Wang Wei: Is The Dawn Of China'S Folk Finance Coming?

The plan put forward by Premier Wen has been brewing for a long time.

First of all, yes.

Second, the Wenzhou test is ahead of the whole country.

The State Council has asked Wenzhou to "innovate the system and mechanism, build a diversified financial system that matches the economic and social development, improve the financial services significantly, enhance the ability to prevent and defuse financial risks, optimize the financial environment, and provide experience for national financial reform."

This is a wonderful one.

A small town in Wenzhou, a dying private economy, is likely to try to innovate its system and mechanism, and is expected to provide experience for financial reform in the whole country.

In the history, how did you get such treatment? Knowing the history of finance, we know that China's private finance has been a target for a long time in the past hundred years, not only in the Republic, but also in the Republic of China.

Wenzhou is also the "culprit" in the field of private finance.

Since the reform and opening up in 1980s, a number of institutions and individuals involved in private credit and exchange have been strictly monitored and even sentenced to prison.

The innovation experiment did not start from the obedient and obedient City, but actually started from Wenzhou.

Third, define regulatory responsibilities.

Of the twelve items of the Wenzhou financial reform program, four of them point to supervision.

This shows that the State Council clearly foresees the possible risk factors and preventive measures that may be faced by the reform, and also specifies the regulatory responsibilities.

Among them, the key point is the last item, namely, "clearly defining the boundary of responsibilities of local financial management, strengthening and implementing the responsibility of local governments in dealing with financial risks and maintaining local financial stability".

After 30 years of reform, China's economy is no longer a plate and a model. The competition among the twenty local governments and the game of rights among dozens of ministries make the State Council unable to coordinate and control step by step.

Instead of finding a strategist, it is advisable to pfer fish to the sea and pfer potential risks to local governments. Local policies that suit local conditions are more likely to defuse potential risks.

Fourth, encourage state-owned financial institutions to compete with private finance.

There are five projects involved in the business innovation and expansion of the existing financial institutions for small and micro enterprises.

Financial reform is top-down, and the existing state-owned financial institutions will certainly have to go to the top of the building. First of all, they must be Lu Jin. Since it is a pilot area for comprehensive financial reform, the reform and innovation of state-owned financial institutions should be justified.

Only with such huge policy advantages and historical opportunities, we must not think about national expansion, business innovation, industrial integration, and compete with foreign banks. We must guard against small and micro enterprises, and slaughtering dragon skills must not kill chickens.

State finance has the great meaning of safeguarding the national financial security, safeguarding the financial safety of the whole people, and maintaining the stability of the long-term economic cycle. Under the protection of state-owned finance, the national backbone industries and the cornerstone enterprises are all kinds of policy resources, listing opportunities, reorganization of blood injection, the stripping of bad assets, ministerial level treatment and so on, and the competition with the global financial institutions is still anemic and weak.

Is it possible to make contributions to the small and micro enterprises by going south?