<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Expert advises prudence in financial innovation

          Updated: 2011-11-30 11:09

          By Gao Changxin (China Daily)

            Comments() Print Mail Large Medium  Small 分享按鈕 0

          SHANGHAI - China should take lessons from the global financial crisis and tread a fine line in developing and globalizing its financial system, Lu Hongjun, president of the Shanghai Institute of International Finance, said on Tuesday.

          In a speech at the Eighth Conference on International Financial Centers, Lu said that while financial innovation is essential for China's economic development, policymakers should be especially prudent in promoting innovations.

          "Any financial risks could have a much bigger impact in China than in other, smaller countries, given the size of its economy and population," Lu said.

          "Though China's financial sector has long lacked innovation, policymakers should keep a sense of conservatism in mind in seeking progress."

          China has been making strides in recent years to globalize its financial system. Most noticeable is the internationalization of the yuan as part of the plan to include the currency in the International Monetary Fund's special drawing right and, over a longer term, become one of the world's reserve currencies.

          The country has promoted the use of the yuan in the settlement of international trade, leading to the rise of Hong Kong as a major offshore yuan center. Meanwhile, pilot programs were launched to make the yuan convertible under the capital account in certain circumstances.

          In 2009, securities regulators also introduced short-selling mechanisms in the nation's stock markets, setting the ground for the birth of the hedge fund industry. Last week, the Shanghai Stock Exchange issued detailed rules on margin trading and increased the number of available stocks from 90 to 285.

          Lu said a lack of conservatism on Wall Street brought on a "global tragedy". Reckless financial innovation and promotion of financial freedom in the United States gave rise to excessive high-leveraged speculation.

          "If the 20th century was a century of financial freedom, then the 21st century will be a century of financial conservatism," said Lu.

          For China, Lu said, policymakers should keep several factors in mind when opening up the country's financial system over the next 30 years.

          Specifically, the country's foreign exchange reserve should be kept at a reasonable size to buffer potential financial turmoil. Meanwhile, the government should set targets on credit growth and make reasonable plans on inflation and economic growth.

          "The advantages of financial conservatism have been shown in China during the Asian financial crisis in 1997 and global financial crisis in 2008," said Lu.

          "Going forward, policymakers should stick to this principle when setting the country's overall financial strategy."

          主站蜘蛛池模板: 蜜桃无码一区二区三区| 亚洲精品成人A在线观看| 樱桃视频影院在线播放| 亚洲av色图一区二区三区| 悠悠人体艺术视频在线播放| 亚洲尤码不卡av麻豆| 精品乱码一区二区三四五区| 国产精品无码av不卡| 日韩在线视频网| 亚洲中文av一区二区三区| 人妻av无码专区久久| 久热中文字幕在线| 国产一区二区三区黄色大片| 亚洲成人av综合一区| 日韩欧美一卡2卡3卡4卡无卡免费2020| 亚洲 欧洲 自拍 另类 校园| 麻豆精品新a v视频中文字幕| 国产一级特黄性生活大片| 国产又色又爽又黄的在线观看| 久久综合激情网| 综合久久婷婷综合久久| 91精品国产免费久久久久久| 免费观看全黄做爰大片| 久久精品国产清自在天天线| 日韩成人一区二区三区在线观看 | 亚洲人成网站观看在线观看| 欧美成人免费看片一区| 久久久精品2019中文字幕之3| 无码日韩av一区二区三区| 国产一区二区日韩在线| 亚洲国产精品无码中文| 无码av中文字幕久久专区| 国产成人综合色就色综合 | 日韩高清不卡免费一区二区| 亚洲欧美自偷自拍视频图片| 日本中文字幕乱码免费| 国产亚洲美女精品久久久| 国产一区二区三区精品片| 亚洲人成网线在线播放VA| 日本一区三区高清视频| 国产国语一级毛片在线视频|