Liu: The Government should intervene in the market to avoid crisis.

"Regulators must stand beside the market at any time to prepare." CBRC Chairman Liu 12 at the Boao Forum at the "financial reform and innovation," said sub-forum. .Noon the following day, the central bank's Monetary Policy Committee member of China Society of Economic Reform Fan Gang, vice chairman of the luncheon discussion at the Boao Forum has also pointed out a clear-cut, agreed to government intervention in financial markets in order to avoid financial system collapse. ."The U.S. subprime crisis on China's regulatory and monitoring a revelation that is very important and can not believe that the 'laissez-faire economy'." Liu said, once the mainstay of the market is unwilling or unable to overcome their problems, the regulatory body .Measures must be taken to protect the interests of depositors and investors, which is the regulatory body functions. .Liu said regulators not only to other departments in the country and coordination, but also must have common standards, common framework and common methods to analyze the risks, and through international cooperation, to prevent Fan Yiguo .problems or crises spread to other countries. ."Some people say that this (subprime crisis) is the worst case, I agree with Professor Ma Sijin views on the need for government intervention. But I'm still quite optimistic about the current situation, as long as effective control of the world to prevent the financial system .collapse. "Fan Gang, a more direct point of view," one of the U.S. subprime mortgage crisis, warning that the Government should control the management of financial risks, not far from the market. "winner of 2007 Nobel Prize in economics to participate in the day 13 Maskin .luncheon, said the financial market needs government, because it is associated with a high degree of macroeconomic, and the degree of interdependence between banks is also very high. .Therefore, the financial crisis, the need for government actions, the government can help ensure that reveal all the details when things go wrong in the bank. ."In the future should be more stringent supervision, financial institutions, real problems, the Government should make it out of the market in order to ensure a more efficient market." ICBC chairman Jiang Jianqing Liu attended the same forum with the earlier, the Government .responsibility for supervision of large financial institutions, the current practice in many foreign countries deposit guarantee system, actually a guarantee to customers. .According to "Financial" Online coverage to financial institutions, bankruptcy, Liu mentioned that 90 of the last century, China has adopted market principles, so that some insolvent bankruptcy, such as Guangdong Guangdong companies. .He said that the United States in the acquisition of Bear Stearns by JP Morgan Chase and Bank of England Northern Rock was nationalized two examples of regulatory authorities will not encourage "moral hazard" but also "the market back on track .on. " .Liu described, if you do not understand the way, it is best to drive slowly. .Fan Gang said that the problem this year is still excess liquidity "China will not be the subprime mortgage crisis," Morning News Fan Gang, National Economic Research Institute Beijing 13 in Boao Forum made clear that China will not be the subprime mortgage crisis. .The given reason is, at present, China's exports to the U.S. share of the limited financial regulatory system is relatively stable between Asia and Europe, emerging markets more attractive to international capital, the crisis on China and the global economy not, as some people imagine .so great..