Of the shadow banking supervision will be strengthened

"The regulation is country administrative measures for the industry standardization and normalization. Without supervision at present, the industry is the industry and good companies and bad companies, large and small companies together,ASME Spiral Submerged Arc Welding pipe there will be the company to compliance and even violate moral thing, it will make the industry more chaos."

According to media reports, the shadow banking regulation would strengthen, to effectively prevent the shadow banking risks.But the risk,The author thinks that can be from two aspects of theory and practice to understand.

In theory, from the international perspective, the global financial crisis in 2008 brought the economy theory and the thought of revolution, its push macroprudential management thought has had a huge impact.Macro-prudential management is corresponding to the concept of micro prudential regulation, micro prudent supervision pay more attention to the safety and stability of individual financial institutions,1 1/4 Seamless Steel Pipe XXS Thick Wall Pipe macro-prudential management is more concerned with the stability of the financial system.The core of prudent macro management, from the perspective of macro, counter-cyclical measures, the financial system to prevent pro-cyclical fluctuations and inter-departmental infection caused by systemic risk, maintain the stability of the monetary and financial system.

From the domestic perspective, policy makers think shadow Banks higher leverage and asset prices in China, the increase the risk of the outbreak of the financial risk, need governance through macro-prudential regulation.In practice, there are two facts may be bigger to policy makers touches.One is the marketization of interest rate since late June yi on the hard facts, this shows that continue to maintain high lever to drive economic growth, stable asset prices are unsustainable.The second is debt,Schedule 120 carbon steel seamless pipe Q235 steel tube according to the audit of local government debt has passed the shadow Banks from table to table.According to the result of this debt audit, by the mid - 2013, bank loans for debt financing source which is about 56.56%, the proportion of a fall of 23% at the end of 2010, and the proportion of debt financing from 7.06% to 10.32%, seems to be the banking system and government debt correlation from 2010 fell.Trust financing accounted for the proportion of debt financing source, however, has reached to 8%, this shows that part of the debt that should be in bank lending in the table, has passed the non-standard and interbank forms to off-balance-sheet business.