中美金融市场结构比较及其对中国的启示

A Comparison of Financial Market Structure between China and USA and Its Enlightenment to China

金融市场结构是一国金融发展的重要变量和要素,优化金融市场结构不仅是新时代中国金融市场高质量发展的必然要求,也是“十四五”时期夯实现代化经济体系的重要内容。优化金融市场结构是一项较为复杂的系统性工程,受到金融制度安排、金融创新能力、金融开放程度和金融科技水平等诸多因素的影响。中国应积极借鉴美国等发达国家的成熟市场经验,更好地促进金融市场结构的优化与完善。优化路径主要包括扩大滞后金融市场规模、改善金融市场要素配置、推动金融市场协调发展以及强化金融市场基础功能等。

The financial market structure is an important variable and the element of a country’s financial development.Optimizing the financial market structure is not only an inevitable requirement for the high-quality development of China’s financial market in the new era,it is also the important content of tamping the modernized economic system in the period of the 14th Five-Year Plan.Optimizing the structure of financial market is a complicated systematic project,which is influenced by many factors,such as financial system arrangement,financial innovation ability,financial openness and financial technology level.To optimize the financial market structure,we should not neglect the mature market experience of USA and other developed countries,so as to promote the optimization and perfection of China’s financial market structure.The optimization path includes enlarging the scale of lagging financial market,improving the allocation of financial market elements,promoting the harmonious development of financial market and strengthening the basic function of financial market.