The trend of financial reform digital currency

3. Digital currency exchange brings a lot of influence to the financial circle, because it is very convenient if there is no cash currency in the future.

4. At present, there is no digital currency in our country. The so-called digital currency is just a tool for interest groups to extract the hard-earned money of the working people. Don't be fooled into brainwashing.

5. The future of money is hard to predict, but virtualization and digitization are a big trend. Digital portable, energy saving, environmental protection, fast payment and other advantages are more and more respected and welcomed by people. The rapid development in China is the best example. Of course, the emergence of bitcoin has overturned people's understanding and definition of traditional currency. Bitcoin can solve some problems and shortcomings of legal currency. For example, people are dissatisfied with the devaluation caused by excessive currency issuance, the differentiated services in the traditional financial field, and people's need for privacy. Of course, bitcoin also needs to be acquired, and the cost is high. For example, bitcoin mining needs professional ASIC mining machines. These professional ASIC mining machines are expensive, but people still tend to be like cranes, indicating that bitcoin mining is still profitable. For example, the current price of the famous Avalon III 800g miner is 4.17 bitcoins, about 13000.

6. Since the financial crisis, the main task of international financial regulatory reform is to repair the "fault line" that caused the crisis, enhance the security and stability of the global financial system, and better meet the financial needs of the real economy. Financial stability system includes: good macroeconomic environment, stable financial institutions, deep and wide financial market, effective financial safety net and perfect financial infrastructure. There are three levels to strengthen financial supervision: one is the micro Prudential level, mainly to enhance the robustness of indivial banking institutions, including capital adequacy, liquidity, leverage, large amount of risk concentration, corporate governance, risk culture and so on. The second is the macro Prudential level, which is mainly to prevent the transmission of systemic risk and alleviate Pro cyclical problems, including solving the problem of "too big to fail", resolving the shadow banking risk and strengthening the counter cyclical capital supplement. Third, strengthen financial infrastructure construction, mainly improve accounting, audit, external rating, crisis management, OTC, central counterparties, benchmark interest rates, etc
there are five trends in the reform of international financial supervision. First, take Basel III capital regulation as the core, cover all kinds of risks, take a more cautious attitude towards model measurement, and introce a simple leverage ratio. Second, identify global systemically important banks (g-sibs), improve regulatory intensity, and formulate recovery and disposal plans. Third, from focusing on banks to focusing on non banks, including g-sii, g-nbni and shadow banks. Shadow banking includes five economic functions: collective investment such as fund and trust; wholesale financing such as finance company, leasing and factoring; margin trading such as securities dealers and money brokers; credit guarantee such as financing guarantee and credit guarantee; asset securitization entity such as SIV and ABCP. Fourth, the international consistency of standards implementation should be emphasized. Standards should have a unified scope of application, a unified schele, and evaluation should be implemented simultaneously, with consistent rules and implementation. Fifthly, seek multiple goals, balance simplicity, and improve comparability and risk sensitivity
it is suggested that China's financial supervision should always grasp the dynamic changes of risks, guide institutions to establish a good risk culture, reasonable corporate governance tools and appropriate incentives. We should improve the macro vision and pay attention to the sequence and internal logical consistency of regulatory measures. We should pay attention to the superposition effect of policies, strengthen the coordination of supervision outside China, and strengthen the coordination of financial supervision with monetary policy, fiscal policy, instrial policy and other macro policies inside China, so as to improve the overall macroeconomic stability. At the same time, we should strengthen the construction of regulatory rules, improve the ability of effective supervision, and avoid incing regulatory arbitrage and increasing the burden of supervision e to too complex rules. We should attach importance to the role of traditional regulatory means and put pressure on the board of directors and senior management of banks through effective supervision. We should further play the role of information disclosure and market restraint.

7.

The internationalization of financial market is one of the development trends of financial business. The development of financial market goes beyond the limitation of national boundaries, and is increasingly integrated with the world finance, and graally tends to global integration. Since the 1970s, the trend of financial market internationalization has become increasingly obvious and accelerated. The main manifestations are as follows:

1. Transnational financial institutions. Not only developed countries have set up a large number of transnational banks in the world financial centers, but also developing countries have set up a number of offshore financial centers and financial institutions

(2) internationalization of financial asset management. With the establishment of European money market, European bond market and global stock market, people can operate the monetary and financial assets of any country in the world on the offshore market

(3) currency internationalization. The function of gold as the world currency has been degenerated. People can transfer the purchasing power of money among countries through international exchange. Not only the US dollar, Deutsche mark, British pound and Japanese yen can be used as international settlement currencies, but also a large number of currencies of medium developed countries and even developing countries have graally become freely convertible currencies, developing towards the direction of world currency

As a whole, I am optimistic about the future financial market. From the perspective of the next five years, the driving force of the financial market is full. The upgrading of manufacturing instry and related reforms will continue to get the support of instrial development and policies. Under the effect of financial deleveraging and financial supervision, monetary liquidity will basically maintain a neutral tight basic pattern, With the effectiveness of the relevant measures of de capacity and de virtual into real, the risk is expected to be effectively improved, the consumption upgrading, instrial upgrading, the accelerated development of the Internet, the regional coordinated development and other structural forces are active, and the financial endogenous structure is also undergoing positive changes

< H2 > financial market development

9. Financial instry is a traditional instry, but also a developing instry in China, which is closely related to our life. First of all, all
people from all walks of life and instries need financing. Whether long-term or short-term capital needs, whether domestic or overseas cash needs, whether immediate or long-term capital needs, the financial instry can meet these needs. Secondly, enterprises or indivials who earn a little money need a place to store or use their money, which can be met by the financial instry. Moreover, with the opening up of China's financial instry, the entry of foreign banks, and the reform of domestic financial mechanism, private financial institutions and insurance institutions will also increase,
the financial instry has a good development prospect in China,
students with better financial professional ecation will have a lot of development opportunities
more information can be found on foresight.com
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10. That is to say, the government will invest wherever it goes. There are a lot of bad debts, no matter in rural or urban areas. It's all the same. If this problem is not solved, it is nonsense to ask which toilet cover is more concive to financial development