中国金融市场体系的未来取向——十九大报告蕴涵的金融元素

Chinese Financial Market System’s Future Orientation: Financial Elements Implicated in the Political Report to the 19th National Congress of the Communist Party of China

文章侧重于解读十九大报告中关于我国经济社会尤其是金融发展的部署和指向,围绕报告蕴涵的金融元素体现在“转型、创新、开放、安全”等方面的战略性指向,借鉴不同国家或经济体选择金融市场体系的实践经验,基于中国经济从高速度增长向高质量发展的转型特征,集中阐释了适应于现代化经济体系的中国金融市场体系未来取向。同时指出,在这个过程中,原来服务于政府主导、投资驱动的经济发展模式的金融市场体系,势必进行相应转变,包括市场化资源配置机制、协调基础性金融市场与创新改革、规范政府和国有企业行为、重点发展直接融资、提升监管水平及金融业双向开放等。

This article analyzes the plan for China＇s economic and social development, especially financial development, defined in the political report to the 19th National Party Congress. Focusing on the strategy for promoting financial transition, innovation, opening and security, drawing on international experiences in developing the financial market and based on China＇s transition from rapid economic development to quality development, this article designs a future for China＇s financial market suited to the modern economy. The original financial market that serves economic development dominated by the government and driven by investment will inevitably change to, among others, develop a mechanism for allocating market - oriented resources, coordinate financial market innovation and reform, regulate government and SOE behavior, develop direct financing and improve regulation and the two - way opening of the financial sector.