首頁最新消息簡介每日靈修電子賀卡信息分享網上資源聯絡我們English
聖經金句

草必枯乾,花必凋殘,惟有我們神的話必永遠立定。
以賽亞書40:8


新版聖經工具
 
近期活動與感恩記事
網上下載-電子書、影音文件
網上勵志動畫下載
輕鬆生活的動畫下載
W4J 功能介紹
W4J收費標準
W4J應用實例
聖經查詢
2006網路事工研討會
音樂詩歌點播
目錄導覽
最新消息
異象、使命、與代禱
教會多媒體技術分享
宣教手記
W4J 發展狀況
短文分享
代禱網
荒漠甘泉
W4J見證實例
W4J電子報
教會機構專欄精選
同工聯絡簿
網上付費
故障申告
聯絡我們
網站維護

設為首頁
加入「我的最愛」
瀏覽流量統計
人數: 7,539,575 
頁數: 32,234,800 
下載: 26,397 
Since May 2004

訂閱電子報

訂閱電子週報
自訂閱名單移除
電郵Email:



  
   

Bookmark and Share   
 
China's financial opening 'not a threat' for local players: analysts
7/11/2018



The further opening of China's financial sector, despite introducing foreign competitors, would help introduce more mature financial products and test the governing ability of Chinese financial regulators in face of a more dynamic environment, industry insiders said at the ongoing China Wealth Forum (CWF).

The comments were in response to recent heated discussion over whether the country's financial industry is opening up too fast and sending in "wolves" that threaten the survival of domestic players.

"The [financial sector's further opening] to foreign investors is a stimulus for domestic financial entities, not a threat at all," Renzo Isler, an Italy-based insurance expert told the Global Times over the weekend on the sidelines of the CWF in Qingdao in East China's Shandong Province.

"It's good because from a competitive point of view, it will make domestic players feel the immense pressure and therefore realize that they need to improve, develop better products and financial tools and bring up their service quality to an international level," Isler noted.

China unveiled a new version of a negative list in June which drastically expanded market access for foreign investors. Under the new rule, foreign investors in securities, securities investment fund management corporations, futures and insurance companies are allowed to hold a maximum of 51 percent of shares in joint ventures (JVs). The cap will be removed in 2021.

Toshiyasu Iiyama, Executive Vice President of Japan's largest securities trader Nomura Securities Co, said that the company has already submitted applications to hold 51 percent of a new JV's shares to China's securities watchdog under the new rule. "We have spotted plenty of opportunities, as there are a number of businesses in the financial industry that have not been completely covered by China's financial entities," Iiyama said at the CWF.

Isler also stressed that the opening-up measures are being carried out at the right time and will not shift the balance between Chinese and foreign financial institutions.

"Currently, local players have grown up and developed knowledge, and they have dominated the market," he said, indicating that Chinese financial institutions are capable of handling the upcoming competition.

So far, joint ventures in China's financial industry only account for around 4 percent of market share, according to Isler.

A test for domestic regulators

While dismissing market concerns, experts also stressed that the acceleration of the financial opening would also test the governing ability of Chinese financial regulators, as they will be expected to monitor in a more dynamic environment and deal with ongoing risks.

Guan Tao, a former senior official at the State Administration of Foreign Exchange (SAFE), suggested at the forum that Chinese authorities should balance the strengthening of supervision after the financial opening-up.

"There should be a mild buffering area so as to avoid the scenario of too much regulation leading to a dead-end, and too little regulation leading to chaos," he said.

On the one hand, the supervision should be flexible rather than imposing strict rules and regulations. For example, the banks' foreign exchange service in China could be conducted based on international rules. And such an efficient and flexible model can replace the current stipulation of SAFE, under which only those who can provide a certificate are eligible for business, according to Guan.

But on the other hand, the government should be able to keep its last line of defense and maintain the ultimate hand, experts said.

Isler also warned that the domestic regulators should enforce further rules on the financial sector's risk management and governance practices, in particular the misuse of funds by domestic financial institutions, so as to "give confidence to foreign investors."

 

Source:People’s Daily/Global Times 


相關訊息

China's financial opening 'not a threat' for local players: analysts 
 

China to set up new courts to solve B&R disputes 
 

57% World Cup ticket buyers from China are women who want to see players up close 
 

回歸之道----魯樞元教授《生態時代與中國古典自然哲學》*序 
 

哲學家呼籲世界觀變革:生態文明是我們共同的機會 
 

《過程哲學與建設性後現代主義》自序 
 

天地心從一書見 ——讀王治河樊美筠《第二次˙X》有感 
 

一場心靈療愈之旅 ——評《探尋你內心隱秘的自我》 
 

我爲什麽要翻譯格堛滫滿m史無前例的生態危機》 ? 
 

第12屆“克萊蒙生態文明國際論壇”在美成功舉行 
 

深圳文博会迎来首座墨西哥馆,中墨贸易交易网战略签署,美国馆亦再次亮相 
 

綠色GDP倡導者小約翰·柯布:浙江麗水已經成爲綠色生態城市的榜樣 
 

踐行“綠水青山就是金山銀山”,柯布生態文明院士工作站落戶浙江麗水蓮都 
 

GeniusPros Technologies to Unveil New Optical Solid-State Laser Radars 
 

光珀攜新品鐳射雷達“黑科技”亮相矽谷 
 

本目錄中最多閱覽的文章

朱易 : 馬鞍峰教會的增長及其深遠影響 (1) 
許多前來參加每年一次牧師研討會的牧師感到(2003年人數達到二十五萬之多),他們正經歷著一場由華理克牧師主導的改革運動,他們好像又回到了激動人心的馬丁路德改教運動的時代,不同的是他們可以與領導今天這場改革的領袖相遇和交談。

華理克牧師認為馬丁路德時代的改革是讓教會清楚教會所相信的是什麼,這也是我們今天還在傳講的資訊和教義,而今天的改革是讓教會清楚教會要做什麼


朱易 : 馬鞍峰教會的增長模式和教會市場法的危機 (1) 
除了“目標導向”的增長公式,許多牧師認為華理克牧師還有增長的秘訣,但華理克牧師認為他的增長策略其實是十分簡單,歸納起來只有三條.

不少學者持懷疑的態度, 他們認為“目標導向”不過是將傳統的基督教原則作了不同的包裝。




《断背山》风头正健,价值观江河日下 (1) 
对基督徒而言,这部影片只不过是一个用艺术包装起来的同性恋合理的说教。但这一次,基督徒却无法用忽略它的存在的方式来反击它,他们必须寻找新的方法来坚守传统的战线。


朱易 : 馬鞍峰教會的增長模式和教會市場法的危機 (2) 
除了“目標導向”的增長公式,許多牧師認為華理克牧師還有增長的秘訣,但華理克牧師認為他的增長策略其實是十分簡單,歸納起來只有三條.

不少學者持懷疑的態度, 他們認為“目標導向”不過是將傳統的基督教原則作了不同的包裝。




朱易 : 馬鞍峰教會的增長及其深遠影響 (2) 
許多前來參加每年一次牧師研討會的牧師感到(2003年人數達到二十五萬之多),他們正經歷著一場由華理克牧師主導的改革運動,他們好像又回到了激動人心的馬丁路德改教運動的時代,不同的是他們可以與領導今天這場改革的領袖相遇和交談。

華理克牧師認為馬丁路德時代的改革是讓教會清楚教會所相信的是什麼,這也是我們今天還在傳講的資訊和教義,而今天的改革是讓教會清楚教會要做什麼


祂的量帶通遍天下,祂的言語傳到地極。(詩 19:4)    Email: info@w4j.org    Powered by Web4Jesus (W4J) Ministry