首頁最新消息行事曆攝影畫廊讀經日引討論區尋找聖安台福教會
聖經金句

我躺下睡覺,我醒著,耶和華都保佑我。雖有成萬的百姓來周圍攻擊我,我也不怕。

詩篇3:5-6


English Ministry

聚會時間表
聖經查詢
會堂出租分享
奉獻匯款帳戶
主日信息
每日靈修連線
聖安週報
活動行事曆
異象、使命與代禱
小家生活
最新消息
主日學
我們的信仰告白
教會機構專欄精選
網上下載
同工聯絡簿
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: 4,174,419 
頁數: 5,653,081 
下載: 4,483 
Since 9/2008



  
   

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

鯊魚也吃草 首種雜食性鯊魚獲確認 
 

科學家成功破譯金雕基因組 
 

Giant panda cub meets public in Guangzhou(2) 
 

Giant panda cub meets public in Guangzhou(1) 
 

Largest goldware exhibition held in Chengdu (2) 
 

Largest goldware exhibition held in Chengdu (1) 
 

Chinese military using domestic software to prevent espionage 
 

Xi promotes progress in western hinterland 
 

China Lights: Panda-Mania returns to U.S. Wisconsin 
 

Baby giant panda “Long Zai” makes public debut in Guangzhou 
 

Western China International Fair Opens in Chengdu 
 

電腦故障導致多個加州車管部辦公室癱瘓 
 

牛奶或水將成為加州兒童餐中的默認飲料 
 

OCT activities to be staged in Yunnan scenic areas 
 

Rice enters harvest season in SW China's Yunnan 
 

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


第二次宗教改革的呼聲 
新興教會的運動是教會的第二次宗教改革, 它將徹底改寫教會歷史, 並開創全新的教會時代.

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: 他的正面思維影響了全世界 (1) 
但是斯凱勒在教會界配受尊重,除了他在教堂的建造上獨樹一幟外,他的人品和神學上也頗為出色。他是少數幾個沒有醜聞的電視布道家之一,而讓他成為非主流教會和許多基督徒仿效的對象的原因是,他的講道著重正面信息,用正面思維看問題。


225 E. Live Oak Ave, Arcadia,CA 91006 (626)445-8015    Email: pchen333@yahoo.com    Powered by Web4Jesus (W4J) Ministry