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对比2002年和2013年1~8月份的数据,11年间社会融资规模中人民币贷款的占比由91.86%下降为51.76%,下降了40.10个百分点。社会融资结构多元化固然值得我们欣喜,同时小微企业融资能力、实体经济平均融资成本和“影子银行”风险防范等问题也应关注。对比国际国内金融业发展的历史轨迹,融资渠道多元化是经济发展的客观规律,但多元化必须服从于提升全社会资金配置效率
Comparing the data from 2002 to January-August 2013, the proportion of RMB loans in social financing over the 11-year period dropped from 91.86% to 51.76%, a decrease of 40.10%. The diversification of social financing structure certainly delights us. At the same time, we should also pay attention to the financing ability of small and micro enterprises, the average financing cost of the real economy and the risk prevention of “shadow banking”. Comparing the historical track of the development of international and domestic financial industry, the diversification of financing channels is an objective law of economic development. However, diversification must be subordinate to improving the efficiency of capital allocation in the whole society