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| | From the viewpoint of systems and equities,to reform the structure of financial equities and improve finacial systems it can be seen that in the case of the monopoly of the state-owned finance only local governments can act as an imtermediate links which link up the system supply of the super structures and the demand for bringing forth new systems of the lower-level units.They will become creates and protectors of new financial equities. | | 从制度和产权理论的角度分析金融产权结构的改革与金融体制效率的改进 ,可以看出在我国国有金融垄断的情况下 ,只有地方政府才能够成为沟通上层结构 (国家 )的制度供给与下层结构 (社会 )的制度创新需求的中间环节 ,从而成为新金融产权结构的创造者和保护者 | | 文摘来源 | | The Efficiency of financial system can be described as motivation, allocation, constraint and safety efficiency of financial system. The property characteristic of financial assert in china ' s commercial banks, inefficiency financial markets and institutions, slack in supervision, as well as existing institutional contradictions in withstanding financial risk, etc, lead to the low efficiency of our financial system. It deduces that we should be oriented by the reform of financial property, liberalization o... | | 金融体制效率可被描述为金融体制的激励、约束、配置和保险效率。总体来讲,我国国有金融产权特征、低效的金融市场和金融机构、监管不力以及现行的抵御金融风险的体制性矛盾等决定了我国金融体制运行的非效率。因此,金融体制的自由化、公开化、公平化应成为我国金融体制改革的方向。 | | 文摘来源 | | The great increase of credit in 2003 does not mean that the existing problems in financial system have been solved effectively. The structual deviation of indirect finance and the slow development of direct finance go against the sustainable and stable increase of domestic demand. In order to strengthen the endogenetic gowth capability of the economy and increase domestic demand, we should have an in-depth reform of financial system and improve the efficiency of Chinese financial system. | | 20 0 3年信贷的快速增长并不能表明金融体系存在的问题得到了有效解决 ,间接融资的结构偏离和直接融资的发展滞后都不利于内需的持续稳定扩大。要增强经济的内生增长能力 ,从根本上扩大内需 ,必须深化金融体制改革 ,提高我国金融体制的效率以积极支持内需的扩大。 | | 文摘来源 | |   |
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