本报记者 毛建宇 实习记者 毛万熙

Our reporter MaoJianYu MaoWanXi practice reporter

　　中国社科院副院长李扬在第十七届中国资本市场论坛上表示，金融改革的主方向是满足实体经济的需要，金融的创新和发展应为新型工业化和城镇化投资、提高人民生活水平提供金融工具，发挥金融跨期配置资源的作用。

The Chinese academy of LiYang vice President in the 17th China's capital market BBS on Wednesday,Financial reform principal direction is to meet the needs of the real economy,Financial innovation and development should be the new industrialization and urbanization investment/Improve the people's living standards to provide financial instruments,Play financial span period of the resource allocation function.

　　李扬表示，新型城镇化作为未来经济的支撑点，需要金融支持。“城镇化首先需要大量投资，并且投资需求和单纯工业化的需求不一样，大量是兼有私人产品性质和公共产品性质的混合产品。”李扬说：“与其对应的资金需求不再简单是财政资金或商业性资金，一项融资安排可能以商业性为主、公共性为辅。这种混合状态要求我们有金融创新，但是现有的工具不能满足这个需求。”

LiYang said,As a new type of urbanization of the economy in the future point,Need financial support."Urbanization first require a significant investment,And investment demand and pure industrialized demand is different,A large number of products is both private and public products properties of the nature of the product mix."LiYang said:"And its corresponding capital demand is no longer simple financial capital or commercial capital,A financing arrangements may be in commercial give priority to/Public an ounce of prevention is worth a.The mixed state requirements we have financial innovation,But the existing tools can't meet the demand."

　　除城镇化外，居民收入倍增计划也离不开金融的改革。李扬认为，提高人民收入水平、改善收入分配，就要创造大量金融工具让人们获得财产性收入，并使其增长，不受通货膨胀的侵蚀、不受经济危机的冲击。目前，股票、债券等都不适合作为人们的长期投资工具，今后要建设发展长期资金的市场，发挥金融跨期配置资源的作用。

In addition to a foreigner town,Residents income doubling plan also cannot leave the financial reform.LiYang think,Improve the people's income level/Improve income distribution,Will create a large number of financial tools to let people get property income,And make its growth,From inflation erosion/From the impact of the economic crisis.At present,stock/Bonds are not suitable for people as a long-term investment tools,The construction and development of long-term capital market,Play financial span period of the resource allocation function.

　　金融发挥服务实体经济、降低企业融资成本的首要作用，还应体现在助力推进新型工业化。李扬认为，中央对经济结构的调整重点是传统工业化导致的产能过剩，要走绿色、智能、信息化的新型工业化道路。遗憾的是现在的金融体系不能满足新型工业化的需要，高新科技的融资问题久未破题。如果高新科技产业化过程的融资问题解决不好，那么中国将跟不上新型工业化和第三次工业革命的步伐。

Financial play service entity economy/Reduce the enterprise financing cost primary role,Should also be reflected in power to promote its new industrialization.LiYang think,Central to the adjustment of economic structure is focused on the traditional industrialization lead to overcapacity,To go green/intelligent/The information of new industrialization.It is a pity that the present financial system can not meet the needs of the new industrialization,High and new technology for financing problems not ".If high and new technology industrialization process of the financing problem solving is bad,So China will keep up with new industrialization and the pace of the third industrial revolution.

　　针对业界金融脱媒的呼声，李扬称脱离银行媒介并不全然正确。应探讨让银行介入长期市场、股权市场的机制，让银行和资本市场相互融合、彼此分工。此外，他不主张继续使用“直接融资”的概念，它已经不能概括经过创新发展以后金融业的主流现象，很多业务难以简单用直接融资和间接融资归类。按照定义，委托贷款、信托贷款、银行兑换贴现的汇票也是直接融资，那么我国的直接融资规模将非常庞大。

According to the financial disintermediation call,LiYang says from bank media is not completely correct.Should discuss let bank involved in long-term market/Equity market mechanism,Let the Banks and capital market integration/Division of each other.In addition,He does not advocate continue to use"Direct financing"concept,It cannot have summarized through the innovation and development of financial industry after the mainstream of the phenomenon,A lot of business to use simple direct financing and indirect financing classification.According to the definition,Entrust loan/Trust loans/Bank draft for discount is direct financing,So China's direct financing scale will be very large.