www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Making the right moves

By Cecily Liu in London (China Daily) Updated: 2014-06-09 07:12

China launched the 29-square-kilometer Shanghai FTZ in September to help facilitate the country's economic and financial liberalization. Examples of reforms include liberalization of currency, interest rates and commodity

Making the right moves
Making the right moves
 Shanghai zone in search of identity 
trading.

The zone, which China plans to use as a spearhead for sweeping economic reforms over the next decade, will test new reforms and successful ones will be implemented across the country.

Central to the structure of the reforms is a "negative list" that shows sectors in which foreign investment is banned or restricted within the zone. There are no restrictions on anything not on the list.

Grimstone says the concept of having a negative list demonstrates a fundamental change in thinking by China's policymakers.

"The way my Chinese friends put it to me is that in China everything is forbidden unless it is allowed. And in the FTZ, everything is allowed unless it is forbidden. This is a deep philosophical change."

Grimstone says the change of mentality signifies a freeing up of the Chinese economy, allowing market forces to play a bigger role in driving economic growth. Liberalization of the economy will also significantly contribute to China's growing connectivity with global financial markets.

"I think financial services around the world are about interconnectivity. The reason why London has a larger international financial services industry is because it is an intermediary in the world," Grimstone says.

For example, London as a financial center has more French bankers than Paris and more German bankers than Frankfurt, because having a hub where banks, insurance companies and other financial institutions are close to each other makes business more efficient, he says.

For this reason, many financial transactions taking place in London do not relate to physical investment in the United Kingdom, but do create employment and economic growth for the country, Grimstone says. He believes the Chinese mainland has the potential to become a financial hub for Asia in a similar way.

Although financial centers like Hong Kong and Singapore are currently playing this role, the mainland has the potential to establish its rightful place in the Asian financial markets because it has the unique advantage of being a hub for trade, which is inseparable from financial services.

"Financial centers are interrelated to the economy. The Chinese mainland will achieve its position through the strength of its domestic economy," he says.

Grimstone expects that after successful financial reforms, the state will play a smaller role in the Chinese economy, and this will lead to a big shift in the regulatory environment, with both opportunities and risks. "The issue is, what is to be the relationship between the state and the market, because the state needs to give up

something, but will gain a more successful and prosperous economy," he says.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲一区毛片 | 性感美女一级毛片 | 欧美精品成人一区二区在线观看 | 成人在线免费看 | 亚洲成人午夜影院 | 久久欧美精品欧美久久欧美 | 特黄特色一级特色大片中文 | 亚洲欧美自拍视频 | 亚洲国产夜色在线观看 | 午夜私人影院免费体验区 | 国产欧美在线播放 | 97视频在线观看免费播放 | 欧美激情视频在线观看一区二区三区 | 国产美女啪 | 手机看片神马午夜 | 国产午夜精品一区二区三区不卡 | 性感毛片 | 免费人成激情视频在线观看冫 | 99在线视频精品 | 国产精品v欧美精品v日本精 | 免费一级欧美片片线观看 | 色综合夜夜嗨亚洲一二区 | 黄网免费 | 怡红院亚洲红怡院天堂麻豆 | 国产成人免费影片在线观看 | 毛片免费视频观看 | 成人网18免费 | 国产成人高清精品免费观看 | 日本特黄特色大片免费看 | 欧美日韩中 | 亚洲免费片 | 国产三级毛片视频 | 国产成人综合95精品视频免费 | 久久国产网站 | 国产99视频精品草莓免视看 | 国产在线精品一区免费香蕉 | 欧美日韩性视频一区二区三区 | 国产高清精品久久久久久久 | 日韩在线国产 | 亚洲国产欧美另类 | 国产高清国产专区国产精品 |