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Thursday, April 13, 2017
Strengthening financial consolidation needs to consider development as well
ANBOUND

After China Banking Regulatory Commission Chairman Guo Shuqing took the office for more than a month, the banking industry ushers in the supervision storm. Banks, securities, insurance have entered the rectification period, which means that comprehensive financial supervision of the situation in 2017 has been formed. But at the market level, a worry is spreading; the normal financial behavior has also been affected. In our view, China urgently needs to manage finance according to law, but also needs to take into account the financial consolidation and financial development. For businesses and entrepreneurs, the time to get businesses through "guanxi" is over. Businesses need to enhance "system importance" as suggested by Anbound. For regulators, the purpose of financial consolidation is to better financial development, and ultimately realizing financial market allocation of resources, so as to better serve the socio-economy.

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