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Optimistic Outlook: Super-Scale Market Capacity and Financial Risk Management

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According to reports, Zhu Shumin, member of the CPPCC National Committee and former vice chairman of the China Banking and Insurance Regulatory Commission, sai…

Optimistic Outlook: Super-Scale Market Capacity and Financial Risk Management

According to reports, Zhu Shumin, member of the CPPCC National Committee and former vice chairman of the China Banking and Insurance Regulatory Commission, said during the discussion of the draft amendment to the Constitution of the CPPCC and the State Council’s institutional reform plan in the economic circles of the CPPCC National Committee, that we are optimistic about the capacity of the super-scale market. At present, we should strengthen the sense of urgency to implement the new development concept and build a new development pattern, and plan policies to accelerate the smooth internal circulation from the market perspective. To deal with financial risks, we should not only grasp the current situation, but also focus on the long-term. For example, small banks are the most active cells in the market economy. When risks arise, they should not be simply integrated. They should fully analyze the advantages and disadvantages before taking disposal measures. This institutional reform in the financial sector has filled the gap in market regulation. I hope it can be actively and steadily promoted, focusing on how to combine regulatory efficiency with scientific and technological progress and productivity development. (Securities Times)

Zhu Shumin, member of the National Committee of the Chinese People’s Political Consultative Conference, said that institutional reform in the financial sector has filled the gap in market regulation

Analysis based on this information:


Zhu Shumin, a member of the CPPCC National Committee and former vice chairman of the China Banking and Insurance Regulatory Commission, recently shared his views on the state of the Chinese economy during a discussion of the draft amendment to the Constitution of the CPPCC and the State Council’s institutional reform plan in the economic circles of the CPPCC National Committee. He expressed optimism about the capacity of the super-scale market and emphasized the importance of implementing the new development concept and building a new development pattern.

One of the key points highlighted by Zhu Shumin was the need to plan policies to accelerate the smooth internal circulation from the market perspective. This refers to the flow of goods, services, and information within the country and the importance of ensuring this circulation is efficient, sustainable, and inclusive. Such policies will need to be carefully crafted to address the specific challenges and opportunities presented by different sectors of the economy.

The importance of effective financial risk management was another theme discussed by Zhu Shumin. He stressed the need to focus not just on short-term concerns but to think about the long-term impact of different measures. For instance, while small banks may be vulnerable to financial risks, simply integrating them should not be the only solution. Instead, a more comprehensive analysis of the advantages and disadvantages should be undertaken before taking any disposal measures.

Finally, Zhu Shumin highlighted the impact of institutional reform in the financial sector in filling the gaps in market regulation. He called for the active and steady promotion of this reform, focusing on how to combine regulatory efficiency with scientific and technological progress and productivity development.

In conclusion, Zhu Shumin’s message provides an optimistic outlook regarding the Chinese economy and highlights the importance of careful planning, effective risk management, and regulatory efficiency. The keywords from this message indicate that the Chinese government needs to focus on developing a long-term perspective while addressing short-term risks, invest in policies that promote smooth internal circulation from a market perspective, and continue to promote institutional reforms that strengthen market regulation.

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