BEIJING, Aug. 3 -- Risk control and serving the real economy will be the major tasks of China's financial sector in H2.
Guarding against systemic financial risk is vital to the health of the economy and so the government will do more to monitor, predict and deal with risk in a more timely manner. Serving the real economy is the soul purpose of the financial sector and the most basic protection against financial risk.
While the central bank and financial regulators have identified major problems, including pseudo-banking and illegal fund-raising, China's financial risk is felt to be generally under control.
At the end of June, commercial banks' average capital adequacy ratio stood at 13.2 percent. Liquidity coverage ratio was 124.4 percent, and the provision coverage ratio of commercial bank was 172.3 percent.
Financial risks mainly come from poor coordination between various regulators, according to Li Yang, director of National Institution for Finance and Development. To deal with this, a new cabinet committee has been given responsibility for coordinating financial development and regulation.
The committee will ensure coherence between monetary, fiscal and industrial policies, targeting weak links in supervision. Specifically, the committee will improve risk monitoring and early-warning mechanisms, coordinate risk prevention and deal with structural and systemic issues.
Problems emerging from reform of the financial sector should be solved by the committee, said Dong Dengxin of Wuhan University of Science and Technology.
Recent plans require great improvements in efficiency and quality of regulation, with more resources diverted into weak areas. Direct financing will be prioritized while indirect financing will be improved through the transformation of major state-owned banks and by making better use of smaller banks and private financial institutions.
More money was channeled into the real economy in H1. New private investment increased by 1.4 trillion yuan (about 200 billion yuan) from the same period a year ago to 11.2 trillion yuan.
Banks issued 7.97 trillion yuan of new yuan-denominated loans, 436 billion yuan more than the same period last year.
Internationalization of the yuan and increasing convertibility of the capital account should proceed at a steady pace. To that end, last month, overseas investors gained increased access to the Chinese mainland's 10 trillion U.S. dollar bond market. The bond connect platform with Hong Kong allows qualified overseas investors to trade bonds on the mainland interbank bond market, including treasury bonds, local government bonds, policy bank bonds and commercial bank bonds.
雅思阅读实战训练模拟试题(十一)
如何快速提高雅思阅读成绩
雅思阅读模拟试题(三)(附答案)
王楠楠:雅思阅读中独立主格的构成类型和语法功
克服雅思阅读的时间障碍:掌握答题技巧
雅思考生阅读考试主要问题解析
轻松拿下雅思阅读七分:系统制定学习计划
名师解读雅思阅读加分法宝:快速阅读
雅思阅读模拟试题(十一)(附答案)
雅思阅读重在把握文章脉络
雅思阅读:“ 一览众山小”
雅思阅读应注意同义词的积累
雅思阅读实战训练模拟试题(十六)
雅思阅读:专家指点备考的考试
雅思阅读考试的五大题型概述
雅思阅读如何应对乱序与同义转换
雅思阅读实战训练模拟试题(三)
雅思阅读实战训练模拟试题(十五)
雅思阅读考试基本信息介绍
雅思阅读模拟试题(五)(附答案)
解决雅思阅读的两大杀招
雅思阅读:做题顺序有讲究
一季度雅思阅读出题分析
破解雅思阅读八大题型的审题障碍
轻松拿下雅思阅读七分的绝招
雅思考试逻辑关系词的阅读功能
雅思阅读实战训练模拟试题(十二)
雅思阅读模拟试题(二)(附答案)
掌握正确的雅思阅读方法才是关键
雅思阅读难句讲解:插入结构(上)
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |