中国转轨期体制内金融漏损形成机理思辨

Critical Thinking on the Formation Mechanism of Systemic Financial Leakage during China's Transition Period

中国转轨期过程中长期存在体制内部门的外向金融漏损,深刻影响着中国社会经济发展进程。体制垄断与运营低效是金融漏损的表层原因,深层原因则是市场失灵与政府失灵的交织与共振。政府失灵的危险远严重于市场失灵。立足于中国体制内金融漏损的客观现状与事实,文章认为必须修正制度安排,立足市场化原则,深化银行业体制改革,严格界定、控制政府行为,加强民主与法制建设,才能逐步消除体制内金融漏损风险,促进中国社会经济健康发展。

The outward financial leakage of the institutions within the system has long been exis- ted in China＇s transition period, which deeply influences the whole process of China＇s economic devel-opment. Systemic monopoly and low operation efficiency are the superficial reasons of financial leak-age, while the coexistence of market failure and government failure are the deep - rooted reasons. Gov-ernment failure is more dangerous than market failure. Based on the status quo and fact of financial leakage within the system in China, the authors believe that we should revise institutional arrangement, obey market principles, deepen system reform of banking industry, strictly define and control govern- ,nent behavior, strengthen democratic and legal construction to gradually eliminate financial leakage risk within the system, and promote the healthy development of economy and finance.