Wang Hongying: Asset securitization is the leading trend of market in the future

2010 China's top 500 companies announced the September 5 financial reform and Business Growth Forum. The picture is Wang Hongying, executive vice president of China Intermediate (26.50,-0.44,-1.63%) Institute.　　(Photo source: Sina Finance and Economics Liang) 2010 Chinese Enterprises 500 strong release and China Big Enterprise Summit September 5 financial reform and Enterprise Growth Forum, China Interim Research Institute executive Vice President Wang Hongying speech. Yang Du: Thank Liu, for two years, we have been talking about the financial crisis, some people say that China is not a financial crisis, but also the problem of insufficient financial innovation, a business can not do too light, light will be empty, economically, this is how to rationally view the innovative role of China's financial industry,　　I think President Wang will certainly have some research on this, how to make China can innovate and change, and not have a situation like America. Wang Hongying: Speaking of which, my personal opinion is three points. 1, a new kind of things, before our enterprises to do basic operations, now stressed the virtual economy, we found that the whole globalization, financial integration background, the virtual economy scale development is a leading trend. The combination of production and integration will effectively enlarge, utilize and promote the harmonious development of productive forces and production relations. The use of financial instruments, the risk management, a little leverage 100% of the industry to operate, you will find that the benefits will occur exponentially. In the middle of China, we also know some, we listed in Shenzhen, in 2007, the mini-listed companies, the circulation of shares only 135 million, at the beginning of the year into 30,000, through the 2008 financial crisis, the national market value in the case of shrinkage, to the present more than 3 billion, The market capitalisation has doubled by more than 2 times. We have a program with CCTV, at 9 25 and 9 O ' 50 a day, every morning trading time, we ask experts to talk about the stock market. 2, Europe and the United States have 160 years of financial history, the gap between the government and the market is very large, now there is a very normal debate is a phenomenon, this debate does not affect our future development, the real listed companies, capital markets most money is the bank, this case can explain the development of virtual economy. 3. In the course of development there are problems of supervision and passage, this process must be in an orderly, controllable, harmonious environment development, in this context, I think a combination of ways, especially as small and medium-sized enterprises, in addition to risk control, there are significant changes in sales profits, the government in the policy formulation to help the financing platform, There are a lot of theoretical and substantive innovations to strengthen risk management and risk control.