Zhou Xiaochuan: To prevent "patient-type competition" disturb the competition order

The problematic institutions tend to issue expensive tools to cover up the balance sheets. In this case, it is likely to disrupt the normal competition order, at the same time will make a lot of interest rate liberalization in the market, "Caijing reporter Ursula" "The financial sector has a phenomenon, called ' Patient-type competition ', the problem of institutions tend to issue some expensive tools to cover up the balance sheet problem. In this case, it is likely to disrupt the normal competition order, at the same time will make the interest rate marketization of a lot of hopeless phenomenon.　　"2011: Forecasting and Strategy", held in Beijing on December 17, 2010, Zhou Xiaochuan, governor of the People's Bank of China, said in a keynote speech. Zhou Xiaochuan made this point in his speech "gradually recommending China's interest rate marketization".　　He said that, as we have seen in this financial crisis, a financial institution often struggles in the event of problems, tends to hold high interest rates, will issue some expensive tools to cover up the balance sheet problems, and continue to struggling, hoping to recover in the future. China's own experience is also the case, some securities companies after problems, a large number of issue of counter debt, and some are illegal, the interest rate is very high. In this case, they are sick, even critically ill patients.　　In this case, it is likely to disrupt the normal competition order, at the same time will make the interest rate marketization of a lot of hopeless phenomenon. "Caijing" annual meeting by the "financial" magazine, since its inception in 2004, the financial network has attracted a large number of senior political and political officials, dignitaries from international organizations, business leaders and prominent Chinese and foreign economists to take an active part in focusing on events and trends in the world economy, politics, society, science, technology and culture in the coming year, The in-depth analysis of current affairs hotspots, the accurate interpretation of national policy trends, and actively explore the industry prospects, known as the Chinese economy towards the most authoritative and forward-looking international ideological exchange event.