标签： 乐上海 2021魔都新茶论坛

People’s Daily： A Deep Understanding of Stable Finance

Abstract: Finance is the core of modern economy, which is active in finance and economy. Financial stability and economic stability. Doing a solid job in stabilizing finance is not only an important task to prevent and resolve major risks, but also an important prerequisite for maintaining sustained and healthy economic development and promoting high-quality economic development. It is necessary to clarify the focus of stabilizing finance and work hard to stabilize financial services, financial policies, financial operations, financial markets and financial openness; We will not only actively and steadily launch short-term measures to stabilize finance, but also focus on building a long-term mechanism to stabilize finance, consolidate the economic system foundation for stabilizing finance, improve the macroeconomic policy framework for stabilizing finance, and improve the financial risk response mechanism.
习近平同志在中央政治局第十三次集体学习时指出，金融是国家重要的核心竞争力，金融安全是国家安全的重要组成部分，金融制度是经济社会发展中重要的基础性制度。改革开放以来特别是党的十八大以来，我国金融业发展取得历史性成就，金融改革开放有序推进，金融产品日益丰富，金融服务普惠性增强，金融监管得到加强和改进。但也应清醒认识到，我国金融业的市场结构、经营理念、创新能力、服务水平还不适应经济高质量发展的要求，诸多矛盾和问题仍然突出，防范化解系统性金融风险、提高金融服务实体经济能力的任务还很艰巨。深刻认识稳金融，扎实做好稳金融工作，既是防范化解重大风险的重要任务，也是保持经济持续健康发展、推动经济高质量发展的重要前提。
Clarify the focus of stabilizing finance and create a stable and safe financial environment for economic development.
Finance is the core of the modern economy and the blood of the real economy, and the two coexist and prosper together. On the one hand, financial activities, economic activities; Financial stability and economic stability. On the other hand, the economy is booming and finance is booming; Strong economy and strong finance. To do a solid job in stabilizing finance, we must improve the ability of financial services to the real economy, meet the needs of economic and social development and the people, focus on stabilizing financial services, financial policies, financial operations, financial markets, and financial openness, and continuously deepen structural reforms on the financial supply side to create a stable and safe financial environment for effectively coping with the downward pressure on the economy, preventing and resolving major risks, and promoting high-quality economic development.
Stabilize financial services. Serving the real economy is the bounden duty of finance, the purpose of finance and the fundamental measure to prevent financial risks. For some time, China’s financial system has a tendency of "deviating from reality to virtuality". Problems such as idling of funds within the financial system, self-circulation or excessive flow to the real estate market have caused the financing cost of the real economy to rise, and problems such as difficult and expensive financing for enterprises have become prominent. To stabilize financial services is to focus on solving the problems of financial "detachment from reality to emptiness", self-idling, self-circulation, etc., especially to solve the problems of financing difficulties and expensive financing for private enterprises and small and micro enterprises. Financial institutions should take serving the real economy as the starting point and end result of financial work, allocate more financial resources to key areas and weak links of economic and social development, and better meet the diversified financial needs of the real economy.
Stabilize financial policy. The Central Economic Work Conference held at the end of last year pointed out that a prudent monetary policy should be moderate, maintain a reasonable and sufficient liquidity, and improve the transmission mechanism of monetary policy. This has released a clear signal to stabilize the financial policy. At present, we should pay attention to the following aspects: First, smooth interest rate transmission channels. We should grasp the ultimate goal of monetary policy, continue to promote the reform of interest rate marketization, and strengthen the forward-looking guiding role of monetary policy. The second is to improve the credit transmission efficiency of monetary policy. Commercial banks play an important role in the credit transmission of monetary policy. To improve the credit transmission efficiency of monetary policy, it is necessary to strengthen competition, improve the market-oriented operation level of commercial banks, improve the credit resource allocation efficiency and risk management ability of commercial banks, and reduce the improper intervention of local government departments on commercial banks. Third, pay attention to the coordination of monetary policy and fiscal policy. While implementing a prudent monetary policy, we should give full play to the role of fiscal policy, reduce the cost of enterprises through large-scale tax reduction and fee reduction, stimulate the willingness of enterprises to invest, and guide enterprises to expect steady economic growth in China. At the same time, under the premise of controlling the total debt scale, the scale of local government special bonds will be greatly increased, and the local government debt risks will be handled steadily.
Stabilize financial operation. In the past period, China’s financial sector has a wide range of risk points, accumulated potential risks and hidden dangers, and the fragility of financial operation has increased. With the continuous strengthening of financial supervision, various measures to prevent and resolve financial risks have been introduced one after another. China’s financial risks have generally converged, the stability of financial operations has been significantly enhanced, and the tough battle to prevent and resolve financial risks has achieved initial results. But we should also see that the task of stabilizing financial operation is still very arduous. It is necessary to take effective measures to continue to focus on solving financial risks in key areas such as local government debt and real estate market, further lay a solid battle to prevent and resolve financial risks, and create a stable and safe financial operating environment for supply-side structural reform and high-quality economic development.
Stabilize the financial market. Capital market is an important part of financial market, and strengthening the construction of capital market system is an important guarantee to stabilize financial market and enhance the ability of financial services to the real economy. We should pay attention to improving the quality of listed companies, strengthen the governance of listed companies, strictly withdraw from the market and disclose information, effectively protect the interests of investors and reduce administrative intervention in market transactions. Further deepen the reform of financial markets and financial institutions, alleviate the phenomenon of information asymmetry and market segmentation in financial markets, improve the credit evaluation system, develop the bond market, and maintain the reasonable and moderate development of non-credit financing. At the same time, pay close attention to the possible negative impact of short-,medium-and long-term changes at home and abroad on China’s financial market, identify and predict risks in advance, introduce and implement risk disposal measures in time, and stabilize financial market expectations.
Stabilize financial openness. Expanding the opening up of the financial industry is not only the need to build a modern economic system, promote the formation of a new pattern of comprehensive opening up, accelerate the internationalization of the RMB, and deeply participate in global economic governance, but also the need to promote the recovery and development of the world economy and establish a more just and reasonable international financial order. To promote financial opening, we should be active and steady. First of all, effectively deal with the impact of the Federal Reserve’s interest rate hike and other factors on China’s financial opening up, and prevent serious capital outflows and sharp depreciation of the exchange rate due to changes in the external environment. Secondly, take external factors as long-term variables to maintain financial stability, expand financial openness, prevent and resolve financial risks, and maintain steady economic growth, prepare for a rainy day, accurately judge and properly deal with the risk resonance that may be caused by changes in the external environment. Third, put the task of financial reform and opening up in place, and study and promote new measures of financial reform and opening up in a timely manner according to changes in the international economic and financial situation and the needs of China’s development strategy.
Coordinate implementation and take the initiative to do a solid job in stabilizing finance.
To do a solid job in stabilizing finance, we should make overall plans and take the initiative to deepen the structural reform of the supply side of the financial industry on the basis of clarifying the focus of stabilizing finance, actively and steadily introduce short-term measures to stabilize finance, and strive to build a long-term mechanism to stabilize finance, and work hard to consolidate the economic system foundation of stabilizing finance, improve the macroeconomic policy framework of stabilizing finance, and improve the financial risk response mechanism.
Consolidate and stabilize the economic system foundation of finance. The healthy development of the real economy is an important foundation for preventing and resolving risks and doing a good job in stabilizing finance. It is necessary to implement the spirit of the Central Committee, accelerate the reform of the economic system, improve the property rights system and the market-oriented allocation mechanism of factors, make the market play a decisive role in resource allocation, give better play to the role of the government, improve the efficiency of resource allocation, enhance the vitality of micro-subjects, build a solid institutional foundation for steady economic growth, and provide strong support for stabilizing finance. Deepen the market-oriented reform of the financial system with the market-oriented reform of interest rate, exchange rate and national debt yield as the core; Supported by the inter-bank market, foreign exchange market, bond market and stock market, we will constantly improve the financial market system, financial institution system, financial product system and the institutional mechanism of financial services to the real economy, and consolidate the institutional foundation for long-term and stable financial development. Improve the system of financial practitioners, financial institutions, financial markets, financial operations, financial governance, financial supervision and financial regulation, and standardize financial operations.
Improve the macroeconomic policy framework for financial stability. There is a strong internal correlation between macroeconomic policies such as fiscal policy and monetary policy and financial stability. According to the deployment of the Central Economic Work Conference held at the end of last year, we should strengthen the countercyclical adjustment role of fiscal policy and monetary policy, continue to implement a proactive fiscal policy and a prudent monetary policy, focus on stabilizing aggregate demand, and create a good macroeconomic environment for stabilizing finance. The proactive fiscal policy should be strengthened to improve efficiency, implement larger-scale tax reduction and fee reduction, and greatly increase the scale of local government special bonds; A prudent monetary policy should be moderately tight, maintain reasonable and abundant liquidity, improve the transmission mechanism of monetary policy, increase the proportion of direct financing, and solve the problems of financing difficulties and high financing for private enterprises and small and micro enterprises.
健全金融风险应对机制。防范化解金融风险特别是防止发生系统性金融风险，是金融工作的根本任务。要加快金融市场基础设施建设，稳步推进金融业关键信息基础设施国产化，健全及时反映风险波动的信息系统。加强金融业反腐败力度，强化对金融机构、金融监管部门主要负责人和中高级管理人员的教育监督管理。强化对重要金融市场的监控，保持防泡沫、去杠杆、防风险的政策定力，继续推进金融机构和金融市场去杠杆。重视房地产市场的风险管控，坚持“房子是用来住的，不是用来炒的”定位，建立健全房地产市场稳健发展的长效机制。加快财税体制改革，理顺中央与地方财政关系，稳步化解地方政府债务风险。完善经济可持续发展的体制机制，稳定市场预期和人民币汇率预期，保持国际收支稳健和人民币汇率相对稳定。
（作者为中国社会科学院财经战略研究院院长、习近平新时代中国特色社会主义思想研究中心特约研究员）
本版制图：张芳曼 郭 祥
《 人民日报 》（ 2019年03月20日 09 版）
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The number of single women of school age in China has exceeded 100 million, and they have no ＂back road＂ after being killed.

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Marriage is the only way in life. Marriage can change a person’s life.

Can make a person’s life change dramatically.

In any country and culture, when an individual reaches marriageable age,You should leave family of origin, find your partner and start your own small family.

As the saying goes, men should marry when they are older, and women should marry when they are older, which is influenced by the traditional culture of China.

Marriage can be regarded as a top priority in one’s life.

For most young men and women of marriageable age,

Once the task of getting married and having children is not completed within a certain age, parents and relatives will urge them to get married.

If there is a large-scale phenomenon that men and women of marriageable age do not get married, it will gradually lead to social,

The imbalance between male and female population, the declining marriage rate, the declining birth rate and the aging population.

Take Japan, a developed country close to us, as an example, because there was a large-scale feminist movement,

The relationship between men and women in Japanese society has been greatly affected.

Nowadays, not only young women in Japan don’t want to get married, but men also reject marriage life.

For them, getting married is not as good as playing games at home.

Some people say that the Japanese government is facing a serious population problem, and the birth rate is declining.

The phenomenon of population aging is becoming more and more serious, and the ratio of male to female is seriously out of balance.

Many men began to commit selective crimes because they could not meet their inner sexual needs.

As a result, the crime rate in Japan has soared.

However, some women also have no enough ability to support their own life, and finally they can only choose the career of sex.

A similar phenomenon has appeared in our country now, and many women have begun to refuse to get married.

Men want to get married but can’t find a partner, and some of them are uncomfortable, because the huge economic pressure is also relatively exclusive to marriage.

With the gradual change of young people’s thoughts, their views on marriage have also changed dramatically.

If married life is bound to tie your hands and feet, it is better to live a single life freely.

Because of this, there are a large number of older unmarried young people in our society today.

According to the census data, since 2013, the marriage rate in China has been declining.

In 2014,Marriage in China is only9.9%By 2018, the marriage rate in China has dropped to7.2% 。

Nowadays, the number of unmarried young people of school age in China has reached 240 million, of which the number of unmarried women has exceeded 100 million.

People have long been familiar with the problem of single women in China, so what causes these problems?

Why is there such a state of imbalance in our congress?

The reasons leading to this phenomenon are complex and long-term, and Rome was not built in a day.

Influenced by economic globalization, the economies and cultures of various countries are deeply blended.

Many young people in our country have been influenced by western ideology and culture.

Westerners advocate liberalism and like to live freely.

Moreover, after the feminist movement, the per capita education level in China has gradually improved.

Women’s self-awareness began to grow, and they began to want to pursue their ideal life.

So they began to pursue their studies and careers, different from women in traditional society.

They can receive education equally, and they don’t need to be like women in the past.

Put all your time and energy into the family, become an accessory of men, and become a tool for giving birth to children.

At the same time, with the continuous development of society, people’s material living standards are getting higher and higher.

The cognitive level is constantly changing, and today’s women are more inclined to be themselves.

The continuous improvement of women’s social status also helps them to pursue the life they want.

The existence of this phenomenon has two sides, which not only represents the continuous progress of human society,

But it also makes many women fall into the trap of being "killed".

Influenced by traditional ideas, many people in today’s society still have the idea of favoring boys over girls.

Many imaginations in today’s society seem to be beneficial to women, but in fact they are killing women.

Nowadays, people’s material living standards have been greatly improved.

The improvement of women’s social status also leads them to live a princess-like life since childhood.

It is this kind of love that laid the groundwork for them to be "killed" in the future.

Many women can’t adapt themselves to all kinds of problems when they first enter the society.

In the face of all kinds of trivial matters, they always take care of themselves, not to mention taking care of their families and children.

This will cause many women to be immature when they reach marriageable age.

Because of this, many women now only meet their own needs, just be happy.

I can be my own queen.

Everyone has different attitudes towards life, and it is understandable that some women choose this lifestyle.

But most people can’t live alone without their families in the end.

Then maybe try to change your mind and find a suitable partner to make your life more substantial and rich.

The End –

Author | Tommy Da

Edit | Houhai

Reference: Jean Piaget Biography. (2020, January 29)

Cape Verde simply can’t understand the unique skill of China men’s basketball team, and there are still big tricks behind Qiao Shuai.

Cape Verde simply can’t understand the unique skill of China men’s basketball team, and there are still big tricks behind Qiao Shuai. Netizens hit the nail on the head and pointed out: Qiao Shuai brought something really different, emphasizing defense without losing tactics, and attacking smoothly. Coupled with the rise of young strikers, perhaps this men’s basketball team may reproduce the glory of 2008! Zhao Jiwei, Zhu Junlong, Cui Yongxi, Zhang Zhenlin and qi zhou are the five best performers in this competition. Zhao Jiwei is the brain of this team, and no one can replace him. Zhu Junlong is conscientious, Cui Yongxi and Zhang Zhenlin are the two most reliable people on the offensive end. This is the case with African teams. Players can jump and fly, but their tactical accomplishment is poor, and they basically rely on going it alone and pulling it out. China’s tactical system and tactical accomplishment are much higher than those of African teams.

Therefore, I estimate that in the final World Cup group match, China should not make it, but the score should not be too ugly. Qi zhou is still depressed by that feeling, but he has played better than others. Wang Zhelin actually played very well, but the free throws were too bad. He scored zero in two, zero in one and zero in two. Hu Jinqiu felt that his tactical position was too low, and he was weakened. Without the ball, CIC and the organization could not play it out, and he was quite right. Fang Shuo is still that nerve knife, dare to throw it, and brought a sight today. Zhao Rui is really a long story, there is no resistance to weaving, and a breakthrough has succeeded. Facts have proved that foreign coaches will lead the team, and Zhou Peng is still always angry and fighting with the opponent and the referee. He used to have three points in defense, but now he has a temper.

He Xining, Fu Hao and Hu Mingxuan have too little playing time to comment. Looking down from the audience, although the opponent was black, the China team fought well and played too few defensive counterattacks. Last season, the league encouraged confrontation, so now players are much better against each other. On several occasions, the opposing players tried to hit qi zhou, Hu Jinqiu and Zhang Zhenlin on the back, but they were basically not impressed. Today’s game is generally good, and the front line is relatively strong. If you really want to pick a thorn, some defenders will continue to collapse. Cape Verde is not famous, but it is still a bit powerful to beat Nigeria. The strength of the African team is really erratic. Why don’t we feel strong when we can beat the team in Nigeria? Is it because we are strong this time? I hope so.

He Xining really has problems with running tactics and holding the ball. Two mistakes in the second half are really wrong! Peter said that after my brother Xuan finally played, it was obviously the Cantonese style of play, and everyone stopped and didn’t run, forcing Hu Jinqiu to shoot three points himself and scored! Although a small European country has a small population, its basketball level is not low, and its strength is much stronger than that of ordinary European countries. I have to say that the gap between foreign coaches and local professional ability is really big. We don’t jump to conclusions about players by one game, especially don’t blow the air and step on the ground. Generally speaking, we have made great progress, especially the players are full of confidence and have new skills and tactics. Zhou Peng can abdicate. He is in the same position as the plan. With the plan, you don’t need to go to Zhou Peng. There are a lot of young people who need to defend. For example, Zhu Junlong never slackens his defense.

What do you think of this?

Sun Yingsha lost 4-0 to Chen Meng, which is abnormal？ Don’t just watch the big score.

Some people watch the game and only watch the "big score".

In the WTT Macau Championship in 2023, Sun Yingsha lost 4-0 to Chen Meng in the women’s singles semi-final, and some people felt abnormal.

Last week’s WTT Xinxiang Championship was also a semi-final in women’s singles. Chen Meng lost 4-0 to Sun Yingsha. I wonder if they also felt abnormal?

In WTT Xinxiang Championship, Sun Yingsha scored 4-0 in Chen Meng, and the scores of the four sets were 11-5, 11-5, 11-7 and 11-6.

The score of four games failed to hit the key points, so it can be said that Chen Meng was completely defeated.

In the WTT Macau Championship, Sun Yingsha of Chen Meng scored 4-0, and the scores in four sets were 16-14, 11-6, 11-8 and 11-9.

Chen Meng and Sun Yingsha won the first game 10-9, and then Chen Meng tied the game and won five games in a row, only to win narrowly 16-14.

Sometimes, a small score per game is more telling.

Compare another women’s singles semi-final, although Manyu Wang won Wang Yidi 4-2, but this game is less suspense than Chen Meng’s 4-0 win over Sun Yingsha.

Manyu Wang 4-2 Wang Yidi, the score of six games: 7-11, 11-9, 11-9, 11-6, 5-11, 11-4.

Manyu Wang is tall and arm-length, and her movements will not be restored very quickly, which determines that her forehand and backhand cohesion will not be very smooth in the near stage. What Manyu Wang is afraid of is the players with fast convergence speed and not weak strength. In the face of fast players, she often has to quit the stage and exchange distance for reaction time.

Only with speed and strength, it is possible to penetrate Manyu Wang’s defense.

However, Wang Yidi is not a speed player, and her playing style also depends on the quality of her own veneer, which is similar to that of Manyu Wang.

However, compared with Wang Yidi, Manyu Wang has stronger rotation in returning the ball and higher veneer quality. From a fundamental point of view, Manyu Wang’s strength is higher than Wang Yidi’s.

Therefore, regardless of Manyu Wang’s four-to-several win, as long as it is a best-of-seven game, the chance of surprise is very small. Under normal circumstances, it is only a matter of time before Manyu Wang defeats Wang Yidi.

However, in the semi-final between Chen Meng and Sun Yingsha, after 9-9 in the fourth game, if it wasn’t Chen Meng’s serve wheel and Chen Meng’s serve, but Sun Yingsha reversed the game, the result of the following game would be hard to say.

Before the game, when analyzing the match between Chen Meng and Sun Yingsha, I said: Chen Meng was in a particularly good state this time, and Sun Yingsha experienced high-intensity events in a row, and her state declined, which may add a little suspense to this semi-final.

For players with equal strength, the recent competitive state of the players is very important, and the players’ improvisation has a great influence on the results of the game.

Fan Zhendong’s 3-2 reversal of Lin Shidong in the men’s singles quarter-final of WTT Xinxiang Championship last week is a typical example. Lin Shidong got the match point 10-8 in the fourth game, but Fan Zhendong tied the score. Finally, Fan Zhendong reversed 13-11 to win the fourth game and was tied with a big score. Fan Zhendong won the deciding game 11-8. Moreover, Fan Zhendong finally won the men’s singles championship in Xinxiang Championship.

A game, one or two key points, may lead to a world of difference.

In table tennis, besides paying attention to who wins and who loses, it is better to look at the score of each game.

I’m interested in going to see the players’ respective service wheels, return balls and so on. If you are still interested, then learn about various services, techniques and tactics, table tennis equipment and so on.

So, don’t stop at the level of "0-4 lost". Players are improving, should old fans keep pace with the times?

As for some "extreme fans", they think that the players they like can only win but not lose. Losing is abnormal and fishy. Don’t apply the "rice circle" to competitive sports. Isn’t it good to chase the stars in the entertainment circle?

Bo Yu said sports： Premier League Rome is considering hiring De Zerbi to replace Mourinho, but Tottenham Hotspur and Chelsea are also.

On the other hand, the defense has obviously regressed. The opponent’s shots per possession increased by 27%(0.10), and the average xG was similar. The number of goals per game in Manchester City increased from 0.7 to 1.0. Whether it’s because Guardiola tried his staff to make the best use of Harland-which, among other things, led to the bench of full-back Joao Cancelo and eventually loaned it to Bayern-or because of the conscious retreat of the World Cup in terms of pressure and efforts (Manchester City players played more time in Qatar than any other club), Manchester City’s pressure was more passive and ineffective. Excellent opponents are particularly comfortable and productive for them: in eight games against the top six teams in the Premier League, Manchester City scored a goal in 13 shots (81.10 times per game), worth 11.6 xG.

Please note that Manchester City also scored 19 goals and scored 13 points in these eight games, but Manchester City did not control the situation as usual. Put some terrible luck into a close game-in a game decided by 1-2 goals, the average score per game is 0.1 (the average score of the other four teams in England is 2.1)-and we can see how Manchester City has left the door for Arsenal to break in at present. This also brought RB Leipzig back to the first leg of their last 16 Champions League (final 1-1 draw), and there is still some work to be done before they can advance next week.