China's banking crisis after the age of financial innovation and think

On June 10, 2011, since the 2011 FT sponsored by the financial times Qingdao international financial peak BBS held in Qingdao, meeting with "start, transformation, high quality growth" as the theme. I was invited to BBS and participate in financial innovation link discussion. About financial innovation, I mainly expounds the following three views, just add, entitled "China's banking crisis after age financial innovation and think"! The first point, this time after the financial crisis,NFL Jerseys there was a time some analysts put the crisis blamed on excessive financial innovation, I think this is exaggerated. Financial innovation in this financial crisis most plays a important role. And cannot simply said that financial innovation excessive, from the real economy virtual economy self innovation will only have excessive problem, really around the innovation of the entity economy service, I think the problem of excessive does not exist. Also, China's overall financial innovation is insufficient. So for financial innovation problems, we should not because this crisis, not like the past so pay attention to it, to the financial innovation sense or wants to take seriously. No financial innovation is no financial development. We speak financial change life, financial can clinging to power, can XingBang, in fact also depends on financial innovation. Second, China banking speaking, it faces many challenges and opportunities, to deal with these challenges, or take a period in the future in the face of some opportunities, but also to the innovation. One is the international peer competition. In the past some Europe and the bank is in many ways ahead of us, although the financial crisis that Europe and the United States some international leading Banks is large impact, but the Chinese Banks are not a big impact, but cannot think of our bank will lead the others. In fact, in many ways, for example subdivision customers, innovation products and so on, including the channel of the innovation and so on, we still has the disparity. Once the crisis after the past, the international colleague the pressure of the competition will be more and more big. 2 it is the competition between domestic counterparts, can say more and more fierce, there is even some excessive competition, improper competition, the problem of vicious competition. It has been a major competition homogeneity of our problems, and how to jump out of the trap homogeneity, only innovation. Three is the marketization of interest rate and the corresponding series of risk need corresponding innovation to deal with. Four is the development of capital market, financial to take off the media trend, also need to innovation. Five is after this financial crisis, international financial regulatory constantly strengthened, and then follow up domestic, will also force banking financial institutions more innovation. Finally, is just the discussion of RMB internationalization and our enterprises to go out to have a series of financial innovation follow up. RMB internationalization need more financial tools and financial market supporting innovation. The above aspects, challenge or opportunities or require our banking with financial innovation to deal with. Third, the current and next time, there are several areas to be strengthened innovation. Is a breakthrough tradition, extensive business innovation. We used to bank on company business, and the company business is more extensive. In the past, we basically can't say retail business, retail business in China banking is almost 90 s just a concept. So the retail business, especially the financial management and intensification of company business, the need for innovation development. Two is to get rid of traditional simple deposit or loan product innovation. For example trade financing, factoring, for example, we now many Banks do supply chain finance, and so on, and financial leasing. Of course these international is mature products,MLB hats to us or innovation. Three is associated with high-tech channels of innovation, for example phone bank, ATM machine, the bank on the net, mobile phone bank, and so on, the innovation also promising, still need we to go further. Four is small and medium enterprise financing needs on innovation. We speak of the small and medium-sized enterprise financing in high risk, high cost and low profits, and so on, so how to control the cost through innovation, to control risk, there also bright prospects. Five revolve around the high-tech enterprises, said the new industry of around us, to serve the needs of the new industry, service of high and new technology enterprise needs, also need a lot of innovation. It's cycle is long, the governance structure also has its characteristics, how the particularity of innovation around worth exploring. Six is the innovation of the economy around green, green finance. Especially now hot carbon trading, financial innovation around carbon trading, its development is also very soon. There is a saying, pounds with coal hook, the dollar link with oil, some international monetary probably with future carbon trading on contact. This aspect is the urgent need to innovation. Seven is I said, follow up our enterprise, the money to go out and need a series of innovation, this is all we desperately need to do.

see more:The foundation of the debt markets in disappear
A second phase of A bull market in July next year end before