Where is the lag of the traditional financial business model?

There are four obvious lags: direct financing lags behind the development of indirect financing, bond market lags behind the development of stock market, small and medium-sized banks lag behind the development of big banks, and insurance industry lags behind the development of capital market and money market.

At the same time, in direct financing, the bond market is seriously lagging behind: the development of the stock market; In indirect financing, the development of small and medium-sized banks lags behind that of large banks. On the other hand, the development of insurance industry lags behind the development of capital market and money market, which is not conducive to the development of financial industry.

Zheng Xinli explained that although the securities market developed well last year and the financing scale and growth rate were relatively fast, only 560 billion yuan was raised through the stock market, and corporate bonds were issued1.01.50 billion yuan. Last year, banks increased loans by 3.6 trillion yuan, and the ratio of direct financing to indirect financing was 18:82. "This ratio shows that the proportion of direct financing is too low, not only lower than that of developed countries.