Title: Private Finance: Indispensable in Financial System
Abstract: In socialist market economy, private financing is important and indispensable in its financial system, which has developed in particular ways with the definite advantages of system, information, cost, and speed over the official financial sectors. During the period of China's economic reform and openness, private financing has been having an impact on motivating the economic development. To guide and support the private finance, we firstly need to establish corresponding and sound laws and regulations, and effective legislation is needed to protect the private financing environment. Secondly, we need to establish and consummate private financial organizations, and give corresponding organizational support for the private financing development. Thirdly, we need to construct a service system for private finance, and improve the exterior environment of it.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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