Sino-Singapore Jingwei Client October 30th. On the 30th, the "New Vision, New Economy and New Journey-The First Summit of China Bond Capital Market Forty Forum" co-sponsored by Sino-Singapore Jingwei and China Bond Capital Market Forty Forum "Held in Beijing.
Liu Zhongli, the former Minister of the Ministry of Finance, said that not every innovation will be successful. It is necessary to bear the risk of failure, and the continuous investment of funds is blind.
Former Minister of Finance Liu Zhongli
Liu Zhongli pointed out that the central government has proposed a major change in the mode of growth, from high-speed development to high-quality development. This is a major change in the mode of production.
"The most important thing for an enterprise now is the effective allocation of resources. This is related to the high-quality development of management and cost reduction. Only then can there be more funds to support technological innovation. Technological innovation is not just a vernacular, but requires talent, capital, and equipment. Not every innovation will be successful. It is necessary to bear the risk of failure, and the continuous investment of funds is still blind.” Liu Zhongli said.
When it comes to the topic of capital markets, Liu Zhongli believes that capital market intermediaries are very important, and investors and the market must be assured and the government satisfied.
The intermediary economy should play an important role, and the evaluation agency must be able to produce actual research reports.
Finally, Liu Zhongli said that in response to the modernization of the national governance system and governance capabilities, enterprises should be the same. The central policy should be linked to specific conditions, and high-quality development should be comprehensive.
(Zhongxin Jingwei APP)