《华尔街日报》:建行董事长郭树清呼吁提高中国影响力
中国建设银行董事长郭树清说,国际社会在呼吁中国更积极参与全球金融体系改革的同时,也应当有意愿通过改革这套体系更好地照顾中国的利益。 郭树清在《华尔街日报》于北京举办的“中国金融市场年会”论坛上做开幕发言时说,中国应当在国际货币基金组织(IMF)等多边机构中扮演更重要的角色。曾任职中国央行的郭树清说,IMF和大型经济体应当让人民币发挥更大的作用。他这是在声援近几个月迅速形成势头的人民币国际化行动。 按资产规模计算,中国建设银行是中国第二大银行。郭树清说,大国要求中国发挥更积极作用,承担更大的责任,但如果要中国做更多的事情,就应该给予中国更多的认可。 中国参与全球金融监管相对较晚。但在金融危机(这期间发达国家银行遭受重创,而中资银行相对完好)过后,中国加入了金融稳定委员会和巴塞尔银行监管委员会。这两个委员会都是用于制定金融监管规则的国际论坛。另外,中国已经成为20国集团(G20)会议中的关键角色,在有关汇率和贸易的讨论中发挥了重大作用。 中国在多边经济机构中也发挥着积极作用,在IMF和世界银行获得了更大的话语权。但郭树清说,虽然最近中国在这两个机构的投票权增加,但中国的影响力应当进一步扩大,从而更好地反映它在全球经济中的地位。 郭树清不是政府的正式成员,其言论不一定反映了中国领导层的想法。但中国建设银行和另三大国有银行的负责人有着不小的影响力,并拥有相当于副部长的政治级别。 郭树清呼应中国监管机构的观点说,全球经济失衡的关键威胁不是贸易失衡,而是美国和其他西方经济体的过度消费。他认为,金融改革应当包括回归基本问题。 郭树清在讲话中还说,基本目标是为实体经济提供更多金融服务,而不是虚拟的金融交易,也就是所谓的结构化金融产品。 郭树清说,全球经济共同体应采取步骤,让人民币成为储备货币。其言下之意是说,美国、英国和日本应在其外汇储备中持有部分人民币以示回馈,因为中国已经持有它们的债务。 郭树清说,IMF应当立即将人民币纳入特别提款权(SDR)货币篮子。SDR是IMF上世纪60年代创立的一种综合性货币。去年,中国央行行长周小川建议,应推动SDR作为一种可替代的储备货币。 成为中国建设银行董事长之前,郭树清是中国央行副行长兼国家外汇管理局局长,后者是一个负责管理中国汇率制度和庞大外汇储备的机构。 郭树清周二发言时,叹惋中国在为其2.6万亿美元的外汇储备寻找出口方面很成问题。他说,中国的外汇储备在未来数年还会继续增加,不过增速会放缓。 郭树清说,庞大的外汇储备对中国来说是个巨大的挑战,因为我们不知道应该把这笔巨资投到哪里。 他还说,对中国企业而言,不光是对美国和欧盟进行海外直接投资时会遇到麻烦,就连对发展中国家投资,我们也受到指责,说我们是新殖民主义者。 郭树清的讲话显示出,中国很多金融体系的领导人自信增加,他们认为全球金融危机证明,中国的经济政策比西方国家的政策更有效。 尽管如此,周二的金融市场年会上仍有些人警告说,不要过分强调中国金融体系有多强大。上海市人民政府金融服务办公室主任方星海博士说,中国的银行蓬勃发展主要得益于中国快速的经济增长,而不是凭借其自身强有力的管理。他对危机过后中国在重建全球金融基础设施方面所能发挥的作用表示质疑。 方星海说,在很长时间内,中国在全球金融改革中可以做出的贡献不会太多,中国的金融发展仍处于相当低级的水平,中国现在的发展经验可能并不适合其它国家。 方星海说,别的国家不应该寄希望于从中国相关的发展模式和经验中学到太多可以适用的东西。 附:原文:CCB chairman calls for more China clout BEIJING—Calls from the international community for China to play a more active role in reforming the global financial system need to be matched by a willingness to change the system to better accommodate China, said Guo Shuqing, chairman of China Construction Bank Corp. Speaking at The Wall Street Journal's China Financial Markets forum in Beijing, Mr. Guo argued for a larger role for China in multilateral institutions such as the International Monetary Fund. And the former Chinese central banker said the IMF and big economies should give China's currency a greater role, championing an effort to internationalize the yuan that has quickly gained momentum in recent months. "Big countries ask China to play a more active role and be more responsible," said Mr. Guo, whose bank is China's second biggest by assets. "But if you ask China to do more, you have to give China more recognition." China is a relative newcomer to global financial regulation. But in the wake of the financial crisis, which crippled lenders in developed economies but left China's banks relatively unharmed, it joined the Financial Stability Board and the Basel Committee on Banking Supervision, which are international forums for setting rules on financial regulation. And China has become a key player at the Group of 20 meetings, taking a major role in discussions about currency and trade. It is also active in multinational economic institutions, gaining a greater say in the IMF and the World Bank. But despite a recent increase in its voting rights in both organizations, Mr. Guo said China's clout should be further expanded to better reflect its role in the global economy. Mr. Guo isn't a formal member of the government, and his comments don't necessarily reflect the thinking of China's leadership. However, the heads of China Construction Bank and the three other big state-owned banks wield great influence and hold a political rank equivalent to a vice minister. Echoing China's regulators, Mr. Guo said trade imbalances aren't the key threat to global economy, but rather excessive consumption in the U.S. and other Western economies is. He said the financial reform should involve getting back to basics. "The basic target is to provide more financial services to the real economy…not fictitious financial transactions…so-called structured financial products," he said in his speech to the conference Tuesday. He also said the global economic community should take steps to make the yuan a reserve currency, suggesting the U.S., the U.K. and Japan should hold a portion of their foreign-exchange reserves in yuan in a gesture of reciprocity, since China already holds their debt. Mr. Guo said the IMF should "immediately" include the yuan as a component of its Special Drawing Rights basket of currencies. SDRs are a kind of synthetic currency created by the IMF in the 1960s. Last year, People's Bank of China Gov. Zhou Xiaochuan suggested SDRs should be promoted as an alternative reserve currency. Before becoming chairman of China Construction Bank, Mr. Guo was a vice governor of the People's Bank of China and the director of the State Administration of Foreign Exchange, which administers China's exchange-rate system and manages the country's huge pile of currency reserves. In his remarks Tuesday, Mr. Guo bemoaned the problems China has finding an outlet for those reserves, which total some $2.6 trillion. Mr. Guo said China's reserves will continue to grow in coming years, albeit at a slower pace. "That's a big challenge to China because we don't know how to invest so much money," Mr. Guo said. He also said that making direct investments overseas for Chinese firms is problematic, not only in the U.S. and the European Union, but "even when we're investing in developing countries we're criticized as new colonialists." Mr. Guo's comments reflect growing assertiveness among many leaders in China's financial system, who feel the global financial crisis proved the country's policies are more effective than those of the West. Still, some at Tuesday's conference cautioned against over-emphasizing the strength of China's system. Fang Xinghai, director-general of the Office of Financial Services in the Shanghai city government, said China's banks have mainly thrived because of the nation's rapid economic growth, instead of strong management. He questioned the role China is capable of playing in helping rebuild the global financial infrastructure following the crisis. "For a long time to come, China will not have a lot to contribute to international financial reform," Mr. Fang said. "China is still at a fairly low state of development. What happens here might not be applicable to other countries." The world "shouldn't expect a lot from China's intellectual contribution," he said.
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