Optimistic local financial development
ANBOUND
For a long time, China's financial institutions are generally pursuing national financial market, and do not wish to remain locally; this might be a mistake. For the Anbound's chief researcher Chan Kung, the development of local finance is in fact promising; first of all, the market size will develop with the development of local economy, the financial industry will certainly develop as well; second, the more backward the local economy, the faster the pace of development; third, the Central Government is particularly concerned about the economic development of backward areas, so the relatively backward areas, the more opportunities are to be found. For the feasibility, the focus can be on the development of "consortium economy" to build local finance, connecting the real economy and financial resources.