G20 summit to face recovery challenges Toronto.

<P> Group of Twenty (G20) summit will be the fourth time June 26 to 27, held in Toronto, Canada, including Chinese President Hu Jintao, including, the world's major developed economies and major emerging economies, the leaders of ., and the World Bank and International Monetary Fund and other international organizations, will attend the meeting. .This is the September 2009 Summit of the Group of Twenty Pittsburgh institutionalized after the Group of Twenty first summit, held in the development process of the Group of Twenty has a significant nexus. .</ P> <P> in the international financial crisis, the Group of Twenty international organization from a loose, in response to the progressive development of international financial crises and to strengthening international economic cooperation platform, completely conform to the result of changes in world economic pattern. .Over the past few decades, international economic structure changed from the dominance of developed economies to become more balanced historical change, known as the "rich club" Western Group of Eight (G8) has been unable to cope with global economic issues alone. .For this reason, in the international financial crisis, the November 15, 2008 meeting of the Group of Twenty summit in Washington opened the world's major developed economies and major emerging economies at the same table an equal footing to address global economic challenges precedent. .In the following April 1, 2009 London summit, the Group of Twenty broad representation and influence generally accepted by the international community. .In late September 2009 summit of Pittsburgh, established the Group of Twenty, as "a major platform for international economic cooperation" status and the implementation mechanism, thus enabling the Group of Twenty developed into a new stage. .</ P> <P> China Securities Journal that the Group of Twenty in Toronto before the summit, the world economy is facing new challenges in the crisis period has passed, how to ensure sustainable economic recovery in the world is even more .prominent; how to shape a new international economic and financial system to ensure that problems do not occur in the crisis even more urgent; how to continue to push forward the reform of international financial organizations, to make it more in line with the changed world economic structure is even more important. .We look forward to the Toronto summit, these problems can be in-depth discussion and reached important consensus. .</ P> <P> from ensuring sustainable economic recovery in the world point of view, the current world economy as a whole continued to stabilize, upward trend, but still face an uncertain and unstable factors, especially in Europe the development of the debt crisis on the world economic recovery .pose new challenges. .In this case, the need for further international harmonization of the Group of Twenty uphold the spirit, strengthen international cooperation and close coordination of macroeconomic policies, respect for national circumstances and the right to choose under the premise of the international community to work together to continue to consolidate the good response to the crisis .tradition, to ensure that the world economy is strong, sustainable and balanced growth. .</ P> <P> from the shape of a new international economic and financial system to see the need to further strengthen financial regulation, in particular, to strengthen the hedge funds, complex financial derivatives, credit rating agencies such as supervision, to ensure the world economy will not .financial services industry "abnormal development" and continue to suffer the crisis and instability problems. .Greek debt crisis, making much-needed fiscal consolidation in some countries based on the scale of the deficit and debt. .At the same time, the issue of financial market speculation, how the rating agencies play a constructive role in the financial system, problems were still very prominent. .Although from 2007 Xiamei Guo subprime crisis, the international community to strengthen the voice of financial regulation has been high, but in the international economic and financial system, dominated by the Western developed countries in this regard has been slow. .How can the Group of Twenty in shaping the new international economic and financial system has made much success, to determine the real success of the organization's history. .</ P> <P> view from the reform of international financial organizations, Pittsburgh determined that the IMF will be at least 5% of voting rights, the transfer from the developed countries to emerging markets and developing countries. .Reform of the international financial organizations to increase the voting power of developing countries and the right to speak, is to further conform to changes in world economy inevitable choice, but also enhance the legitimacy of these organizations, representativeness and efficiency of the inevitable choice. .We look forward to the Group of Twenty of the Toronto summit to continue to make this connection, to determine this year's November summit in Seoul, South Korea completed the relevant reforms and the introduction of the economic situation of the Member States the principle of dynamic adjustment. .</ P> <P> "Barry is only half of the line ninety." .China Securities Journal that the center onto the international stage for the truly less than two years the Group of Twenty, the future is still a long road to development. .As a truly encompasses the major developed economies and major emerging economies, international organizations, we expect the Group of Twenty in the future world economic development, shaping the international situation, to play a more active role. .</ P>.