Under regulatory upgrades, regulatory reform is also an inevitable topic.In October 2015, xi jinping, the general secretary is much starker choices-and graver consequences-in planning advice to the explanation of the fifth plenary session of the 18 pointed out that the recent frequent revealed local risk, especially the recent market volatility that exist in the current regulatory framework does not adapt to the development of China's financial industry institutional incongruities, again also reminds us that we must pass reforms to ensure financial security, prevent systemic risk effectively.
Li jiange, co-head of the national institute of financial research at tsinghua university, said it raised questions about the reform of the financial regulatory system.As far as I know, there has been a lot of research done by the authorities this year, and many internal meetings have been held.He argues that the creation of a super-regulator to co-ordinate Banks, securities, insurance and even monetary policy cannot solve some of the problems that are now missing from regulators.Really want to solve this problem, the first is to continue to promote greatly reduce the decentralization, the tube of the market to the market, the examination and approval in advance to regulation, this will avoid the occurrence of rent-seeking space.Another is who makes the decisions to ask who is responsible, and the regulators should be accountable afterwards, not too much beforehand.
Wu xiao-ling, deputy director of the finance and economics committee of the National People's Congress (NPC), has mentioned on several occasions that he should unify the understanding of the nature of financial products, overcome the supervision of the site consciousness, and truly implement functional supervision.
Li dongrong, President of the Internet finance association of China, said that the regulation of wealth management industry should be improved to clarify the rules of supervision of cross-border and cross-boundary wealth management products.According to the functional attribute, the business essence unified the regulation standard, reduces the supervision vacuum, from the strict supervision;Establish wealth management data statistics and risk monitoring system, dynamically monitor and analyze the risk and regional and systemic risk of cross-market, and formulate risk management plan.
Nie qingping, chairman of China securities finance corporation, believes that in order to avoid systemic risk, wealth management institutions should adhere to the concept of value investment.In addition, it is one of the biggest lessons to be learned from the abnormal volatility of the stock market to prevent leverage risk from a cross-market perspective.He also suggested the establishment of a full market, full - caliber wealth management, financial innovation product statistical monitoring system.
Financial development research institute of nankai university professor Tian Lihui says, is still on the implementation of the second half of the year, the core is to supervise, must strictly implement the existing laws and regulations, more pay, maintain the stability of the correct market rules, in no hurry to launch new rules.
Financial experts predict that under the rule of law and marketization, strict supervision and comprehensive supervision will become normal, and the corresponding mechanism and institutional reform will be deepened gradually.
Url:http://finance.sina.com.cn/roll/2016-07-12/doc-ifxtwitr1999949.shtml
