著名经济学家厉以宁(资料图) Renowned economist li yining(Material diagram)

　　华南新闻中心 李宁

South China news agency li ning

　　和讯网消息 9月26日，越秀集团旗下广州国际金融中心（IFC）正式开业。著名经济学家、北京大学社会科学学部主任、教授厉以宁当日在越秀集团主办的珠江金融论坛现场表示，人民币国际化要按阶段划分，大致上要经过三个阶段：首先使人民币成为国际贸易和国际投资中的计价货币；其次使人民币成为国际贸易和国际投资中的结算货币；最后使人民币成为国际上各国承认的国际储备货币。

HeXunWang news on September 26,,Yuexiu group's guangzhou international financial center(IFC)Officially opened.Renowned economist/Beijing university, director of the social science divisions/Professor li yining that day in yuexiu group sponsored by the pearl river financial BBS site said,RMB internationalization by phases,Generally go through three stages:First of all make RMB become international trade and international investment valuation of the currency;Secondly the yuan to become the international trade and international investment of the settlement currency;Finally make RMB become international countries admit that the international reserve currency.

　　厉以宁指出，当前，重要的是要研究人民币国际化过程中是否仍存在的制度障碍究竟应该如何解决（如人民币进出境的管制、资本项目的自由兑换、证券市场、外汇市场和期货市场等的开放）。人民币的国际化是一把双刃剑，怎样才能稳步推进，才能去弊存利，这些都需要统筹安排。

Li yining pointed out that,The current,It is important to study in the process of RMB internationalization whether the system obstacles still exist how to solve(Such as RMB inbound and outbound means of control/Capital project freely convertible/Securities market/The foreign exchange market and futures market open).RMB internationalization is a double-edged sword,How to steadily,To save the disadvantages,These all require comprehensive arrangement.

　　他还认为，人民币国家化的前提是需要两个因素。第一、取决于综合国力；第二、是国外投资者要承认和愿意持有人民币。这些也需要全面考虑，并采取配套措施。

He also thinks,RMB nationalization is the premise of need two factors.The first/Depends on the comprehensive national strength;The second/Is foreign investors to admit and willing to hold the yuan.They also need a comprehensive consideration,And take corresponding measures.

　　对于当前国内的金融体制改革，厉以宁表示，从改革开放开始到现在，金融改革所取得的成绩很大，但应该看到，这仅仅是阶段性的成果，而并非目标模式。在金融改革方面，目前需要完善的、符合社会主义市场经济体制的金融体系，让金融在经济中发挥更大的作用。金融改革还有很长的路要走，如果就此止步，误以为阶段性成果等于目标模式，可能会前功尽弃。

For the current domestic financial system reform,Li yining said,From the reform and opening up the beginning,Financial reform achievements great,But should see,This is only the results of stage,And is not the goal model.In the financial reform,Now needs to perfect/Compatible with the socialist market economy system of the financial system,Let financial in economy plays a more important role.Financial reform still have a long way to go,If standing still,Mistake staggered results equal to the target model,May go down the drain.

　　在厉以宁看来,金融领域当前急需改革存在三个方面。第一、要设法把民间资本引向金融机构，包括容许建立更多的民营金融机构，金融领域应当打破高度垄断的局面，否则只能把民间资本逼到地下金融的道路上去。

In li yining seems,It is urgent to reform the current financial sector are three aspects.The first/Try to put the folk capital to financial institutions,Including allow the establishment of more private financial institutions,The financial sector should break height monopoly situation,It can only be the folk capital forced to underground financial way up.

　　第二、要确定农村的土地产权。“农民没有可以抵押的财产。这同城市居民是不一样的。城市的土地是国有的，祖传的房屋或新购置的商品房，都有产权，有房产证，可以用来抵押。城市居民想创业，想办个小工厂、小作坊、小商店，只要把房子一抵押，用于自主创业的资本就来了。而农民呢？承包地、宅基地、还有宅基地上自建的住房，不管住房修得多高、多宽敞，除试验区以外，都不能用于抵押。”

The second/Want to make sure that the rural land property rights."Farmers no may be mortgaged property.With that of urban residents is different.Urban land is state-owned,Ancestral houses or newly purchased commodity house,Have property right,Have house property card,Can be used to mortgage.Urban residents want to venture,Want to do a small factory/Small mill/Small shops,As long as the house for a mortgage,Used for independent venture capital is coming.And farmers??contracted/homestead/And the land self-built housing,No matter how high housing repair/More capacious,In addition to test site outside,Can used for mortgage."

　　第三、金融体制改革与财政体制改革之间要协调。在宏观经济调控方面，货币政策应与财政政策搭配使用，而在体制改革方面，金融体制改革更应当与财政体制改革协调一致。

The third/The reform of the financial system and financial system reform to coordination between.In the macroeconomic regulation and control aspect,Monetary policy and fiscal policy should be collocation is used,And in the system reform,The reform of the financial system and financial system reform more should be coordinated.

　　对于当前的地方债问题，厉以宁认为，不让地方发债是好事，因为地方发债很难控制，这样债券会积累的越来越大。而再想通过借新债还旧债实际上很难为继，从这一点来看，欧洲目前就是这样的现状，因为投资人不相信政府信用了。

For the current local debt problem,Li yining think,Don't let FaZhai place is good,Because it is difficult to control FaZhai place,Such bonds will accumulate more and more big.And again want to borrow the new debt also old debt actually very hard after,From this point of view,Europe at present is such situation,Because investors do not believe that the government credit.

　　“中国长期存在着‘投资冲动怪圈’的现象，地方政府希望加速发展，要求增加投资，增加信贷，这样，投资加大了，信贷扩张了，经济增长率提高了，通货膨胀也就来临了。中央政府不得不采取紧缩措施，减少投资，减少信贷，于是通货膨胀虽被抑制，但地方政府却深感困难，因为财政收入下降，GDP增长率下降，就业压力增大了。中央政府不得已就再次启动外生力量，刺激经济。如此周而复始，一会儿经济增长率高了，一会儿经济增长率又低了，这表明内生机制没有充分发挥作用，主要靠外生力量在调控经济。”厉以宁讲到。

"China's long-term exist‘Investment impulse circle’phenomenon,Local governments hope to accelerate the development of,To ask for an increase in investment,Increase credit,this,Investment increased,Credit expansion the,Economic growth rate increased,Inflation is coming.The central government had to adopt austerity measures,Reduce investment,Reduce credit,So inflation is suppressed,But local governments but feel difficult,Because the fiscal revenue decline,GDP growth rate decline,The employment pressure increased.The central government is to restart exogenous forces,Economic stimulus.So go round and round,For a while the high economic growth rate,While economic growth rate and low,This suggests that endogenous mechanism not fully play a role,Mainly by exogenous forces in adjust and control the economy."Li yining said.

　　他还指出，中国经济的转型是双重转型，一是发展转型，即从农业社会向工业社会的转型，二是体制转型，即从计划经济体制向市场经济体制的转型。这两种转型不仅并存，而且重叠在一起了。这种双重转型是在全世界是没有先例的，中国是全世界最早启动双重转型的成功的例证。

He also pointed out that,China's economic transformation is double transformation,One is the transformation of development,That is, from agricultural society to industrial society transformation,The second is system transformation,That is, from the planned economy to the market economy system transformation.These two kinds of transformation not only coexist,And overlap together.This kind of dual transformation is there is no precedent in the world,China is the earliest start double transformation of the successful example.

　　“正因为双重转型没有前例可援，中国必须在探索中前进，当时就有一句很形象化的比喻，叫摸着石头过河。这在当时是对的。但现在不管用了，因为水深了，摸不着石头，怎么再往前走？假定河底的石头分布得不均匀，摸着摸着，又折回来了，怎么办？”厉以宁最后强调，所以在深化金融改革时，一定要统筹安排，考虑全局，要有战略眼光，站得高，看得远。

"Because of without parallel double transformation can aid,China must advance in exploration,Then there is a pictorial metaphor,That crossing the river by groping the stone.This is in at that time is right.But now it doesn't work,Because of the depth,Touch stone,How to go on?Assume that bottom stones distribution is not uniform,Touch touch,And folding back,do?"Li yining finally stressed,So when deepen financial reform,Must be comprehensive arrangement,Considering the global,Should have strategic vision,Stand high,See far.