Forging a Financial Market with both Hard and Soft Power in a High-level of Opening-up—New Ideas to Enhance the International Competitiveness and Regulatory Influence of Financial Markets
Improving the international competitiveness and regulatory influence of China's financial market is an important part of the goal of building a strong financial country and a fundamental assurance for achieving high-quality financial development.Despite continuous improvements in international participation since the implementation of the financial opening-up,China's financial markets still suffer from insufficient soft and hard power,resulting in relatively weak competitiveness and influence.In the face of challenges such as insufficient international payment and settlement capabilities,fewer globally systemically important financial institutions,and insufficient guidance from financial regulation,it is necessary for the future to improve financial infrastructure construction to promote the internationalization of RMB;gradually loosen restrictions on the access of foreign financial institutions to foster domestic financial institutions with international competitiveness;strengthen the application of financial technology to empower financial products and institutional innovation;improve the precision of risk prevention to ensure financial stability,thus continuously enhancing the international competitiveness and planning influence of China's financial market.
Financial MarketInternational CompetitivenessRegulatory InfluenceHigh-level of Financial Openness
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