\tQ&A of Premier Li in 2014 Two Sessions 2: We will talk about the "China's financial".<\/p>\n
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\t1\u3001\u4e2d\u56fd\u91d1\u878d\u548c\u503a\u52a1\u95ee\u9898 China's financial and debt risks<\/strong><\/p>\n \t\u56fd\u9645\u5e02\u573a\u9ad8\u5ea6\u5173\u6ce8\u4e2d\u56fd\u91d1\u878d\u548c\u503a\u52a1\u95ee\u9898\uff0c\u8ba4\u4e3a\u8fd9\u662f\u5168\u7403\u7ecf\u6d4e\u6700\u5927\u7684\u98ce\u9669\u4e4b\u4e00\u3002<\/p>\n \tThe international community is following very closely China's financial and debt risks, regarding this as one of the highest risks for the global economy.<\/span><\/p>\n \t2\u3001\u91d1\u878d\u4ea7\u54c1\u8fdd\u7ea6 default of financial products<\/strong><\/p>\n \t\u653f\u5e9c\u662f\u5426\u613f\u610f\u770b\u5230\u51fa\u73b0\u91d1\u878d\u4ea7\u54c1\u8fdd\u7ea6\u7684\u60c5\u51b5\uff1f<\/p>\n \tIs the government willing to see default of financial products?<\/span><\/p>\n \t3\u3001 \u5168\u9762\u5ba1\u8ba1\u653f\u5e9c\u6027\u503a\u52a1\u95ee\u9898 conducted a comprehensive audit on government debt<\/strong><\/p>\n \t\u53bb\u5e74\u5728\u7ecf\u6d4e\u4e0b\u884c\u538b\u529b\u52a0\u5927\u7684\u60c5\u51b5\u4e0b\uff0c\u6211\u4eec\u679c\u65ad\u51b3\u5b9a\u5168\u9762\u5ba1\u8ba1\u653f\u5e9c\u6027\u503a\u52a1\u95ee\u9898\uff0c\u8fd9\u672c\u8eab\u8868\u660e\u8981\u52c7\u4e8e\u9762\u5bf9\u3002<\/p>\n \tFaced with increased downward pressure on the economy last year, we conducted a comprehensive audit on government debt.<\/span><\/p>\n \t4\u3001\u98ce\u9669\u662f\u603b\u4f53\u53ef\u63a7\u7684 the risks are on the whole under control<\/strong><\/p>\n \t\u5ba1\u8ba1\u7684\u7ed3\u679c\u5982\u5b9e\u5bf9\u5916\u516c\u5e03\uff0c\u8868\u660e\u503a\u52a1\u98ce\u9669\u662f\u603b\u4f53\u53ef\u63a7\u7684\u3002<\/p>\n \tWe have released to the public the audit result as it is. And it shows that the risks are on the whole under control.<\/span><\/p>\n \t5\u3001\u503a\u52a1\u7387 debt to GDP ratio<\/strong><\/p>\n \t\u5728\u56fd\u9645\u516c\u8ba4\u7684\u8b66\u6212\u7ebf\u4ee5\u4e0b is below the internationally recognized warning line<\/p>\n \t\u800c\u4e14\u653f\u5e9c\u7684\u503a\u52a1\u7387\u8fd8\u5728\u56fd\u9645\u516c\u8ba4\u7684\u8b66\u6212\u7ebf\u4ee5\u4e0b\u3002Moreover, our debt to GDP ratio is below the internationally recognized warning line.<\/p>\n \t6\u3001\u5ffd\u89c6\u5176\u4e2d\u5b58\u5728\u7684\u98ce\u9669 overlook potential risks<\/strong><\/p>\n \t\u4f46\u6211\u4eec\u4e0d\u80fd\u5ffd\u89c6\u5176\u4e2d\u5b58\u5728\u7684\u98ce\u9669.<\/p>\n \tBut the government will not overlook potential risks.<\/span><\/p>\n \t7\u3001\u52a0\u5f3a\u89c4\u8303\u6027\u63aa\u65bd intensify regulatory steps<\/strong><\/p>\n \t8\u3001\u9010\u6b65\u7eb3\u5165\u9884\u7b97\u7ba1\u7406 put those debts under budgetary management over time<\/strong><\/p>\n \t9\u3001\u5f00\u6b63\u95e8\u3001\u5835\u504f\u95e8 keep the front gate open and block side doors<\/strong><\/p>\n \t\u653f\u5e9c\u6b63\u5728\u52a0\u5f3a\u89c4\u8303\u6027\u63aa\u65bd\uff0c\u5305\u62ec\u91c7\u53d6\u9010\u6b65\u7eb3\u5165\u9884\u7b97\u7ba1\u7406\uff0c\u5f00\u6b63\u95e8\u3001\u5835\u504f\u95e8\uff0c\u89c4\u8303\u878d\u8d44\u5e73\u53f0\u7b49\u63aa\u65bd\u3002<\/p>\n \tWe are going to intensify regulatory steps, put those debts under budgetary management over time and enhance the oversight of financing vehicles. In a word, we are going to keep the front gate open and block side doors.<\/span><\/p>\n \t10\u3001\u5f71\u5b50\u94f6\u884cshadow banking<\/strong><\/p>\n \t11\u3001\u52a0\u5f3a\u76d1\u7ba1 tighten regulatory measures<\/strong><\/p>\n \t12\u3001\u6392\u51fa\u65f6\u95f4\u8868 set a timetable<\/strong><\/p>\n \t13\u3001\u5b9e\u65bd\u5df4\u8d5b\u5c14\u534f\u8baeIII\u89c4\u5b9a\u7684\u76d1\u7ba1\u63aa\u65bd start to apply the basel III requirements<\/strong><\/p>\n \t\u5bf9\u4e8e“\u5f71\u5b50\u94f6\u884c”\u7b49\u91d1\u878d\u98ce\u9669\uff0c\u6211\u4eec\u4e5f\u6b63\u5728\u52a0\u5f3a\u76d1\u7ba1\uff0c\u5df2\u7ecf\u6392\u51fa\u65f6\u95f4\u8868\uff0c\u63a8\u8fdb\u5b9e\u65bd\u5df4\u8d5b\u5c14\u534f\u8baeIII\u89c4\u5b9a\u7684\u76d1\u7ba1\u63aa\u65bd\u3002<\/p>\n \tAs for financial risks such as shadow banking, we have tightened regulatory measures, set a timetable and started to apply the basel III requirements.<\/span><\/p>\n \t14\u3001\u8d44\u672c\u5145\u8db3\u7387 the capital adequacy ratio<\/strong><\/p>\n \t\u662f\u4e0d\u662f\u8d44\u672c\u5145\u8db3\u7387\u7684\u8981\u6c42\u504f\u9ad8\u4e86\u4e00\u4e9b\uff1f<\/p>\n \tIsn't the capital adequacy ratio in China a bit too high?<\/span><\/p>\n \t15\u3001\u57ab\u811a\u77f3stepping stone<\/strong><\/p>\n \t16\u3001\u7eca\u811a\u77f3 stumbling block<\/strong><\/p>\n \t\u6211\u4eec\u4e0d\u80fd\u628a\u4eca\u5929\u7684\u57ab\u811a\u77f3\u53d8\u6210\u660e\u5929\u7684\u7eca\u811a\u77f3\u3002<\/p>\n \tWe don't want to let today's stepping stone become tomorrow's stumbling block.<\/span><\/p>\n \t\u540d\u8bcd\u89e3\u91ca\uff1a<\/strong><\/p>\n \t1\uff0c\u5f71\u5b50\u94f6\u884c\u662f\u6307\u4e00\u4e9b\u975e\u94f6\u884c\u4e2d\u4ecb\u673a\u6784\u63d0\u4f9b\u548c\u4f20\u7edf\u5546\u4e1a\u94f6\u884c\u7c7b\u4f3c\u7684\u91d1\u878d\u670d\u52a1\u3002\u6295\u8d44\u94f6\u884c\u548c\u5546\u4e1a\u94f6\u884c\u7684\u4e1a\u52a1\u8981\u53d7\u5230\u4e2d\u592e\u94f6\u884c\u7b49\u673a\u6784\u7684\u76d1\u7ba1\u3002\u4f46\u4ed6\u4eec\u5982\u679c\u628a\u4e00\u4e9b\u4e1a\u52a1\u4ee5\u5f71\u5b50\u94f6\u884c\u7684\u65b9\u5f0f\u64cd\u4f5c\uff0c\u505a\u6210\u8868\u5916\u4e1a\u52a1\uff0c\u8fd9\u4e9b\u8d44\u4ea7\u5728\u94f6\u884c\u7684\u635f\u76ca\u8868\u4e0a\u662f\u770b\u4e0d\u5230\u7684\uff0c\u5c31\u53ef\u4ee5\u9003\u8131\u76d1\u7ba1\uff0c\u8ff7\u60d1\u8fdf\u949d\u7684\u6295\u8d44\u4eba\u3002<\/p>\n \tThe shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Shadow banking has grown in importance to rival traditional depository banking and was a primary factor in the subprime mortgage crisis of 2007-2008 and global recession that followed.<\/span><\/p>\n \t2\uff0c\u5df4\u585e\u5c14\u534f\u8baeIII\u662f\u7531\u56fd\u9645\u6e05\u7b97\u94f6\u884c\u5236\u5b9a\uff0c\u540c\u65f6\u5f97\u5230\u4e16\u754c\u5404\u4e3b\u8981\u7ecf\u6d4e\u4f53\u7684\u4e2d\u592e\u94f6\u884c\uff08\u5373\u5df4\u585e\u5c14\u94f6\u884c\u76d1\u7406\u59d4\u5458\u4f1a\uff09\u53c2\u4e0e\u5236\u5b9a\u5e76\u540c\u610f\u5b9e\u65bd\u7684\u5168\u7403\u91d1\u878d\u76d1\u7ba1\u6807\u51c6\u3002\u4f5c\u4e3a\u5df4\u585e\u5c14\u534f\u8bae\u7684\u7b2c\u4e09\u7248\uff0c\u534f\u8bae\u7740\u773c\u4e8e\u901a\u8fc7\u8bbe\u5b9a\u5173\u4e8e\u8d44\u672c\u5145\u8db3\u7387\u3001\u538b\u529b\u6d4b\u8bd5\u3001\u5e02\u573a\u6d41\u52a8\u6027\u98ce\u9669\u8003\u91cf\u7b49\u65b9\u9762\u7684\u6807\u51c6\uff0c\u4ece\u800c\u5e94\u5bf9\u57282008\u5e74\u524d\u540e\u7684\u6b21\u8d37\u5371\u673a\u4e2d\u663e\u73b0\u51fa\u6765\u7684\u91d1\u878d\u4f53\u7cfb\u7684\u76d1\u7ba1\u4e0d\u8db3\u3002<\/p>\n \tbasel III (or the Third basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It was agreed upon by the members of the basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. The third installment of the basel Accords was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis. basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage. (From Wikipedia)<\/span><\/p>\n \tIf you are interested in this topic, you can read more about the articles.<\/p>\n