Yesterday, in Beijing at the 12th China Capital Market Forum, the assistant to the president of the People's University of China, the financial and securities Professor Wu Xiaoqiu, director of the Institute released its latest study on the views: global financial centre is to the east drift, drift to China .
Professor Wu Xiaoqiu optimistic that, by 2020, China will become one of three of the world's capital markets. He said that after 30 years of development, China has transformed into a major economic power. China's future economic development by achieving economic power into economic power, in addition to a strong independent innovation capacity, China will also establish a strong capital market system.
Wu Xiaoqiu, said that in the next 10 years, China's capital market will have some major changes: First, China's capital market will become the world's most important and largest, the best liquidity, transparency is the best asset transactions places. The overall market in 2020 to more than 100 trillion will be more than the second, the global financial centre is to the east drift, drift to the Chinese is that for the system to the capital, the financial system will be in China. Thirdly, the RMB will be pricing power. Around this strategic objective, and the realization that Professor Wu Xiaoqiu, the Government should be a corresponding increase in market supply, the important focus on the supply, the search for the future of China's capital market the fulcrum of the strategic balance. At the same time domestic demand will continue to ease the financial assets to promote the transition to the people on the original money in the bank, and gradually ease gradually enter the capital market, to fundamentally change China's asset structure of the securities increased the proportion of assets.
Source: 南方都市报 Liu Bin & Dai Zhijun Jan. 14, 2008