Liu Yuanchun: The differentiation between world finance and the real economy is still within a relatively reasonable range

Liu Yuanchun, Vice President of Chinese Min University. Photo by Bi Shanghong, Xinhua Net

BEIJING, Oct. 21 (Xinhua) -- The first Global Fintech Summit was held concurrently with the 2021 Financial Street Forum Annual Conference. On the morning of October 21, nearly 100 guest representatives from international economic and financial organizations, domestic and foreign financial regulatory departments, macroeconomic management departments, leading financial institutions and representative enterprises attended the sub-forum hosted by Xinhua Network on the topic of "Financial Innovation and High-quality Development of serving the Real Economy". Liu Yuanchun, vice president of Chinese Min University, pointed out in his speech that the differentiation between world finance and the real economy is still within a relatively reasonable range.

Liu Yuanchun believes that the driving force of changes in the global financial market is very complex, and it is not simply necessary to use "bubble" to understand, but must see various structural problems brought about by the impact of the epidemic. The differentiation between world finance and the real economy is still within a relatively reasonable range, under the impact of the epidemic and short-term structural problems, the way to enhance the real economy is not necessarily in the control of finance, and it is still very important for the sustained stimulation and expansion of the real economy.

"The risks to policy exits brought about by a steady recovery may be more difficult to control than the epidemic itself," Liu Yuanchun said, adding that when weighing growth recovery and risk release, it is necessary to pay more attention to short- and medium-term structural issues, so many of the financial policies adopted should be very prudent.