Moreover, it is found in this paper that the institutional factors have influenced the macro financial risks heavily.
制度因素对房地产宏观金融风险影响较大。
In other words, it was not a random drawing from a distribution of events with a fat tail but actually predictable in advance given the rising macro and financial risks and vulnerabilities.
换句话说，它并非带有肥尾的一系列离散事件的随机结果，而是在事先观察到上升的宏观及金融风险后完全可以预见到的。
We will explore ways to establish a system of prudent macro management, strengthen the monitoring of the cross-border flow of capital, and guard against all kinds of financial risks.
探索建立宏观审慎管理制度，强化对跨境资本流动的有效监控，防范各类金融风险。
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