Li Yang is currently the director of the Institute of Finance, Chinese Academy of Social Sciences.
★Reason for election:
Li Yang, Director of the Institute of Finance, Chinese Academy of Social Sciences, has always been at the forefront of financial research. On September 1, 2005, at the Beijing International Financial Development Forum, Li Yang proposed that optimizing the financial ecological environment has gradually become an important topic at present. The nine major elements of the financial ecology are economic foundation, corporate competitiveness, financial development, and judicial Justice, social integrity culture, social security system, intermediary service system, local government integrity and the independence of the financial sector are important and decisive factors in determining whether a city can become a financial center. The proposal of this topic has attracted great attention from the financial community.
Subsequently, the "2005 China Urban Financial Ecological Environment Assessment" jointly created by the Chinese Academy of Social Sciences and the Central Bank was officially released in Beijing on June 5, 2005. More and more people in the academic world are paying attention to the term "financial ecological environment". The proposal of "optimizing the financial ecological environment" has opened a new chapter for the world's financial academic community.
★Style description: Li Yang: a financial expert who pays attention to the financial ecological environment.
As the director of the Institute of Finance of the Chinese Academy of Social Sciences, Li Yang’s voice has always been at the forefront of financial research. From explaining in detail whether the RMB interest rate should be raised to calling for the introduction of policies related to mortgage securitization, from speculating that "China will not have comprehensive inflation" to shouting "reforming the capital market to break the vicious circle of bank non-performing assets", from advocating that "the main reason for the reform of the RMB exchange rate is mechanism" to "administrative dominance hinders the development of the financial market", from "encouraging mainland enterprises to go to Hong Kong for financing" to "China Construction Bank gave up New York and chose Hong Kong for listing", from asserting that "the RMB is unlikely to appreciate significantly" to revealing that "high investment growth is China's long-term problems", to criticize the misconception that banks should not become pawn shops, and now mainly use collateral as the standard for issuing real estate mortgage loans. Li Yang has been paying attention to China's economic development with his professional knowledge and enthusiasm.
"There has always been a strange circle in the banking industry: once a dispute occurs between banks and enterprises, it is the bank that suffers. Even some local governments regard obtaining and evading bank loans as a 'heroic act'." Data shows that currently due to As a result of government intervention, banks' non-performing loans have increased, accounting for almost 70%-80% of all non-performing loans. Therefore, there is an urgent need to strengthen the government's integrity building, improve the independence of the financial sector, strengthen judicial fairness, and cultivate a good intermediary service system and national credit awareness.
On September 1, 2005, at the Beijing International Financial Development Forum, Li Yang proposed optimizing the financial ecological environment and nine major factors that affect the financial ecological environment. Shock waves quickly formed in the field of financial research, and the response was strong in the industry. "The sources of China's financial risks are divided into two categories, one is the financial sector itself, and the other is the financial environment." Li Yang hit the nail on the head and put forward the key to China's financial risks.
On June 5, 2005, the "2005 China Urban Financial Ecological Environment Assessment" jointly created by 165438+ Chinese Academy of Social Sciences and the Central Bank of China was released in Beijing. Among them, the most interesting part is the ranking and evaluation of China's urban financial ecological environment, including "ranking by city financial asset quality", "ranking of 50 large and medium-sized cities", and "brief review of financial ecological environment of several cities" part. Among them, Shanghai, Ningbo, Wenzhou, Hangzhou and other cities rank at the top of the comprehensive ranking list of urban financial ecology. Based on the quality of urban financial assets, the report provides the financial asset quality scores of 31 provinces, autonomous regions, and municipalities in 2003 and 2004, as well as the annual rankings and changes in rankings between the two years.
Optimize the financial ecological environment! In the tide of China's financial reform, Li Yang's voice sounded again.
★Term explanation
Financial ecological environment: refers to the consumer groups of financial products and services composed of residents, enterprises, governments and other departments, as well as the economy where financial entities are generated, operated and developed. , society, law, culture, customs and other institutions, systems and traditional environments. Among them, financial entities and the financial ecological environment are interdependent and influence each other, and "people" are the core of the entire financial ecosystem.
The concept of financial ecology is a bionic concept. Zhou Xiaochuan, the current governor of the central bank, systematically extended the concept of ecology to the financial field for the first time and emphasized the use of ecological methods to examine financial development.
★Resume:
Li Yang, born on September 3, 1951, is from Huainan, Anhui. He is currently the director of the Institute of Finance and Director of the Financial Research Center of the Chinese Academy of Social Sciences.
In 1981, 1984, and 1989, he obtained bachelor's, master's, and doctoral degrees in economics from Anhui University, Fudan University, and Renmin University of China respectively. 1998-1999, visiting scholar at Columbia University.
He is currently the deputy director, researcher and professor of the Institute of Finance and Trade of the Chinese Academy of Social Sciences, a director and academic committee member of the China Society for Finance and Banking, a director of the China Society for Finance and Banking, and a member of the China Financial Market Committee of the Asia-Pacific Economic Cooperation Council. Director of the Financial Research Center. Member of the Monetary Policy Committee of the People's Bank of China. Adjunct professor at Renmin University of China, Fudan University, Nanjing University and University of Science and Technology of China.
65438-0989 entered the Chinese Academy of Social Sciences to engage in research.
Member of the China Financial Market Development Committee of the Pacific Economic Cooperation Council (PECC). Executive director, deputy secretary-general and member of the academic committee of the China Society for Finance and Banking. Executive director of China Society of International Finance. Executive director of China Urban Finance Society. Executive director of China Society for Finance and Banking. Member of the Academic Committee of the Interdisciplinary Research Center of Natural Sciences and Social Sciences, Chinese Academy of Sciences. Advisor to several provincial governments.
★Academic Research
The main research areas are currency, banking, financial markets, and finance and taxation. He has won the "Sun Economic Science" Book Award and Paper Award four times. He has published 23 monographs and translations, more than 400 papers, and edited 6 large-scale financial reference books. He has chaired more than 40 national and ministerial level international cooperation and research projects.
The monograph "Economic Analysis of Fiscal Subsidies" won the Sun Economic Science Award in 1990.
The paper "Urban Land Use and Management in China" won the Sun Economic Science Award Paper Award 1994.
In 1992, he won the title of "Young and Middle-aged Experts with Outstanding Contributions to the Country". In the same year, he enjoyed the “Special Government Allowance” from the State Council.