Have to accelerate the financial reform

Must increase the intensity of financial reform, to speed up the pace of financial reform, make Banks truly become the main body of market economy, the financial and economic relationship is no longer upside down and distorted.

First of all, to speed up the pace of market-oriented interest rate reform. Second, to ease financial industry barriers to entry. Third, we should develop more investments and investment areas. Fourth, to intensify financial supervision system reform.

Arguably, bank profits should establish on the development of the real economy, based on the real economy running conditions improve and enhance. If the entity economy development not ideal, bank profits will decline.

Bank this completely out of the economic law of development, from China's economic development actual, from social psychology to bear ability, the fundamental goal of profiteering from financial industry development, mainly originates from monopoly. In bank profits, the real economy, especially small and medium-sized enterprise financing difficult contradictions become more prominent. So that the majority of small and medium-sized enterprises (smes) have to from the "underground financial" looking for "money", strives for the survival from the loan shark, lead to small and medium-sized entity enterprise run harder, employee income more difficult to growth.

First of all, to speed up the pace of market-oriented interest rate reform. Interest rates, now is a benchmark deposit rates and loan interest rate marketization. How to solve, it is to speed up the pace of market-oriented interest rate reform, interest rates, loan interest rate to let go, interest rates on deposits also want to let go, deposit and loan interest rates have to follow the market. In monetary easing, loan interest rates down, interest rates on deposits can also be decreased; In the credit-tightening, loan interest rates to rise, the deposit rate will rise.

Second, to ease financial industry barriers to entry. Bank to windfall profits, and not subject to any restriction, and monopoly are inseparable. As long as there is a monopoly, profiteering becomes inevitable. How to break the monopoly, and the only way is to ease financial industry barriers to entry, make more social capital into the financial sector, engaged in financial services. If there is a large number of small and medium-sized Banks, and form a benign competition mechanism for enterprises and residents services, Banks' profits will no longer exists, China's financial sector will also enter the new spring.

Third, we should develop more investments and investment areas. Financial institutions to abandon the interests of depositors, and constantly increase the charging projects, with too little investment products and investment field in our country. Because, both businesses and residents, want to make money in the hand of the value-added, investment market, the risk is too big, to invest in real estate, are regulated, the only place to go, is the bank. Investment to develop new products and investments, and solve the important aspects of bank profits can not be ignored. As some public areas, major infrastructure projects, etc., can also open to the public and the private capital investment, is worthy of study.

Fourth, to intensify financial supervision system reform. Although bank regulatory agency, is a major breakthrough in the financial regulatory reform. How to strengthen financial regulation system reform, the establishment of internal supervision and external supervision and with the combination of regulatory system, is the need to carefully study and solve.

Must increase the intensity of financial reform, to speed up the pace of financial reform, make Banks truly become the main body of market economy, the financial and economic relationship can be harmonious.