Becoming a Financial Power:Logic and Embedded Requirement of the Policy and Optimization of China's Economic Reform
The Central Committee of the Chinese Communist Party(CCP)has prioritized be-coming a financial power in the new era,forming the basis of the new stage of economic reform.The transformation into a financial power is an inevitable outcome of China's economic growth,high-quality development of financial industries,and active exploration and innovation guided by principles of socialism with Chinese characteristics.An analysis of the underlying logic and prac-tical motives behind the policy of accelerating the development into a financial power reveals that the current approach meets the requirements for the Chinese path to modernization,and is condu-cive to the prevention and mitigation of financial risk.It also aids in the establishment of a more comprehensive modern financial system with Chinese characteristics within the global financial governance system.From the perspective of a centralized and unified leadership of the Central Committee of the CCP in finance,this study outlines six fundamental principles for accelerating the development into a financial power:prioritizing people,embracing market dynamics,fostering international integration,leveraging technology,fostering inclusivity,and ensuring safety meas-ures.To further empower the Chinese path to modernization,it remains necessary to promote the high-quality development of financial industries and enhance financial stability.The correspond-ing departments must initially develop a modern financial market system to create a sound mone-tary and financial environment,and then comprehensively strengthen financial supervision,pre-venting and minimizing financial risk.
financial powerhousefinancial reformfinancial behavior of the statehigh-quality economic development
万方数据
维普
