A Probe into the High-Quality Development Path of China’s Financial Industry

Under the new economic normal,the financial industry plays an important role in the high-quality development of the national economy,which is conducive to promoting the development of a socialist market economy with Chinese characteristics,improving the financial system,laying a good foundation for the“Internet+”economic development,and promoting the stability and prosperity of the market economy.China’s financial industry should be based on the new economic normal,strengthen the risk control of the financial industry,and ensure the stability of the financial market;Further improve the inclusive finance business,alleviate the capital problems of small and medium-sized enterprises,and activate the vitality of the financial industry;Promote fintech innovation,adapt to market changes and technological progress of The Times,and improve the comprehensive competitiveness of China’s financial industry;Improve the financial supervision system,strengthen the supervision of the financial industry,standardize the development of the financial industry,and promote the high-quality development of the financial industry.

Research on Efficiency of Financial Supports in Agricultural Industrialization in China

The agricultural industry development in China has been very successful, but there exist some problems, such as weak financial support strength. With the help of DEA-Malmquist index method, this paper evaluated the efficiency of the agricultural industrialization＇s financial supports, made a deep study of its influencing factors, which have an extremely important influence on the perfect agricultural industrialization＇s development.

Resilience and Stability in Organizations Employing Cloud Computing in the Financial Services Industry

The services and solutions offered by cloud computing continue to grow, just as the number of organizations relying on the service. Cloud computing has become prevalent in the financial services industry, where 83% of financial services institutions identified cloud computing as a primary element of their infrastructure. Although there are specific benefits of cloud computing that organizations rely on such as access to critical services and lower costs, there is the possibility that cloud computing will create costs for organizations. The purpose of the study was to present an intensive review of the benefits and threats by investigating resilience and stability of the organizations in financial services industry that use cloud computing as their primary element of infrastructure. Data collected from the interview was used to answer original research questions, which are: How are organizations in the financial services industry resilient when faced with threats or losses associated with the use of cloud computing in their organization? How do organizations in the financial services industry maintain stability when faced with threats or losses associated with the use of cloud computing in their organization? The study supports the advancement of knowledge by identifying the threats and losses that occur due to the use of cloud computing, and organizations understand common threats and thus implement proper mitigation.

China's Auto Industry Under the Financial Crisis

The global financial tsunami has swept the automobile industry and put major auto markets in the world at stake.The Ameri- can market is now between the beetle and the block,with both General Motors and Chrysler on the verge of reshuffling.The European market has seen a plunge in both car production and sales in many countries.Several big auto companies in Japan have suffered a slump in car sales both at home and abroad.China's economy is inevitably affected,on a relatively

The Study on the Economic Application of Financial Big Data

Big Data has become the focus of the Internet industry. With the development of various industries becoming more sophisticated, long-term accumulation of operational data, customer data displays exponential growth trend. The rapid development of financial big data both poses opportunities and challenges for financial industry and economic growth. This article explains the economic application of big data based on the perspective of economics.

Analysis of Factors of the sports industry affected by the financial crisis and the development of countermeasures

The 2008 financial crisis on China＇ s economy has had a huge impact. And sports tourism, sports competitions, sporting goods industry, sports and fitness industry and other industries at the core of the sports industry are no exception, deeply affected by the financial crisis. Therefore, in-depth analysis of the current development of the sports industry, as well as explore the impact of the financial crisis on China＇ s sports industry and propose appropriate measures, has a very important practical significance.

Financial Crisis 2008 Impact on China Chemical Fiber Industry

On Jun. 10-12, 2009, The 15th China’s International Chemical Fiber Conference, with the theme of "Financial Crisis and Chemical Fiber Industry", was held at Hangzhou, Zhejiang Province. During the conference, the China Chemical Fiber Association released a speech on "The Impact of Global Financial Crisis on China Chemical Fiber Industry and Response Strategies". Here in the following part, we will focus on the part of the impact of financial crisis on Chinese chemical fiber industry. In our next issue, we will go on with the part of Response Strategies.

The Impact of Global Financial Crisis on China Chemical Fiber Industry and Response Strategies (Part Ⅱ)

Prospects of Global Financial Crisis and Economic Crisis The widely spreading global financial crisis has halted the fast growth of world economy in five consecutive years,and heavily stricken the financial and economic sectors worldwide.It’s second only to the "Great Depression" in the 1930’s.Governments

70 Years of China’s Finance:History,Contributions and Prospects

Over the past 70 years since the founding of the People’s Republic of China,great changes have been seen in the financial industry in terms of its nature,function,scale,structure and other features.It has experienced six stages of development,namely,inception and consolidation,arduous growth,exploration and restructuring,segmentation,fictitious economy orientation,and real economy promotion and risk prevention.The tremendous success and useful experience made during this period have largely bolstered the prosperity and stability of the Chinese economy,improved Chinese people’s living standards,and exerted a profound impact on China’s economy and society.Based on its development pattern,the Chinese financial sector will expect further openingup at home and abroad and a growing capacity in serving the real economy,while new business forms and models will emerge rapidly and stronger preventive measures against financial risks will be needed.In response to the financial development in the new era,proactive and pragmatic measures need to be in place to safeguard the stable and sound development of the financial industry.

CHINA'S FINANCIAL INDUSTRY: SITUATION, REFORM AND PROSPECTS

Since the start of reform and opening to the outside world fourteenyears ago, our financial system reform has gained great achievements Firstly, we have changed the highly unified banking system which was compatible with the past product economy and have established a relatively complete financial system with the central bank at the core; Secondly, a financial market has been built up with the interbank lending and treasury bond issues and transfers as

Structural Restriction in the Development of Chinas Financial Industry

After China's accession to the WTO, the main problem China now faces in its financialdevelopment is how to enhance international competitiveness while safeguarding financialsecurity. Since reform and opening up, the development of Chinas financial industry hasfeatured extensive quantitative expansion, but without sufficient consideration given toincreased risk. This has led to serious defects in the financial structure, which has hamperedthe financial industry from further development and from improving its internationalcompetitiveness. All these have had unfavorable impacts on financial stability and security.Therefore, in developing Chinas financial industry, the stubborn pursuit of growth inquantity is inadvisable. What is needed is to change this way of thinking and to promotereform and development of the financial industry with emphasis on structure improvement,and to seek a way of development that can raise international competitiveness, while at thesame time ensuring financial security.

Development targets and tasks of China’s financial industry in the“13th Five-Year”period

As for financial development based on the dual attributes of function and industry,China,in the“13th Five-Year”period,should build a more mature and better-established modern financial system and transform from a major financial country to a major world financial power.The proportion of financial industrial value-added should be maintained at around 7.5%during the“13th Five-Year”period,and by the end of the period,the proportion of direct financing in social financing should surpass 25%.The main tasks of financial development include improving the interest rate and exchange rate mechanisms,and promoting the market to play a decisive role in the allocation of resources,holding onto the bottom line of preventing systematic and regional risks,and making full use of government function,enhancing financial reform,and opening-up in a concerted effort for the purpose of building a global financial powerhouse,and putting more efforts into developing diverse financial patterns to better serve the development of the real economy.To this end,China should promote coordination among different economic policies,continue to advance the reform of financial institutions,push forward the development of multi-level capital markets,strengthen the financial security network,and prepare emergency plans to prevent potential financial crises.

Diagnosing the Financial Industry

Heads of the nation’s top economic and finance watchdogs gathered together at the Lujiazui Forum held in Shanghai on May 15-16.The forum,initiated in 2007 and aimed at becoming a Chinese version of the World Economic Forum in Davos,was themed "finance and economic growth in a globalized age" this year.High-level attendees included Zhou Xiaochuan,Governor of the People’s Bank of China;Shang Fulin,Chairman of the China Securities Regulatory Commission(CSRC);Liu Mingkang,Chairman of the China Banking Regulatory Commission(CBRC);and Wu Dingfu,Chairman of the China Insurance Regulatory Commission(CIRC).The following are edited excerpts of their speeches at the forum.

Can China textile and apparel industry decouple itself from the global financial turmoil?

Driven by the rising specter of both recession and inflation, the financial woes of the Wall Street have recently become deepened. The current US financial turmoil has its root in the