资本市场发展与中国金融的结构性改革

一、中国金融体系面临一定系统性风险最近有几组金融数据引起了我的疑虑，甚至是一丝的恐慌。有些人可能会对这些数字一带而过，但在我看来，这些数字却反映了中国金融体系的缺陷，同时又包含未来经济的风险甚至是危机，由此引发了我对未来中国需要一个什么样金融体系的思考。

The 79 th international forum of Chinese reform whose theme is'‘2014,The policy forum for emerging economies' think tank——Emerging economies are walking to the new normal 'is held at Haikou on 1st and 2nd,November2014 by China( Hainan) Institute for Reform and Development. Our publication will edit and release a part of the papers from this forum with the permission of the experts and scholars such as Zhang Jun-kuo,Wang YI-ming,Wu Xiao-qiu,Song Li,Ni Hong-ri,Cao Wen-lian,Liu Shang-xi,Wang Xiao-lu,Wang Yu-kai,Zhang Zhan-bin,Zheng Xin-li,Guo Lian,Ou Yangkai,Li Shi,Xue Lan,etc.. The articles discusses China's economic reform and development under the background of'Emerging economics are walking to the new normal',the topics contain multiple perspectives such as period transformation and growth prospects of China's catch-up growth; promoting industry development to a mid-high level by innovation; the development of capital market and the structural reform of China's finance; China's new economic normal and new trend of China's urbanization; objective,route and challengt of fiscal and tax reform at the phase of China's new economic normal; economic growth,income distribution and structural adjustment; etc.