From Financial Giant to Financial Powerhouse:International Comparison and China's Progress
A strong financial country should have developed financial markets,effective financial institutions,open financial service systems,an internationalized domestic currency,a global financial center connected to the world,and sufficient international financial discourse power,competitiveness and influence.China is a financial giant.but it is not yet a financial powerhouse.The proposal of the"financial powerhouse"goal is based on the reality that China's financial industry has achieved quantitative accumulation from"small to large"and has been built into a"financial powerhouse",and also indicates the direction of China's financial endeavors in the future.Based on the scientific connotation and characteristics of the constructing a financial powerhouse,this paper makes a comparative analysis between China and the other global financial powerhouses in scale of financial terms,openness to the outside world,and risk prevention,so as to locate the international status level of China's financial industry and the construction process of the financial powerhouse.To become a financial powerhouse,China should focus on strengthening quality financial services,expanding high-level financial opening-up,accelerating the internationalization of the RMB,improving China's ability to allocate international resources,and enhancing China's financial voice in the international arena.It is more important to"balance development and security",enhance the ability to withstand international financial shocks,and prevent and defuse financial risks in the process of promoting high-quality development.
万方数据
维普
