中国的开发性金融是有中国特色社会主义金融体系的有机组成部分

Development Finance:An Integral Part of China's Socialist Financial System with Chinese Characteristics

长期公共融资具有超前性、社会性和公益性等公共产品属性,面临着市场失灵和政府失灵的挑战。中国探索出的开发性金融模式服务国家战略,依托信用支持,不靠政府补贴,市场化运作,自主经营,注重长期投资,保本微利,财务上具有可持续性,具有信息优势、规模效应和跨期效应,能够弥补商业性金融和政策性金融的不足。中国的开发性金融是有中国特色社会主义金融体系的有机组成部分,社会主义国家治理能力是开发性金融健康可持续发展的前提,公有制为主体、多种所有制经济共同发展的基本经济制度是开发性金融有效运行的制度基础,双支柱的宏观金融调控框架为开发性金融发展提供了制度保障。

Like public goods,long-term public financing is anticipative,social,and non-profitable,facing the challenges of market failure and government failure.Boasting information advantage,scale effect and inter-temporal effect,the pattern of development finance established by China makes up for the deficiency of commercial and policy-oriented finance.Based on credit support,this pattern serves our national strategy and works well without government subsidies.Moreover,development finance is operated based on the market and managed independently.It is intended for long-term investment and follows the principle of'protecting principal and making marginal profits'.so this financing pattern is sustainable financially.Development finance is an integral part of China's socialist financial system with Chinese characteristics.The governance ability of a socialist country is the premise for its healthy and sustainable development finance.The fundamental economic system,in which public ownership plays a leading role while diversified forms of ownership develop side by side,underpins the effective operation of development finance.A double-pillar macro control framework gives institutional guarantee for development finance.