A Study on the Leadership Role of the Communist Party of China in Financial Market Legislation
At the macro level,the leadership of the Communist Party of China in financial legislative work mainly manifests itself as the directional guidance provided by the Party's policies,thus ensuring the foundations of the legal system for China's financial market,advancing key issues in financial legislation,and provides policy-based support for the structural transformation of the legal system for China's financial market.Moreover,in recent years,the reflection of"the Party's will"in China's financial legislation has undergone a shift from implicit to explicit,with the explicit process reflected not only in the text of financial laws and official legislative documents,but also in jointly issued documents by the Party and government authorities.In retrospect,the effectiveness of the principle of"Party leadership"in China's financial legislation is achieved through the Party's effective guidance of the change of financial legal system by top-level design,and the Party's utilization of its unique political advantages to reduce the social cost of the change of financial legal system by gathering reform consensus.In the context of the new era,in order to improve the Party's leadership mechanism for financial legislation,it is necessary to explore the design of an effective system that is institutionalized,procedural and transparent,and maintain the stability,efficiency and predictability of the legal environment of the financial market under the overall goal of comprehensive law-based governance of the country.
financial legislationfinancial reformthe Communist Party of Chinalaw-based governance of the country