The Evolution and Construction of China's Financial Regulation Model:The Mystery of"Crisis-Free Growth"from the Perspective of Financial History
Since the reform and opening-up,China's economic and social development has created a miracle of"crisis-free growth",while the rapid economic growth,the society has maintained long-term stability,and the financial sector has also maintained a balance between efficiency and risk for a long time,financial regulation has undoubtedly played a key role in it.Looking back on the historical evolution of financial regulation models in major countries in the world,it is always accompanied by financial crisis and dynamic adjustment of financial regulation models in economic development.The failure of financial regulation is due to internal competition of regulation,inability to adapt to market innovation,administrative intervention and excessive decentralization of regulation,etc.Based on their unique financial structure and government concept,each country has formed its own unique financial regulation model in the reform.The historical connotation of the evolution of China's financial regulation mode is that avoiding the occurrence of financial waves and seeking a stable development environment have become the long-term demands of the financial market On this basis,China has gradually formed a unique"preventive"regulation mode,which has also become a key factor for China's economy to achieve"crisis-free growth".
NETL
NSTL
万方数据
