The stock market transaction is booming, and the growth rate of added value of financial industry reaches a new high of 19 quarters

category:Finance
 The stock market transaction is booming, and the growth rate of added value of financial industry reaches a new high of 19 quarters


According to the statistical accounting method, the quarterly added value of financial industry is mainly calculated based on relevant indicators. Specifically, the financial industry is divided into banking industry, securities industry and insurance industry in statistical accounting, and the quarterly added value of financial industry is calculated with the growth rate of RMB deposit and loan balance, the growth rate of stock transaction volume and the growth rate of premium income.

The substantial growth of stock trading volume in the third quarter of this year has become an important reason for the recovery of value-added growth in the financial industry. According to wind data, the turnover of Shanghai and Shenzhen stock markets reached 54.2 trillion in the third quarter of this year, up 78% compared with the same period last year.

First, the increase of the added value of the service industry is the requirement of the national five-year plan, and the increase of the added value of the financial industry is often the most effective way to improve the added value of the service industry, which is not only fast but also very high-end. The second is the promotion of financial innovation since 2012. Third, financial service charges are high. Fourth, the added value of financial industry has not been adjusted by risk.

The reason why the added value of our financial industry is high is that we do not take risk and loss into account. At present, risk adjustment is also advocated internationally. The eurozone has done such a simulation, if adjusted for risk, financial returns will fall by 40%. He said.

Liu Qiao, Dean of Guanghua School of management at Peking University, believes that financial value-added is an indicator to measure the intermediate costs incurred by the financial industry in providing financial support. The higher the proportion of financial added value in GDP of a country, the higher the cost of financial intermediation.

In other words, there are a large number of intermediate links in the process of transforming the one yuan savings into one yuan investment in financial institutions. A large number of participants provide different services and charge fees, which eventually leads to the high value-added financial enterprises. This means that the cost of financial intermediation in China is too high. There is a very important problem behind this, that is, we overemphasize the scale of finance, and lack more attention to the structure and quality of finance. This has also led to a higher and higher proportion of the added value of the financial industry in GDP, but the real economy has not benefited from it in equal proportion. From the perspective of financial support to the real economy and the improvement of financial efficiency in resource allocation, Chinas financial system still has a long way to go. Liu qiaoru concluded. Source: Yang Bin, editor in charge of economic report in the 21st century_ NF4368

In other words, there are a large number of intermediate links in the process of transforming the one yuan savings into one yuan investment in financial institutions. A large number of participants provide different services and charge fees, which eventually leads to the high value-added financial enterprises. This means that the cost of financial intermediation in China is too high.