China News Service, Beijing, December 11 (Zuo Yuqing Palace Hongyu Xie Yiguan) The Central Economic Work Conference was held in Beijing from December 8th to 10th.
The meeting proposed to set "traffic lights" for capital, strengthen effective supervision of capital in accordance with the law, and prevent the brutal growth of capital.
Why set up "traffic lights" for capital?
Chen Daofu, deputy director of the Institute of Finance of the Development Research Center of the State Council, believes that the meeting put forward the background of "setting up a'traffic light' for capital and strengthening effective supervision of capital." First, my country has not only lacked investment motivation, but also appeared disorderly expansion of capital. Therefore, it is necessary to encourage capital to actively seek market opportunities, give full play to the entrepreneurial spirit, and increase investment. It is also necessary to prevent the brutal expansion of capital and avoid the improper combination of monopoly and industry and finance.
Second, in the disorderly expansion of regulated capital, some worries have emerged in the market, which need to be corrected.
According to Political Commissar Lu, chief economist of Industrial Bank and chief economist of Huafu Securities, capital is neutral in the market, just like when we drive a car and people cross the road, cars and people are also neutral. But it must be to obey the traffic rules.
Therefore, "'traffic light' is about dividing which areas are prohibited to enter and which areas are encouraged to show their fists. Clear rules in advance will help release market vitality. Publicize the'traffic light' rules first, everyone Don’t worry about accidents."
How to set up a "traffic light
"
for capital
?
Zhao Xijun, co-dean of the China Capital Market Research Institute of Renmin University of China, believes that how to set a "traffic light" for capital must first correctly understand and grasp the laws of capital operation.
Capital plays different roles in different stages of the market.
"Take industry as an example. In the early stages of the development of emerging industries, social capital began to invest heavily to form an investment outlet. When the industry has developed to a certain level, the negative effects of capital will gradually appear-through continuous mergers and acquisitions, the formation of market concentration monopolies, or even It is the status of an oligarch and ultimately affects the interests of consumers and fair competition in the market."
"In this stage, how to guide capital to correctly play its role as a factor of production and restrain the negative or negative effects it may bring is the key to setting up a good'traffic light'." Zhao Xijun said.
Liu Ying, a researcher at the Chongyang Institute of Finance, Renmin University of China, a council member, and director of the cooperative research department, told Chinanews.com that the country’s development in green development, people’s livelihood, high-quality economic development, development of small and medium-sized enterprises, and the development of agriculture, rural areas and farmers A large amount of capital investment is needed, but in real estate, orderly development is even more needed.
"If a company's behavior affects the country's information security and data security, there must also be a'traffic light' at this level, and it cannot be allowed to grow disorderly and brutally." Liu Ying pointed out that at the international level, it cannot be cross-border. The disorderly flow of funds requires prevention of abnormal cross-border capital flows.
"At the same time, we must also allow capital to support the growth of the real economy, instead of investing and speculating in virtual markets, pushing up bubbles and encouraging risks." Liu Ying said.
(Finish)