Structural Issues in the Development of China's Financial Sector

Author: Li Jian et al
Publisher:
Publish Date: 2004-12-01
Features: To maintain the leapfrog development of China's economy, robust and efficient financial development is essential as support. In the process of financial development, both quantitative growth and structural coordination are equally important, especially when the total growth reaches a certain level, the improvement of development stage and efficiency is often constrained by structural issues. Financial structure not only has a significant impact on micro-financial operations and macro-financial regulation but is also a decisive factor for the financial industry to achieve stable development and fully play its active role. In the future development of China's finance, the path of quantitative growth and accelerated speed has become unsustainable, and it is necessary to change the mindset and fully reflect the fundamental requirement of emphasizing structural coordination in the Scientific Outlook on Development, focusing on structural adjustment to promote the reform, opening-up, and development of China's finance. This book theoretically studies the formation, transformation, effects of financial structure, and its internal links with financial development and economic development. It explores the evaluation perspectives and measurement issues of the rationality of financial structure and designs an analytical indicator system for financial structure. The book adopts a large amount of statistical data to conduct multi-dimensional and three-dimensional empirical research on the current state of China's financial structure from five aspects: financial industrial structure, financial asset structure, and financial openness structure. It analyzes the causes and existing problems of the current financial structure in China, clarifies the basic principles, ideas, and implementation strategies of structural adjustment and optimization, and proposes corresponding optimization measures.