Big-data-based reform to facilitate economic restructuring

Editor: 管理员      Date:2013-10-16      Hit:2315
%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20financial%20reform%20accelerated%20after%20a%20package%20of%20policies%20were%20unveiled%20to%20offer%20guidance%20to%20facilitate%20economic%20restructuring.%20The%20success%20of%20the%20reform%20may%20rely%20on%20big%20data%20technology%2C%20experts%20have%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBig%20data%20technology%20has%20contributed%20to%20the%20development%20of%20Internet%20finance%2C%20easing%20financing%20difficulties%2C%20boosting%20information%20consumption%2C%20aiding%20private%20capital%20to%20support%20the%20real%20economy%20and%20controlling%20financial%20risks.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Big-data-based%20financial%20practice%20means%20recognizing%20information%20value%20and%20improving%20insight%20of%20consumers%27%20needs%20by%20production%2C%20exchange%2C%20management%20and%20application%20of%20data%2C%22%20said%20Tian%20Guichang%2C%20a%20big%20data%20scientist%20with%20Beijing%20JinLongCai%20Tech%26amp%3BTrading%20Co.%2C%20Ltd.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EWith%20an%20open%20platform%2C%20abundant%20data%20resources%20and%20risk%20analysis%2C%20big-data%20based%20finance%20can%20ease%20financing%20difficulties%20for%20small%20businesses%2C%20as%20their%20nontransparent%20operation%20and%20risk%20information%20often%20turns%20off%20banks%27%20interest%20to%20lend%20them%20money%2C%20said%20Zhang%20Che%2C%20vice%20general%20manager%20of%20the%20asset%20management%20department%20of%20BOC%20International%20%28China%29%20Ltd.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Big%20data%20offers%20more%20insight%20into%20a%20company%27s%20credit%20and%20risk%2C%20thus%20reducing%20the%20company%27s%20financing%20costs%20and%20enhancing%20a%20bank%27s%20willingness%2C%22%20Zhang%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EMeanwhile%2C%20as%20information%20consumption%20increases%2C%20consumers%27%20growing%20diversified%20needs%20ask%20for%20more%20comprehensive%20and%20innovative%20financial%20services.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Big%20data%20offers%20more%20insight%20into%20consumers%27%20consumption%20habits%2C%20which%20allows%20targeted%20financial%20products%20and%20services%2C%20thus%20spurring%20domestic%20consumption%2C%22%20said%20Tan%20Yaling%2C%20head%20of%20the%20China%20Forex%20Investment%20Research%20Institute.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EReal-time%20monitoring%20and%20risk%20analysis%20of%20financial%20data%20will%20also%20aid%20the%20sector%27s%20risk%20control%20especially%20as%20China%20steps%20up%20its%20efforts%20to%20liberalize%20interest%20rates%2C%20Tan%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EInternet%20finance%20has%20become%20a%20hot%20topic%20after%20the%20State%20Council%20in%20August%20unveiled%20plans%20to%20boost%20information%20consumption%20with%20the%20bid%20to%20facilitate%20domestic%20consumption%20and%20economic%20restructuring.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20e-commerce%20giant%20Alibaba%20has%20partnered%20with%20China%20Minsheng%20Banking%20Corp.%2C%20Ltd.%2C%20the%20largest%20private%20bank%20in%20the%20country%2C%20to%20capitalize%20on%20their%20strengths%20in%20consumer%20data%20analysis%2C%20direct%20selling%20and%20IT%20services%20following%20the%20State%20Council%27s%20call%20for%20private%20capital%20to%20aid%20cash-strained%20small%20businesses.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EDespite%20its%20value%2C%20big%20data%20also%20poses%20challenges%20to%20financial%20reforms%20as%20tiny%20mistakes%20may%20cause%20big%20problems%2C%20said%20Chen%20Bingcai%2C%20vice%20director%20of%20the%20department%20of%20policy-making%20consultation%20with%20the%20Chinese%20Academy%20of%20Governance%2C%20a%20state%20think%20tank.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20bottom%20line%20for%20the%20use%20of%20big%20data%20is%20to%20keep%20financial%20reform%20safe%20and%20stable%2C%20and%20to%20serve%20the%20real%20economy%2C%22%20Chen%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%26nbsp%3B%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%28Xinhua%20net%29%3C/P%3E%0D%0A%3CP%3E%3CBR%3E%3C/P%3E%3C/FONT%3E