摘要
金融具有跨时间与空间配置资源以实现消费与投资间均衡的功能。改革开放以来,中国金融体系以间接融资为主,以国有银行为主导、多种银行所有制并存,金融资源被大量配置到了国有部门与重资产行业。中国金融体系的重要特征为完成基建、脱贫攻坚和对冲全球经济危机等重要任务提供了关键性支持,彰显了中国“集中力量办大事”的制度优势。不过,目前中国金融体系仍存在一些体制性和结构性问题,如金融抑制、财政与金融不分家,可能会为高质量发展带来挑战。在新发展阶段,为更好地构建新发展格局,中国金融体系须加大对外开放,拓宽直接融资渠道,深化利率市场化改革,使金融资源能够更好地促进多元经济的发展和企业创新,以及助力新兴产业的发展。
With the basic function of allocating element resources across time and space,finance could achieve a balance between consumption and investment at the macro level.Since the reform and opening-up,China's financial system has been dorminated by indirect financing channels,with multiple bank ownership structures dominated by state-owned banks.A large number of financial resources have been allocated to key industries such as state-owned sectors,construction,and real estate.With those features,the financial system has provided critical support in infrastructure construction,poverty alleviation,and the recovery from the 2008 global financial crisis,demonstrating the strength of socialism with Chinese characteristics in pooling resources to solve major problems.At the same time,some institutional and structural problems,such as financial depression,and the mix-up between finance and banking,hinder structural optimization and high-quality development.For a better construction of the new development paradigm,China's financial system faces indispensable reforms,including strengthening its opening to the outside market,deepening the reform of interest rate liberalization,and expanding direct financing channels.Then the financial resources could facilitate the development of a diversified economy,the innovation of enterprises,and related emerging industries.
作者
钟宁桦
连方舟
解咪
钱一蕾
Ninghua Zhong;Fangzhou Lian;Mi Xie;Yilei Qian(School of Economics and Management,Tongji University,Shanghai,China,200433;Shanghai’s Global Resource Allocation Capacity Research Institute,Shanghai University of Finance and Economics,Shanghai,China,200433)
出处
《南大商学评论》
2022年第1期1-21,共21页
Nanjing Business Review
基金
国家社科基金重大项目“新形势下地方政府性债务风险管控的目标、难点与实现路径研究”(编号:19ZDA073)
国家自然科学基金面上项目“08年金融危机后我国金融效率下降与国有企业改革”(编号:71973101)
中组部第三批“万人计划”青年拔尖人才计划项目
“中央高校基本科研业务费专项资金”项目(编号:22120220273)的资助
关键词
新发展格局
中国金融体系
金融改革
New Development Paradigm
China's Financial System
Financial Reform
