Director of capital research center, China University of Political Science and Law

Liu Jipeng said that in order to control the systemic risk of banks, we put forward a prudent monetary policy aimed at reducing bank credit, but now we have to raise funds for banks.

Banks are listed on such a large scale. At the same time, the world's four largest banks are in China. A listed bank can easily move to three hundred billion billion shares. In the current policy, they are becoming more and more dependent on the four major banks.

"How did dinosaurs go extinct? They bite off the food chain of nature. In fact, we should consider that if banks do not analyze the issue of listing and financing, our banks will go down this road, and this road is really heading for the death of dinosaurs."

Liu Jipeng said so at the meeting.

The speech aroused the enthusiastic applause from the whole audience. He criticized the current capital market system in China, especially the issue of the Growth Enterprise Market: "in the heart of things, I talk about the delisting of the gem all the time, and the gem is in the state of burning money at present. I think there is still a lot of waste in the 2-3 years, and there is still a huge waste in the gem. It is clear that the small and medium enterprises can have 500 or 600 houses. Only 158 of them are on the market." this is called the gem. You don't have a large number of listed companies to talk about delisting, and the access system of the NASDAQ is totally different from ours. Professor Liu Jipeng at the meeting

At the same time, for the current inflation problem, he told the "finance and economics" reporter: "inflation below 5% is considered benign. At present, the root of inflation is brought about by the excessive currency. In 2011, how to develop the stock market is the key policy. The policy should introduce money into the capital market and serve the real economy.

I believe that while promoting prudent monetary policy, we should also launch a positive stock market policy. "