Yi Xianrong is a researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences.
------------------------------------------------------------------------------------------------------------------------------
Levying heavy taxes on trading processes won't curb speculative investments
The detailed measures of the new “five-item” regulations announced by the State Council for cooling the property market have gradually landed around the country, with aims and objectives of curbing speculative housing investments, transferring the speculation and investment-oriented market into a consumer-led one, and releasing resident’s demands for housing consumption. However, judging from the methods, procedures, principles and contents of the five-item property regulations and their detailed measures, the macro-control policies for the whole real estate market has not yet seen fundamental changes.
April 27, 2013
Shadow banking rampant in China
China's financial system is increasingly at risk from the growth of domestic shadow banking, impulsive local government financing vehicles (LGFV) and non-performing commercial bank assets. We need to be alert to the situation, pay more attention to Western quantitative easing monetary policies and be prepared for possible changes.
January 24, 2013
2013 outlook for stocks remains uncertain
Flashes of red have so far prevailed since the Shanghai Stock Exchange re-opened on Jan. 4 following the New Year break. With fiscal cliff in the United States temporarily resolved, the global stock market performed pretty well on average. Furthermore, PMI data showed the further recovery of China's national economy, bringing additional enthusiasm to the market. The Shanghai Composite (SHCOMP) Index rose from 1949 to 2269, an increase of over 300 points. However, how long can the optimism continue if the market continues to ignore the interests of the medium and small investors?
January 10, 2013
Experimental financial reforms
New measures aim to legalize private lenders, ease SMEs' funding difficulties and open up more investment channels
December 18, 2012
Sights set on growth quality
Based on the report delivered by Hu Jintao, the former leader of the Communist Party of China, to the 18th National Congress of the CPC and the 12th Five-Year Plan (2011-15) for national economic and social development, the upcoming Central Economic Work Conference is likely to set a 7.5 percent growth rate as the target for China's economy in 2013.
December 12, 2012
Stimulus should be small
Loose monetary policy would result in rising housing prices and be detrimental to healthy development of economy
November 12, 2012
QE3's impacts on the Chinese economy
The US Federal Reserve on September 14 announced a third round of quantitative easing (QE3) that entails buying US$40 billion in mortgage-backed securities (MBS) each month until the US job market shows a substantial sign of improvement. However, Fed Chairman Ben Bernanke declined to provide specific estimates of how long the purchases might last.
October 18, 2012
Ways to stabilize growth
In the context of complicated and changed economic situations, the Chinese government has vowed to make some tailored changes to its established macroeconomic policy.
May 25, 2012
|
