the ability of independent innovation
The development of the stock market promoted to countries leading strategy, because strong country needs a strong capital market. Major economy to power from the most core signs, economic lies not just in the amount of gross domestic product, the increase of resource allocation efficiency more lies in the promotion of the quality. China’s economy in the past 28 years has made great progress, but the resources allocation efficiency has been through a very low level. China use as the 35-40 percent of energy Mbt shoes and resources created only 4% of the total economy, make the sustainable development of China’s economy face unprecedented unprecedented challenges ability. The development of the Chinese economy efficiency is too low, largely in China’s resource distribution mechanism and resource allocation system hasn’t really turned to the track of the modern market economy. As capital distribution channel and resource allocation in the bank, main mechanism largely determine resources in the Chinese economy of flow velocity and flow, flow and flow, and China’s current bank system in main body or old, this will cause social resource allocation and configuration and market operation occurred between serious disorder and huge rent-seeking space, making the shortcomings in the China’s economy in operation bracken. Government control of the bank and the bank credit, and you control the whole social capital and the entire economic operation, it is also for this reason, the Chinese economy is continuously in recent years with the over-expansion excessive contraction cycle of tardy, the function of the government also cannot carry out according to the market economy with the direction of the requirements of the great transformation and change. Along with the development of China’s market economy with the Chinese stock market standardization degree rise by a few Banks, the minority to decide the entire national economy trends and toward the days are over, China is entering into the capital markets to bear with resource allocation main mbt shoe channel funds allocated to the main mechanism capital era. Bank savings to market investments transformation has just begun, with the deepening of China’s economic marketization, this process will inevitably continue. For the development and market development trend, the government and regulators must have a clear understanding of the with sober, there is no need to panic in the trend of The Times uneasiness even at a loss before. Commercial Banks must also from depending on national credit steering relying mainly on market credit, in market competition to improve overall own marketization level and the ability of independent innovation.
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