nyenaceyg
Dołączył: 13 Gru 2010
Posty: 522
Przeczytał: 0 tematów
Ostrzeżeń: 0/5
Skąd: England
|
 Wysłany: Sob 10:36, 02 Kwi 2011 Temat postu: Credit rating system to promote the development of |
 |
|
Credit rating system to promote the development of national development of capital market
P-GDP ratio of debt rating than the proportion of GDP (%) cases (%)(%) Aaa/AA43.0-4.071.74 Germany United Kingdom United States Aaa/AAA/AAA60I8-7.32O_33 Japan AaMA63.20-331.24 Aaa/A195.5-5.6521.67 China A1, A +, A +21.4-0.8 O46.59 Brazil Bal / BBB A, BBB a 42.6-0.6213.65 Source: China's fiscal deficit -GDP ratio from Xinhua, the three major credit rating from our website, other data sources,[link widoczny dla zalogowanych], the International Monetary Fund. Among them, the total balance of debt and foreign exchange reserves data for the end of 2007, the fiscal deficit and GDP for the year 2007, according to education. International rating agencies ideology is also reflected in China's sovereign debt credit rating seriously inconsistent with economic reality in China. China is the world's fastest growing economy in the country, is the largest foreign currency reserves, China's contribution to world economic growth rate ranked second, third China international trade, China's fourth largest economy of scale. However, the three major rating companies to China's sovereign debt credit rating of only A1 and A +, and the actual situation of the Chinese economy a serious discrepancy. Fourth, the international credit rating system for remodeling the current international credit rating system has the defect is not conducive to the development of world economy and financial stability, it should establish an open, fair and just international credit rating system. To improve the monitoring mechanism, breaking the existing monopoly to prevent conflicts of interest. But in the process of preventing conflicts of interest do have a lot of difficulties to be resolved, including changes in rating models, such as whether the credit rating as public goods; also includes ratings and how to charge a fee charged if the problem; In addition, the need to break through ideological barriers, Credit rating agencies can no longer wear glasses to look at the traditional problem of ideology. Needless to say, reform of the international credit rating system, the task is arduous, not overnight. Vested interests (such as the three major credit rating companies) may be resistance to change and hinder the reform process. However, in order to establish a fair and equitable global economic order, such reform is necessary, but must move forward step by step. What is gratifying is the first G20 summit, the leaders to improve the transparency and credibility, improve supervision and promoting market integrity and other important consensus reached, which for the next step of reform and reshape the international credit rating system for the direction. Specifically how to implement the consensus and we look forward to early April will be held in London in the second G20 summit to make new progress. Fifth, to develop national credit rating system for China's reform and opening up the brilliant achievements of 30 years showed that only based on the national basis, in order to better reflect the Chinese characteristics. To promote the healthy development of capital markets, China should vigorously develop the national credit rating system with Chinese characteristics, the credit rating system is to continuously push forward the socialist market economy, an important part of moving forward. Only with Chinese characteristics, rating agencies, will have a stronger world. China's economy to full integration with the world economy, China needs the world, the world needs China, in the process of integration into the world, our culture, our philosophy and world culture, the concept of the world closer together, this can make China rating agencies and even in some of the frustration of failure growing up process, China has laid a solid foundation for capital market development. We do not exclude establishment of joint venture rating agencies, rating agencies, which help China learn from advanced foreign concept. But at the same time, we have to appropriately recognize patterns and way of rating the technical content problems. More importantly, the Chinese have Chinese characteristics, rating agencies, reflecting the characteristics of China, a reflection of Chinese culture, and reflects the requirements of the Chinese masses, but also the direction of economic development in the Chinese market, in line with and vigorously promote the construction of China's capital market direction. Severe challenges to the financial crisis on the following issues must be serious thought: how to defend the country's financial sovereignty? How to maintain control of the country's financial industry? Financial information to protect national security, to protect national economic security, promote the healthy development of China's capital market ? These are established in the study of credit rating system with Chinese characteristics should seriously consider and gradually solve the problem. Of course, the development of a rating system with Chinese characteristics is still a long way to go, need to build credit platform, and vigorously develop the high-end financial professionals. New ideas in regulation, to strengthen financial supervision, including supervision of the financial rating agencies, to ensure that China's financial system stability and financial security. Notes [1] According to the three major credit rating agencies disclosed information site finishing. (The author is Assistant Finance Minister) Editor Liu Xiaozhou
Post został pochwalony 0 razy
|
|
