New Insightful China Financial Industry Studies Provided by China's Economy & Policy-Gateway International Group
27 Sep 2012 • by Natalie Aster
Improving the Local Financial Ecology in China. Since Zhou Xiaochuan, governor of the central bank, proposed the concept of “financial ecology”, all local governments have stressed the necessity to improve their financial ecologies, thus providing a healthy foundation for the development of the financial industry. Financial ecology refers to the financial environment at the micro level, including systems, mechanisms, infrastructure, and personnel.
Prospects and Principles for Promoting Financial Innovation in China. The goals of financial innovation are to develop new financial functions, meet the internal needs for the growth of the real economy, and improve the efficiency of service provision, either by introducing new financial elements or re-combining existing elements. Accelerating financial innovation is vital for the sound development of China’s financial system and the real economy.
The Motivation for Financial Reform in Wenzhou. The primary motivation for the financial reform in Wenzhou, which was launched in March 2012, came from the businesses and local government of Wenzhou, but the central government has also played an important role.
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