According to the financial community on December 22, at the "Set Sail 2023 Financial Power Forum", Zhang Yansheng, Secretary-General of the National Academic Committee, said in his speech that the first issue affecting Japan to become a world-class manufacturing power is financial issues, and the second is talent and research universities.
Several core issues, finance, talent, and universities, when we look at them together, are nothing more than the relationship between capital or capital and people. Japan certainly has no shortage of capital, but what it lacks is how to integrate financial services into entities, stimulate social vitality, and ultimately form a high-standard integration of industry and finance, which may be the core of the problem.
Xianxian Finance believes that once the economy develops to a certain extent, it fails to make further breakthroughs, in the final analysis, it is still a human problem. So, we can't help but ask, why hasn't Japan done a good job in finance?
This is a question that should be asked not only in Japan, but also in developed Europe.
The mainstream view of Japan's problem is that the gatekeepers monopolize the economy, monopolize operations, and stifle social innovation, and that the financial system is mainly serving them. The reason why the United States is first-class is precisely because it is "divided" rather than "combined."
Thinking about this issue, even if Japan is given a chance to do it again, it still cannot become a world-class manufacturing power.
Finance is also the primary issue that China is currently tackling at present, and has "combined Marxist financial theory with the specific reality of contemporary China and the excellent traditional Chinese culture, strived to grasp the law of financial development in the new era, continued to promote the practical innovation, theoretical innovation and institutional innovation of China's financial industry, and strived to open up the road of financial development with Chinese characteristics." ”
Building China into a financial power is an important historical mission at the current stage.
The situation of our country is different from that of Japan, and compared with Japan, we have the advantage of being more self-revolutionary, which is almost impossible for Japan to achieve, and even our greatest advantage. The United States, a first-class manufacturing powerhouse, can't do it either.
The advantage of self-revolution is that it is more courageous in doing things, such as the "free receptiveness" of the real estate industry since 2021, which the United States and Japan may not dare to imagine.
Thinking from this perspective, we have more confidence to do a good job in finance. For example, in the past five years, we have all witnessed the progress in stability, done a good job in the reform of the financial supply side, and promoted the deepening of the issuance and registration system. With a strong top-down push, it is difficult not to succeed.
Of course, while building a financial power, there are also some flaws.
Also on December 22, the National Press and Publication Administration issued the "Measures for the Administration of Online Games (Draft for Solicitation of Comments)", which directly triggered the turmoil in the financial market, and the A-share and Hong Kong stock online game sectors fell hard, driving the entire cultural industry sector to plummet, casting a shadow on the ** that is still bottoming out.
We have reason to believe that the starting point of the relevant departments is good, and it may not be expected to cause a major turmoil in the capital market, probably because of the "good intentions that did bad things".
Coincidentally, in an interview with ** in June this year, Zhang Yansheng had this passage: Some time ago, the status of private enterprises, education and training, platform companies, and coal and electricity conflicts caused controversy. The original intention of some policies is good, but the lack of warm-up procedures before the introduction of policies, the modernization procedures of governance in the introduction of policies, and the evaluation and improvement procedures after the introduction of policies, and the administrative "one-size-fits-all" will cause some economic and social problems.
And this time the impact of the online game incident is very similar to the previous ones. Zhang Yansheng, to the point, modern governance procedures, may need to keep pace with the times, otherwise, with the increasing development of China's capital market, a press release may have a major impact on the market.
That is to say, "self-revolution" is permeated in all aspects of each link, and now it is necessary to have a special department to co-ordinate, connect with each industry, and establish an information decision-making evaluation system to minimize the impact on the market.
Start planning for my 2024