The record of the last 20 years shows that the Chinese monetary and banking authorities have a habit of taking an ostrich approach to the informal financial sector, pretending that they are regulating the sector until serious problems emerge. This approach cannot last forever, and changing it means acknowledging the backwardness of the formal financial sector and taking remedial action.
过去20年的历史显示中国的货币和银行监管部门都喜欢对民间金融部门采取鸵鸟政策，自欺欺人地假装在监管这个领域，直到严重问题爆发为止。这不是长久之计，而改变则意味着必须认识到正式金融部门的缺点并采取补救措施。