Monday, September 07, 2015
ANBOUND: Systematic Financial Reform Should Have Backup Policy
ANBOUND
Anbound's scholars point out that the financial reform in China should place greater emphasis on the systemization and focus on whether there is any gap between the systems which could be vulnerable to the speculative funds.
The reformation of financial system must face up to the risk associated with reform and spare no effort to develop a comprehensive backup policy.
Financial system is critical to the economy and any changes to the financial system could have wide ranging implications, therefore, the launching of the reform is only one part, sufficient backup policy is another part. Such policy mechanism and preparation is necessary to ensure that everything is perfectly safe.