Finance is the blood of the real economy, and serving the real economy is the primary task of finance. However, there are four misunderstandings that we should avoid in financial service for the real economy.1. "Scale Misunderstanding ": the bigger the financial industry is, the better.The development scale of the financial industry must meet the needs of the growth of the real economy. If the development of the financial industry obviously exceeds the growth of the real economy, it will be unfavorable to both the financial industry itself and the development of the real economy.2. "Leverage Misunderstanding": the lower the financial leverage ratio is, the better.We should control the leverage ratio in an appropriate range, reduce the leverage ratio of state-owned enterprises, improve the leverage ratio of private enterprises, and let financial entities have enough leverage space to serve the real economy.3. "Innovation Misunderstanding": The more financial innovation, the better.Financial innovation is necessary, but it also needs moderation. What’s more, in order to build a good financial service platform, it requires supervision and coordination from regulatory authorities, 4. "Supervision Misunderstanding": The stricter the financial regulation, the better.Compared with strengthening supervision, the more important thing is to improve supervision and make it law-based, moderate and effective, so as to better and more effectively serve the real economy.
