Scholars around the world pay much more attention to "Financial restraint" which included three policies: the limit on the interest rate of loans and deposits, the limit on market entrance and the limit on assets substituting since it was brought out by Hellman, Murdock and Stiglitz. They thought that proper intervention of the government can promote the development of finance and economy, not a reverse direction. We now study "Financial restraint" on our domestic financial condition which is highly monopolize, we thought we'd better analysis the effect of "Financial restraint" with a developing visual angle. This article shows our criticism on the three polices, that is whether limit on the interest rate of loans and deposits can offer chance of rent for Non-state-owned department; whether carry on the limit of market entrance and whether limit on assets substituting can guarantee state-owned banks operate and develop steadily. Then we make further study on the polices, which includes expansion of the "Financial restraint" policies, cost of "Financial restraint", time limit of "Financial restraint" and role of the government in the implementation of the polices, we made exposition on them separately. Finally, in relation to our financial innovation, we talk about something such as the finance opening and commercialization reform of state-owned bank. |