The Operation Mechanism,Real Risks,and Implementation Paths of Expanding Institutional Opening-up in the Financial Sector
Promoting the opening-up of the financial system is an inevitable requirement for the development of an open economy,and an important guarantee for achieving high-quality development of the national economy and Chinese path to modernization.Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,combined with the development of the digital technology industry and the trend of CPTPP and DEPA,with the guidance of international high-standard rules and the problems of China's financial opening-up,the essay clarifies the bottleneck of institutional opening-up in the financial field and the gap with RTA rules,analyzes the operation mech-anism and real risks of the financial opening-up from the areas of financial services business,financial markets and capital accounts.Based on this,it proposes the long-,medium-and short-term goals,path selection,strategic plan-ning,and solution design for the orderly expansion of financial opening-up.This study provides valuable contribu-tions for China to overcome the bottleneck of financial opening-up,promote"financial deepening",build a strong fi-nancial country,establish and improve a theoretical knowledge system of independent and open finance with Chinese characteristics.