袁飞

YuanFei

　　昨日下午，《2011/2012年上海国际经济、金融、贸易、航运中心发展报告》（白皮书）对外发布。

Yesterday afternoon,[2011/2012 Shanghai international economy/financial/trade/Shipping center development report](White paper)released.

　　2009年4月，国务院正式印发《关于推进上海加快发展现代服务业和先进制造业建设国际金融中心和国际航运中心的意见》（下称《意见》）。白皮书显示，三年多来，上海“四个中心”建设取得重大进展。

In April 2009,Issued by the state council formally[About promoting Shanghai to speed up the development of modern service industry and advanced manufacturing construction international financial center and international shipping center opinion](said[opinion]).White paper shows,More than three years to,Shanghai"Four center"Construction has made great progress.

　　白皮书显示，上海国际金融市场体系进一步完善，市场规模、能级和功能快速提升。上海清算所、上海股权托管交易中心相继成立，全国银行间同业拆借中心推出信贷转让平台，上海保险交易所正积极筹建。市场规模继续扩大，2011年上海金融市场交易额（未计外汇市场）为418万亿元，较2008年增长1.4倍；市场深度不断拓展，市场功能显著增强，2011年上海金融市场直接融资总额达28814亿元，较2008年增长1.3倍。

White paper shows,Shanghai international financial market system to further improve,Market scale/Level and function promote quickly.Shanghai clearing house/Shanghai equity trusteeship trading center established,The national interbank funding center launch credit transfer platform,Shanghai insurance exchange are positive preparation.The size of the market continued to expand,2011 Shanghai financial market turnover(Not meter foreign exchange market)For 418 trillion yuan,A 2008 increased by 1.4 times;Market depth continue to expand,Marketing function significantly enhanced,2011 Shanghai financial market direct financing totalling $2.8814 trillion,A 2008 increased by 1.3 times.

　　与此同时，在国际航运中心建设中，营业税免征政策效应明显。2011年减免企业营业税21.94亿元，受惠企业281家，自2009年5月政策实施以来累计减免营业税47.14亿元。

meanwhile,In the international shipping center construction,Business tax shall be exempted from the policy effect obviously.2011 relief enterprise business tax is 2.194 billion yuan,Benefit enterprise 281,Since May 2009 policy implementation accumulative reduction since the business tax 4.714 billion yuan.

　　尽管《意见》得到了积极贯彻落实，取得了明显成效，不过上海市发改委副主任肖林表示，也要清醒地看到，上海四个中心建设面临挑战。与国际上发达金融、航运中心相比，上海“四个中心”建设还存在差距，即国际金融中心建设还滞后于经济发展；国际航运中心建设迫切需要实现新的转型；国际贸易中心建设迫切需要提高资源配置功能。

although[opinion]Get a positive implementation,Obtained prominent achievements,But Shanghai XiaoLin, deputy director of the development and reform commission (NDRC) said,Also want to see clearly,Shanghai four center construction faces a challenge.And the international developed financial/Compared shipping center,Shanghai"Four center"Construction also has the disparity,The international financial center construction also lags behind economic development;International shipping center construction urgent need to implement a new transformation;International trade center construction urgent need to improve the resource allocation function.

　　肖林呼吁，国家支持上海探索实施新一轮政策突破，为上海加快“四个中心“建设提供更大的政策保障，期待从10个方面进行政策突破：即加快打造人民币产品创新、交易、定价、清算中心；突破离岸金融及相关金融创新功能；力推海关特殊监管区域向自由贸易园区转型；着力推动航运、贸易和金融业务联动发展；加快构建适应新兴服务业集聚发展的制度环境；促进功能性总部机构集聚及其功能拓展；力争免税购物功能尽快落地。

XiaoLin called for,The state supports Shanghai to explore a new round of policy implementation of the breakthrough,For Shanghai to speed up the"Four center"Construction to provide more policy guarantee,Expect from 10 aspects of policy breakthrough:That is to speed up the make RMB product innovation/trading/pricing/Clearing center;Breakthrough offshore financial and related financial innovation function;Push areas under special customs supervision to the free trade zone transformation;To the shipping/Trade and financial business linkage development;Accelerate the establishment of a new service industry to adapt to the development of cluster system environment;Promote the functional headquarters agency concentration and function expansion;Strive to duty-free shopping function be born as soon as possible.

　　国泰君安证券公司首席经济学家林采宜表示，金融中心建设的动力在于包括平台创新在内的系列金融创新。以私募债为例，原本为服务实体经济的私募债由于缺乏私募债交易平台无法进行大量交易。而产品丰富是市场繁荣的基础。

Guotai junan securities chief economist Lin adopt appropriate said,Financial center construction of power is including platform innovation, a series of financial innovation.To SiMuZhai as an example,Originally for the service of the entity economy SiMuZhai due to a lack of SiMuZhai trading platform can't trade a lot.And rich products is the foundation of market prosperity.

　　按照国际惯例，国际金融中心影响力源自于市场定价权，而定价权根源于交易量。“目前，作为流动性工具的金融衍生产品极不发达，所以我们最重要的是要进行制度创新。”林采宜指出，亟须在上海建立中国金融特区，“相对于其他国际金融中心，我们的最大优势就是政策优势，国际金融中心建设需要金融监管和税收等政策的突破。”

According to international practice,International financial centre influence originated from market pricing,At the root of the pricing and trading."At present,As liquidity tool of financial derivatives highly developed,So we are the most important thing is to make innovations to institution."Lin adopt appropriate points out that,It is urgent to establish in Shanghai China's financial district,"Compared with other international financial centre,Our biggest advantage is the policy advantage,International financial center construction need financial regulation and taxation policy breakthrough."