How far are we from the financial powers

Shanting attend the 2002 college Entrance examination of Shanghai "" "I do not know whether remember, that year, the highest bar of Fudan University is the international Finance Department.　　We still don't know what the difference between "economics" and "finance" is, but eight years later, most of us are already in various financial centers around the world, engaged in all kinds of branches of financial services.　　What I want to say is that "the year after" almost witnessed China's financial development speed of the fastest 10 years.　　Unlike a generation that has experienced China's reform and opening-up for more than 30 years, we seem to enjoy the "fruits" of rapid economic growth without having to face and participate in a nascent financial industry at the same time.　　"Powerful finance" and "financial power" are two different concepts, for China and the United States: the financial sector is still in its infancy for China, the world's top economic growth and the second-largest economy, which has helped the United States become the world's largest economy for nearly a century.　　How far are we from the "financial power"? I randomly sent this question to MSN's two peers, the answer was surprisingly similar: "The system is different, the pattern is different, about 10 years from Europe and America," says another friend who is graduating from a PhD in finance at Fudan University. Indirect financing is about 10 years, and direct financing is 20 years worse.　　"A decade can be long or short-it depends on what you do, and what you do depends on what you lack." Some people think that we lack of "financial quotient", that is, in addition to a few large cities in the ordinary people have "financial quotient" concept and financial management awareness, the majority of Chinese investors do not understand the investment products, it is easy to blindly follow, leading to a large part of the market participants irrational phenomenon.　　Almost everyone in the United States will be involved in financial products as a channel for money management, and even some old people will have their own advisers. Some people say that we lack of "products", financial products relative to the scale of financial assets is too single, direct financing lacks a good long-term bond market and second market, indirect financing and lack of innovation.　　America's financial-product portfolio has peaked-and even detonated the worst financial crisis since the Great Depression. More people complain that the government "controls too much" and that, despite the gradual deregulation and financial innovation, the deregulation has always seemed slower than innovation.　　In addition, there has been a growing problem of financial development that has been excessively concentrated in the hands of financial institutions and governments. The above constitutes a "chicken or egg first" question, and involves "cake" how to do, how to score.　　The problem is that we do not have a good breeding "chicken", there is no hatching rate of the "egg", do "cake" is not mature method, the "cake" The truth is also difficult to distinguish black and white. In such circumstances, the development of various kinds of nongovernmental financial activities in Zhejiang Province is very interesting, such demand-driven, spontaneous,Half-hearted, the gradual institutionalization of the situation almost reminds me of the last century, the 80 's price system reform.　　It sounds a little bit exciting: does "the" will also witness an upside down financial reform? 10 years to ask the question: How far are we from the "financial powerhouse"? (The writer is a reporter for this newspaper)