我国金融资源“脱实向虚”的治理路径——基于主体行为动机的分析

The Governance Path of“from Real to Virtual”of Financial Resources in China--Analysis Based on Subject Behavior Motivation

从我国经济运行的现实出发,采用马克思经济学的分析范式,对日益加剧的金融资源“脱实向虚”过程中的经济主体行为进行分析,指出地方政府、企业、金融机构及企业家基于自身利益诉求最大化的行为动机是推动并加剧金融资源“脱实向虚”的重要力量。基于此,对金融资源“脱实向虚”进行治理的根本路径在于振兴实体经济,采取深入推进供给侧改革、国有企业改革、财税体制改革、金融监管制度改革及地方政府绩效考核制度改革等在内的综合改革措施。

Starting from the reality of China's economic operation,this paper adopts the analytical paradigm of Marxist economics to analyze the behavior of economic subjects in the process of increasing financial resources“from real to virtual”,pointing out that the behavioral motivation of local governments,enterprises,financial institutions and entrepreneurs to maximize their own interests is an important force to promote and aggravate the“from real to virtual”of financial resources.Based on this,this paper puts forward that the fundamental path of governance of financial resources from real to virtual is to revitalize the real economy,and to this end,we should take comprehensive reform measures,including the supply side reform,the reform of state-owned enterprises,the reform of fiscal and taxation system,the reform of financial supervision system and the reform of local government performance appraisal system.