构建中国特色资本市场的几个问题（Several problems of constructing capital market with Chinese characteristics）.docVIP

构建中国特色资本市场的几个问题（Several problems of constructing capital market with Chinese characteristics） Several questions about building capital market with Chinese characteristics Zhou Zhengqing: Ladies and gentlemen, ladies and gentlemen, it is a great pleasure for me to attend the China Merchants Securities conference, and the speech topic I dedicate to you today is a few questions concerning the construction of a Chinese characteristic capital market. I would like to make two questions. The first question is the reflection of the financial turmoil. From the subprime mortgage crisis in the United States triggered by the global financial crisis, this unexpected change can not but arouse profound reflection. Why is the American dream often called American Nightmare? The Wall Street collapsed in a moment. Why did the most stringent regulatory and most effective market instruments often publicize such a serious financial disaster? In the dazzling aura under the cover, it is regulation failure, internal space, intrigues, all transparent. The worlds five largest investment banks, three collapse, two precarious, forced to transition to the traditional commercial banks. The three rating agencies have made a difference in their profession and even sold their souls to the devil. Only a short while ago, the countries cited authoritative economic review, is the expert opinion of these companies, the world financial market credit rating are three major rating agencies monopoly, now it was found that these experts even their disease cannot be cured, it is about people talk rapidly. Some of the financial institutions in the United States, which operate in accordance with market rules, have full freedom and have high rating scores, are either bankrupt or merged. What should I do to explain this? Facts speak louder than words., this financial disaster caused from the United States, marks the system that shattered the myth, in the era of globalization, the competitive advantage was the emer