金融业增加值与高质量金融发展关系研究——基于国际比较视角

Research on the Relationship between Financial Value Added and High Quality Financial Development——An International Comparison Analysis

金融业增加值占GDP比重受资源禀赋、经济发展模式、经济结构、发展阶段、金融制度等多重因素影响。通过对新兴市场国家和OECD国家(地区)金融业增加值占GDP比重进行国际比较发现,与新兴市场国家和OECD国家相比,中国金融业增加值占比存在明显波动,2010~2015年进入快速上升期,2015年中国金融业增加值占比明显偏高。但中国金融业增加值的质量并不高,金融业效率较低。今后应通过穿透式监管,打掉我国金融市场中过多的中间融资环节,让金融更好地服务于实体经济,控制金融业增加值占比,提高金融业发展的质量和效率。

The added value of financial industry in GDP is affected by multiple factors such as resource endowment,economic development mode,economic structure,stage of development and financial system. This article compares the percentage of the added value of financial industry in emerging market countries and OECD countries over GDP. In general,compared with emerging market countries and OECD countries,the proportion of the added value of Chinas financial industry fluctuates significantly. From 2010 to 2015,Chinas financial sector has risen sharply. In 2015,Chinas financial sector accounted for a significant proportion of the GDP. The basic requirement of high-quality financial development is the coordinated development of finance and real economy. The quality of the added value of Chinas financial industry is not high,and the efficiency of the financial industry is low. In the future,through macro-prudential regulation,excessive and redundant intermediate business in Chinas financial markets should be removed in order that financial services are better served for the real economy. The proportion of value added in the financial industry should be controlled,and the quality and efficiency of the development of the financial industry should be enhanced.