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Finance Can Not Borrow Money In The Name Of Real Economy But Circulates Internally.

2014/6/7 8:50:00 38

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Finance Real Economy Internal Circulation

The press office of the State Council held a press conference this morning. Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, Mr. Yang Liping, director of banking supervision of the China Banking Regulatory Commission, Yang Liping, director of the banking supervision department and Jiang Liming, director of the supervision department of the cooperative financial institution Jiang Liming, introduced the financial support for the initiatives and effects of the real economy, and answered reporters' questions. 
 reporter: Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, first expounded the relationship between finance and real economy. He said that finance and the real economy are in itself a symbiotic, interdependent and co-operative relationship. The real economy itself is the financial parents. Under the condition that finance has become the core of modern economy and the important mechanism and channel of social resource allocation, the real economy also depends on better financial services. If financial services are better and functions more optimized, they will give more support to the development of the real economy. Similarly, if there is a financial problem, the financial crisis will also cause a significant impact on the real economy. This crisis also tells the truth. Therefore, finance must return to the essence of serving the real economy. Finance can not engage in self innovation, can not engage in self circulation, and can not expand itself, otherwise, it will lead to financial bubbles and financial crisis. How did you feel about the relationship between finance and real economy in such a large conference? 
 Gui Haoming: this reflects two points. First, the development of our real economy in the past few years is really fast, but in turn, it has also shaped the cause of finance. We find a common phenomenon, although the real economy is increasingly yearning for financial support, but in turn, the intensity of financial support seems to be less and less than before, and a large amount of money has been put into it, but there is not much real entry into the real economy. Under such circumstances, the problem of the real economy is that some difficulties are encountered in its own development process, but the effective support from finance is inadequate or insufficient. Therefore, it is necessary to adjust for this purpose, that is, some measures can be taken to make finance more supportive entities. Now there is a very bad phenomenon. The profits of financial companies are very high, but many profits do not really come from supporting the development of the real economy, but rather from some financial sectors, such as non-standard businesses or off balance sheet businesses. This led to the unprovoked increase of profits and the development of the real economy. Banks earn a lot, but they contribute little to the real economy. 
Reporter: we noticed in particular that Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, said at a news conference held by the State Council of new China, "finance can not engage in self innovation, self circulation and self inflating". P, strong How to interpret? .
 > a href= "http://www.91se91.com/news/index_c.asp" > GUI Hao Ming < /a >: self innovation and self expansion has its specific meaning, that is, innovation is expanding through the internal banking system. So this system innovation, that is, between the two banks, I put the deposit in you, you put the deposit to me, the result does not create entity income. Of course, this kind of interbank business plays a role in regulating the surplus and deficiency within a certain range, and has its positive value. But if financial companies pay more attention to this aspect, and even make many levers, that is the so-called innovation, the result will be bigger, but in turn, the real assets that support the real economy will not be much, which will not play a proper role in the real economy. Therefore, such self expansion, self development and self innovation should not be the object of encouragement, promotion and development. 
Reporter P: Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, said in response to how the CBRC will better support and resolve excess capacity and economic structural adjustment, while supporting the real economy, we must guard against risks at the same time, strong. How to balance and coordinate the support of the real economy and maintain financial security is a challenge for the regulatory authorities. He pointed out that coping with financial risks needs to optimize the structure, make good use of increments and speed up capital turnover. How to understand this paragraph? 
 Gui Haoming: actually, the amount of money invested in China, that is, M2, is large enough. Simple delivery does not solve the problem. If the money does not really invest in the real economy, it will have a negative impact in the future. Therefore, first of all, we need to make good use of the stock. Now there are more than 10 trillion M2, and there is no shortage of support for economic development. Second, on the basis of good stock, we should also make good use of increments. It is necessary to make some increments to be good, and to create a better benefit with limited investment, especially to put the money into the real economy. The key is to make an adjustment in adjusting the industrial structure. Should we avoid capital investment or circulate in the body, or in the financial sector, we can't get into the real economy in a variety of derivatives. 
The most important thing that China needs to develop now is the real economy. The real economy needs the support of < a href= "http://www.91se91.com/news/index_c.asp" > Finance < /a >, but finance can not take a lot of money in the name of supporting the real economy, and the money has not been invested in the real economy. "P" Since last year, the state has expected to control the scale of money on the one hand, and on the other hand, it has also pushed the financial sector to inject funds into the real economy. As one of the leading departments of the financial industry, the CBRC is taking various effective measures to promote the development of the real economy, so that finance can play a role in this aspect. 
 reporter: at the press conference, > a href= "http://www.91se91.com/news/index_c.asp" > strong > Wang Zhaoxing /a > strong > the vice chairman explained the adjustment of deposit loan ratio management method. He said that the structure of loan to deposit ratio should also be adjusted with the times, but its basic function has not changed. On the one hand, the loan to deposit ratio restraining the blind expansion of credit. On the other hand, it keeps the liquidity of commercial banks to match the duration of loans and deposits and to maintain the ability to pay. Deposit loan ratio management plays an important role. How to adjust with the times to listen to your views. .
 Gui Haoming: the ratio of deposit to loan has always been a controversial matter. Deposit and loan ratio is deposits and loans in fact, we now stipulate that 75%, that is, commercial banks absorb 100 yuan each deposit can only borrow 75 yuan, 100 yuan and 25 yuan are not loans, this is the loan to deposit ratio. At that time, the purpose of deposit loan ratio was to restrict the excessive lending of commercial banks, and at the same time to reduce its capital leverage and avoid risks. But now things are changing. Before, commercial banks kept a steady stream of deposits, and people had no other investment channels. Now the situation is likely to change and there are more investment channels.