Jiang Xipei: Stability of financial market is controllable

     Link to original: http://bank.hexun.com/2015-09-10/179002455.html

    On the Davos Forum in the summer of 2015, the issue of financial stability drew much attention. The topic of financial storm has been mentioned frequently. Jiang Xipei, BOD Chairman and CEO of Far East Holding Group, expressed, when interviewed by cebnet, that the speech given by Premier Li Keqiang about “China has defended the systematic financial risk” was inspiring. He believed that the overall stability of the financial market was controllable.

    It’s learned that on Sept. 9th, Premier Li Keqiang expressed when he met with the celebrities of various fields that an abnormal movement happened in July’s stock market in China and relevant authorities had taken measures to stabilize the market so that the systematic financial risk could be prevented. The capital market of multiple levels would be promoted and a market-oriented capital market would be insisted in the next stage. The risk of debt of Chinese government was controllable because the debt of central government counted for only less than 20% of the total debt and income could be earned from the debt of local government. It’s unnecessary to worry that the debt would cause a serious crisis. The reform of financial system would be continued in China and it’s necessary for financial stability in China and the opening up policy of China.

    In addition, Jiang Xipei also expressed his opinion about the significant fluctuation in stock market. He believed that the value of stocks would be realized as long as the reform was insisted and the development and constant profitability of a company was maintained.