boosting the economy last year, our bank investment accounted for about 80%, and the total amount of bonds and stocks was very low, with less than 20%. In our massive investment, if all banks' money, I am afraid that the efficiency of the project is worth paying attention to. Therefore, our next financial financing concept is a key pformation of financing.

So in this case, although we have more money now, our bank's savings last year still increased by 13 trillion. Although the incremental delivery of a large number of banks has reached 9 trillion and 600 billion of the daily amount, our savings and loans still reach 20 trillion, so how to solve the problem of Chinese money is also a great risk.

"We have another problem: our foreign exchange reserves are too high, which is the crisis and trouble behind happiness," he said. "Now we have not disclosed it to our public."

Liu Jipeng said frankly that because our foreign exchange reserves grew to US $2 trillion and 500 billion, our green bills (US dollars) all supported the US economy.

We have nearly 900 billion of US Treasury bonds, and we have 380 billion US two - house bonds, and our biggest problem is that our green tickets are at risk of devaluation in the United States.