The Japanese government exercised a rather strict regulation on financial sectors.
In the 1960s, South Korea launched the economic growth mode driven by State-owned economy.
This paper holds that moderate contraction of social financing scale in the new normal is considered reasonable.
Financial reform in Wenzhou has made much progress and gained some experience since it was launched.
The purpose of this paper is to make clear the negative effect mechanism yielded by the finance system with an extractive feature on innovation and economic growth.
High interest has become an impediment to both the healthy development of non-government financial organizations such as small-loan companies, pawns and non-government capital management companies, as well as to the service efficiency provided to the real economy.
Emerging in regional finance reform in recent years, non-government capital management companies are new types of non-government financial organizations.