China Financial Risk Management Summit Forum 2017
2017-11-25 IMI
Dr. Guan Qingyou delivered a speech on Adapting to the new era of strengthening financial regulation, and made analysis and judgments on three topics regarding policy tone and regulation measures respectively: strengthening regulation, impact of asset volatility, and impossibility of debt crisis or financial crisis in China. From the aspects of monetary policy, fiscal policy and real estate financing, he proposed the importance of a long-term regulation strengthening on the policy tone and regulation measures in order to adapt to the new era of strengthening financial regulation. He also analyzed the characteristics of China’s financial system and risk management, further emphasizing on the sufficient awareness and adequate disposal capacity and methods of short-term risk.
Prof. Chen Zhongyang pointed out that China was entering a new era of financial risk management. He gave his opinion about some basic issues such as how to deal with the relationship between development and risk management，and made a deep analysis of the bottom line, overall features, functional orientation, and challenges in this new era. Aiming at getting rid of the conventional management dilemma of “Once managed, problem arises; Once loosened, disorder increases”, he innovatively put forth the Ten Thoughts of financial security and risk management, and underlined the pivotal role of Party leadership in the financial risk management.
Qu Qiang, assistant director of IMI, thought it important to watch out for local debts in a short-term while long-term concern could be unnecessary. He combed through the causes of local debts and indicated three soft constraints to local debts: risk, budget and politics. Moreover, he analyzed the merits and demerits of local debts and proposed suggestions of resolution of local debts accordingly.
