How do you view the fact that the financial sector is completely open to foreign investment?

The financial sector is the core field of any country. To put it more seriously, the loss of the financial sector is similar to the loss of the country. Many small countries without financial sovereignty have always been unable to escape the tragic fate of being harvested again and again by financial powers and hegemonic countries.

Back then, when we entered the customs, we stubbornly clung to 49% of the equity ratio of foreign capital in banks and insurance institutions in China, and we have not let go of our grip on foreign countries for many years.

Now that the restriction on the proportion of foreign capital in China has been completely abolished, foreign capital can hold 100% of the equity of banking and insurance institutions in China, achieving full control, and the business scope of foreign banks and insurance institutions is completely consistent with that of Chinese capital.

According to the Economic Observer:

At the press conference on the high-quality economic and social development of financial services held by the State Council Information Office on January 25, Xiao Yuanqi, deputy director of the State Administration of Financial Regulation, said that in recent times, the State Administration of Financial Supervision has launched more than 50 measures for financial opening-up. The restrictions on the proportion of foreign shares have been lifted, including the restrictions on the proportion of shares of financial institutions in which foreign investors participate, acquire or increase their capital. At present, foreign capital can hold 100% of the equity of banking and insurance institutions, achieving full control.

Xiao Yuanqi said that there are already such institutions, including wholly foreign-owned insurance companies, foreign-funded wealth management companies, wholly foreign-owned currency brokerage companies, and wholly foreign-owned insurance asset management companies, all of which have been approved for operation, and their current business conditions are relatively good. In addition, the relevant restrictions on the financial sector in the negative list for foreign investment access have been completely cleared.

In the face of this rather explosive news, many people were shocked, many people exclaimed that this was kneeling, and many people were worried that foreign capital would come to China to feast on the smell.

What do you think about this?

Actually, there is no need to make a fuss and there is no need to over-interpret.

The reason why China has opened up our financial sector to foreign capital is that it is also a trend of time.

First, our country's financial sector now has the conditions for full liberalization.

At the time of the WTO accession talks, our banking, insurance, and first-class businesses were still in their infancy, and not only were they weak in strength, but also lacked experience.

Now, China has grown up, both hard power and soft power have been improved, and we have made up for the shortcomings, and the conditions that we did not have before are now available.

The argument that China's financial industry will be completely defeated when it encounters foreign capital is undoubtedly looking at the problem with a sword.

Second, we also need to introduce catfish in our financial sector.

We have already seen the role of Tesla in China's new energy vehicle industry. Chinese enterprises can't always stay in the greenhouse, and if they stay in the greenhouse for a long time, it is too comfortable to lie down and make money, and they will lose the possibility of growth.

At this time, releasing a foreign catfish and putting Chinese enterprises on the international stage to compete is conducive to the growth of Chinese enterprises.

Are there any risks associated with this? Of course. But how can there be anything in the world that is highly profitable and risk-free? If you want to do something, you have to take some kind of risk.

Putting foreign catfish into China's ponds and eliminating protection barriers can force Chinese companies to swim and swim quickly, and if they don't swim again, they will really be eaten by foreign catfish.

But we have confidence.

Third, it is necessary to restore the confidence of foreign investment and help the development of China's capital market.

China wants to develop and make rational use of foreign capital, which is a win-win situation that is beneficial to both foreign capital and China, and we have never rejected foreign investment, but have welcomed foreign investment to China with a very open attitude.

What we oppose and crack down on is only those who eat China's food and want to smash China's pot.

In recent years, the earth has not stopped, very sadly fallen into a worse era, the incremental market is not there for the time being, everyone is desperately rolling in the stock market, the world economy is already very weak, but some countries are still fanning the flames everywhere, creating turmoil, making the already sluggish world economy worse.

China, as a part of the world, is also deeply affected. Combined with factors such as the confrontation between China and the United States and the de-real estate of the economy, our economic recovery is less than expected, and the people dare not consume, obviously feeling that it is difficult to earn money and dare not consume.

The confidence of foreign capital in us is also decreasing, and the outflow of foreign capital is becoming more and more obvious.

Now, we've unleashed this big move, and it's definitely a blockbuster. This is very attractive to foreign capital, the Chinese market is very large, and it is very fragrant to make money in China.

Fourth, for the Chinese people, there are more choices and conveniences.

Many foreign banks and insurance companies are established companies, and I have to say that these companies do have two brushes, otherwise they would not have existed for so many years.

The entry of these companies into China will inevitably bring differentiated products and services, which is more choices and more convenient for users, which is something we like to see.

Fifth, the introduction of foreign banks will help alleviate the current pressure on domestic banks.

At present, the number of deposits of Chinese residents has reached a record high.

In the past, in order to be able to pull more deposits, banks that lacked deposits would raise deposit interest rates, and would send rice, oil, and all kinds of things, but now there are more bank deposits, plus RRR cuts, and more funds are available, but the money is not easy to lend out, and the deposits have to pay interest in their own hands, which is a burden.

The latest rate cut by banks is to ease the interest burden on banks.

In the future, it is a high probability that China will maintain low interest rates. Until there are better investment assets in China, residents' deposits will not decrease.

Against this backdrop, allowing foreign banks to enter China can reduce the interest burden on domestic banks.

Sixth, being in line with international standards is an inevitable choice for China to participate in international competition.

China is no longer the China of the past, and what China needs to do now is not to worry about people coming to eat us, but to go out and make money all over the world.

Before you know it, China's interests are already spread all over the world. Since we want to do business with the whole world, then our financial field will certainly not be isolated from the world all the time, and it is inevitable to open up and integrate with international standards.

In the future, China will inevitably be a country with a higher and higher degree of internationalization, and there will be more foreigners, and it is not surprising that there are banks and insurance companies opened by foreigners.

Essentially, foreign banks, foreign insurance companies, and foreign schools are no different from visiting a foreign country.

Foreign banks and insurance companies can also make it easier for foreign companies to do business in China.

Finally, I would like to say that it is "overkill".

You may think that this is a bad word, the force is too big, a little too much, and it produces ***

Sometimes, however, it may take 120 points to force a policy to achieve a 100 effect. It seems to be a fierce drug, but the effect may be just right.

Overkill, perhaps just "positive".