Chinese Path to Finance Modernization:Connotation,Framework and Path
Since finance is the core of modern economy,the modern financial system with Chinese characteristics is an important part of Chinese path to modernization.Building a financial modernization architecture with Chinese character-istics is of great significance in enhancing the effectiveness of the financial services to the real economy and realizin-gasustainable and benign development between finance and the real economy.This paper uses methods of system analy-sis,functional analysis,and comparative analysis to study the theoretical connotation,similarities and differences in characteristics,system architecture,functional structure,and developing path of Chinese financial modernization.Re-search has shown that such path is a comprehensive modernization of financial function,institutions,markets,products,services,regulation,and supervision under the support of financial technology,education,and talents.It not only con-forms to characteristics and rules of financial modernization in general market economies,but also reflects"Chinese characteristics"based on China's national conditions and the superiority of the socialist system.Therefore,it is necessa-ry to cultivate strong capabilities in sustainable operation,resource allocation,policy conduction,asset pricing,capital flow,innovation,and risk management,for the sake of the real economy and the entire people.The framework of Chi-nese financial modernization presents the foundation and goals of building a financial power,provides a theoretical basis for promoting the supply side structural reform,and clarifies the developing path of Chinese financial modernization.
Chinese path to modernizationChinese path to finance modernizationframework of financial moderniza-tionfinancial power