Volume 6, Issue 5, October 2018, Page: 235-245
Market Change and Policy Perfection in China
Zou Lixing, China Association for Social and Economic System Analysis Research, Beijing, P. R. China; Research Institute, China Development Bank, Beijing, P. R. China; China Center for Modernization Institute of Chinese Academy of Science, Beijing, P. R. China
Received: Jul. 3, 2018;       Accepted: Oct. 26, 2018;       Published: Nov. 19, 2018
DOI: 10.11648/j.ijefm.20180605.15      View  47      Downloads  25
Abstract
This study adopt balanced way of thinking to analyze the changes in market conditions in the new era, particularly the changes in Chinese monetary conditions, financial conditions and credit condition as well as the perfection of policies. In response to the new circumstances and changes in market credit conditions, it is necessary to, from the ideological perspective, gain new understanding of the financial market to reflect our determined ideology, from the strategic perspective, to define and refine the tasks and objectives of financial system reform to reflect our strategic planning, and from the perspective of policy and technical methodology, to improve and diversify operating kits to take the initiative and enhance risk control ability. Some measurements improving and enriching policy and technical tool kits should be addressed in current economic works and in mid- and long development. China may have to define the tasks and goals of deepened financial structure reform, establish and perfect long-effective management mechanism, and create multi-dimensional and diverse financial ecology. To prevent asset bubbles, money supply control alone is not enough. It’s advised to regulate the stock and incremental capital through securitization, such as promoting stock asset-backed securitization to further revitalize the stock of assets of financial institutions in short team, and perfect the modern credit system in long team.
Keywords
Market Condition, Financial Reform, Credit Economy, Long-Term Cycle
To cite this article
Zou Lixing, Market Change and Policy Perfection in China, International Journal of Economics, Finance and Management Sciences. Vol. 6, No. 5, 2018, pp. 235-245. doi: 10.11648/j.ijefm.20180605.15
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Reference
[1]
William N. Goetzmann, K. Geert Rouwenhorst, The Origins of Value, translated by Wang yu, Wang Wongyu, China North Press, August 2010, p.4.
[2]
Lixing Zou, China’s Logic: the Balance Development, World Scientific, 2017, edition 1, pp.111-255.
[3]
Chuanqi HE, Editor-in-Chief, China Modernization Report------Research on Industry Structure Modernization, Peking University Press, July 2018, pp.140-219.
[4]
Karl Marx, Capital, vol. 1, Part 2, the People’s Publishing House, edition 1, June 1976, pp. 782-783.
[5]
[US] Robert J. Shiller, the New Financial Order: Risk in the 21st Century, CITIS Press, Jan. 2014, p. 237.
[6]
[US] R. Glenn Hubbard, Anthony P O'Brien, Money, Banking and the Financial System, translated by Liu Qi, Lan Botao, Wang Yin, edition 2, Tsinghua University Press, December 2014, p. 4.
[7]
Zou Lixing, Financial Empire: American Development and Enlightenment, Hunan University Press, May 2009, edition 1, p. 129.
[8]
ZHANG Yao-long, LIU Dong: “On Rise and Cause of Sharing Economy”, Journal of Dongbei University of Finance and Economics (Bi-Monthly), Number 2, 2018, General Serial No. 116.
[9]
CHEN Liang: “A Review and Prospect for China’s Balance Sheet Account”, Journal of Dongbei University of Finance and Economics (Bi-Monthly), Number 2, 2018, General Serial No. 116.
[10]
Zou Lixing, China’s Rise: Development-Oriented Finance and Sustainable Development, World Scientific, 2015, edition 1, pp.70-75.
[11]
[US] Martinelli A., Chuanqi HE:World Modernization Report: Paper Collection from the First World Modernization Forum, Scientific Press in China, October 2014, edition 1, p.20.
[12]
Zou Lixing, Financial Empire: American Development and Enlightenment, Hunan University Press, May 2009, edition 1, pp. 219-220.
[13]
Chen Zhiwu, Logic of Finance, China International Culture Press Limited, edition 1, June 2009, p. 21.
[14]
XU Zhan-dong, WANG Xue-biao: “An Analysis on External Impacts, Money Multiplier Stability and Monetary Policy Roles”, Journal of Dongbei University of Finance and Economics (Bi-Monthly), Number 3, 2017, General Serial No. 111.
[15]
Data source: Speech by Yi Gang, governor of the People's Bank of China, at the 10th Lujiazui Forum on June 14, 2018.
[16]
MA Lin,ZHOU Ji-yan: “Research on the Influence Factors of Information Disclosure Quality Based on Industry Difference: A Case Study on Listed Companies in Shenzhen during 2010-2013”, Journal of Dongbei University of Finance and Economics (Bi-Monthly), Number 3, 2017, General Serial No. 111.
[17]
Zou Lixing, China’s Rise: Development-Oriented Finance and Sustainable Development, World Scientific, 2015, edition 1, pp.105-199.
[18]
Zou Lixing, China’s Base: County-Level Economy and Society, World Scientific, 2015, edition 1, pp.28-33.
[19]
Xi Jingping, Xi Jingping’s theory about Administering the State and the Government, China Foreign Languages Press, November 2017, p.83.
[20]
Source: China Daily. com .cn/ business, Wednesday, October 17, 2018.
[21]
Liu Yuanchun, “Restructuring China’s Monetary Policy”, Journal of Finance, vol. 10, 2015.
[22]
[US] Stephen G. Cecchetti, Money Banking and Financial Markets, Beijing University Press, January 2006, p.203.
[23]
Data source: Speech by Liu Ho, Vice Premier of the State Council of China, spoke with reporters from three central media in the morning of Friday, October 19, 2018.
[24]
George Soros, THE LECTURES: At the Central European University, China CITIC Press, July 2013, pp108-109.
[25]
Zou Lixing, “Research Rural Revitalization Strategy in China”, Journal of Scientific Decision Making, vol.10, 19-34, 2017.
[26]
Yu Jingyuan, “Development and Application of System Science and System Engineering”, Journal of Scientific Decision Making, vol.12, 1-18, 2017.
Browse journals by subject