Accelerating the construction of a financially robust country is a major strategic decision and deployment of the Communist Party of China Central Committee and is an important task for building a great modern socialist country in a comprehensive manner.A financially robust country should possess several key core financial elements,including a strong currency,a powerful central bank,robust financial institutions,a formidable international financial center,rigorous financial regulation,and a talented workforce in finance.China has established the second-largest financial system in the world and is already a major financial country.However,there are still shortcomings in meeting the requirements of becoming a financially robust country,including the urgent need to reform the asset-expansion-driven development model,the imperative to strengthen the resource allocation function of the financial market,the overall low level of internationalization of the financial system,and the relatively weak capacity to provide international financial public goods.To accelerate the construction of a financially robust country,suggestions for the next step include strengthening the leadership of the Communist Party of China,improving market mechanisms,strengthening financial regulation,consolidating the infrastructure,making a strong sovereign currency,expanding financial openness,and safeguarding financial stability.
a financially robust countrycore elementsconstruction shortcomingsmodern financial system
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