中国金融体系的特色及改革方向

On Characteristics and Orientation of Chinese Financial Reform

中国金融体系解决了发展中国家普遍存在的金融压抑问题,但在推动中国经济高增长的同时也助长了持续的流动性膨胀,造成了人民币"内贬外升"的不对称压力。随着资本的国际化和人民币的国际化,中国正在成为世界工厂,这必将推动中国金融改革朝着以直接融资为主的金融体系发展。

China＇ s financial system solves the problem of financial repression and promotes China＇ s high economic growth, but at the same time, it also contributes to the continued liquidity expansion, this makes a big pressure to the RMB of inter depreciation and exter appreciation, the pressure leads to the internationalization of the Chinese capital and the RMB, China is becoming the factory of the world which is supported by the world＇ s resources, markets and talents. This will promote the development of China＇ s financial reform towards the financial system which is led by the direct financing.