Financial reform may be a retreat

Source: Internet
Author: User
Keywords Reform of state-owned enterprises
With the "retreat" of Shanghai Municipal Financial capital to exchange for the "Jin" of Shanghai Financial Industry although the financial elements and resources accumulated in the whole country, but compared with Beijing, Shenzhen, the lack of flagship financial enterprises to become Shanghai to build an international financial center of the important Short board.  With the essay of Shanghai's International Financial Center in March 2009, the need for Shanghai to build its flagship financial enterprise is more urgent, and the expectation of the reform of Shanghai's financial capital has become more and more high.  But the reality is much more complicated.  The reform of the financial state-owned enterprises in Shanghai mainly includes two aspects, one is the implementation of the subject of responsibility, the institutional level, and the other is the integration and reorganization of the existing financial institutions, involving the mechanism level. From the system, the Shanghai financial office after empowerment is becoming the driving force of the financial reform in Shanghai, although it still faces many obstacles, but the responsibility of the subject is clear, which lays the foundation for the next reform.  From the path, through the introduction, integration, reorganization, strengthen the municipal financial enterprises, optimize the distribution of financial state capital, has become the first choice of financial reform in Shanghai. The direction is clear, but the operation level is very heavy. Due to historical reasons, the period of interest entanglement is very complex. The financial holding platform has always been unclear, the supervision responsibility of the financial office needs to be implemented urgently, and how the financial enterprise's investor will embody it has puzzled all sides. In the case of Shanghai International Group, how to turn financial investors from financial enterprises into meaningful strategic financial holding Group is still looking for the answer.  In addition, as a highly open and highly market-oriented financial industry, how to deal with the relationship between the government and the market in the reorganization is also testing the reform of the governors. The previous thinking has been that the existing Shanghai Municipal financial state-owned enterprises to reorganize the reorganization, but because of various technical or non technical reasons, struggling.  It can be said that the reform of financial state-owned enterprises in Shanghai is now in a stalemate, a dilemma. If reform is going against the tide, stagnation equals retrogression. and "Retreat" if the right, but also a kind of progress. Shanghai Municipal Financial state-owned enterprises reform, now into cannot enter, as if to retreat.  In other words, in order to increase the stock, the Shanghai Municipal Financial state of the "retreat" in exchange for the Shanghai financial industry "into".  In March this year, "2010 Shanghai Financial State-owned enterprises Reform and Development Conference", the Shanghai Municipal party committee, deputy mayor, the city financial state-owned enterprises reform and development leadership group leader Tu Guangshao vice-chairman clearly proposed that the market-oriented reform, open restructuring as an important means to accelerate the reform and development of financial state-owned enterprises in The idea of "market-oriented reform and open reorganization" means to introduce "foreign aid" to restructure Shanghai Municipal Financial state-owned enterprises.  This shows that the reform of financial state-owned enterprises in Shanghai has changed into "but beg for, do not belong to", with incremental reform to drive the stock reform, pay more attention to the development and prosperity of Shanghai financial industry, when necessary, can give up the holding power. Under the guidance of this kind of thinking, the development of Shanghai financial industry is expected. In March this year, the Pudong Development Bank to sell equity, the introduction of strategic investors China Mobile; AprilShanghai will cede some of its licences to municipal financial companies, according to the report, and recently news that Ping An securities are in the market for Shanghai Securities.  The light of "market-oriented reform, open reorganization" seems to be spreading.  However, in the specific operation, this kind of thinking to really put into practice, the subjective need for the government's large pattern of reform and entrepreneurial mentality of the open, objectively requires the specific trade-offs and trade-offs, and sometimes need the relevant central departments, institutions to cooperate. And to have these conditions at the same time, it is clear that Shanghai will have to pay more effort.
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