International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: Bitner’s Advice and China Financial Risk Control
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 3925-3928)
Author(s): Jianping Yang, Chongqing Industry and Trade Vocational & Technical College,Fuling Chongqing, P.R. China
Abstract: Abstract:Maintaining China's financial system to be safe and effective is of significance to the China and world economic development. Richard Bitner gives the whole world many well-intentioned advice through the book "Greed, Fraud and Ignorance: the Truth of the U.S. Sub-prime Mortgage Crisis,” To make an effective risk management of the mortgage loans, we should be cautious in dealing with asset securitization, and strengthening financial supervision while financial innovation, and this is the lessons China can draw from the sub-prime crisis. As the financial develops rapidly, innovation and supervision have all shown a new development trend. In order to achieve financial sustainability, promoting financial innovation actively while strengthening financial supervision is very necessary. As more serious impact may occur in the future, monetary authorities should be fully prepared for it.
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