In addition, the marketization of interest rates has been continuously promoted, and a market benchmark interest rate system has been established, further strengthening the market pricing mechanism.
The following is a paper on the role of financial market in economic development, which is recommended to everyone. I hope you like it! The role of financial market in economic development: the impact of China's financial marketization reform on economic development [Abstract] The deepening of financial marketization has affected China's economic development, and there has also been a transformation of economic structure.
Based on this, this paper mainly summarizes the connotation of financial marketization, analyzes the reform of financial marketization from different angles, and discusses the relationship between financial marketization and economic growth and economic structure optimization.
[Keywords:] financial marketization; Reform; Economic development; After discussing the financial marketization, we realize that the socialist economy is usually a market economy.
To make it develop healthily and rapidly, it is necessary to change the traditional planned economy model to a market economy model.
In this process, financial marketization plays a more important role.
Economic marketization reflects the requirements of financial marketization to some extent. Theoretically speaking, economic marketization is the premise of financial marketization.
1 Overview of Financial Marketization in China 1. 1 Connotation of Financial Marketization in China Finance is the main product of the development of socialized commodity economy, and it is also the floorboard of monetary financing.
The development of commodity economy has brought China into a market economy, and the market economy has gradually broadened the channels of financial operation.
It not only improves the efficiency of capital allocation in China, but also expands financial institutions to a certain extent, meeting the needs of all aspects of financial activities.
With the reform of economic system and the development of commodity economy, people begin to pay attention to the role of finance.
Around the development of commodity economy, finance has also begun to reform gradually.
The main purpose of financial reform is to realize the transformation from planned economy to market economy. Therefore, China's financial marketization is a process from planned finance to market finance.
China's financial marketization has rich connotations, different connotations from different angles, different financial operation modes and different contents. According to the operation mode, we can conclude that the content of financial marketization has three aspects: first, improve the planned operation of credit activities and establish corresponding operation systems according to market mechanisms; The second aspect is to broaden financing channels by developing direct finance; The third aspect is to restore the regulatory role of the interest rate mechanism and promote the marketization of interest rates.
According to the financial constitution, we can draw five aspects of financial marketization: reshaping the financial system according to the development of market finance; Turn state-owned banks into real financial institutions through commercial transformation; Gradually improve the financial market system; Improve the direct financial supervision and establish a sound financial system; By improving the foreign exchange management system, we will expand the scope of financial opening to the outside world.
1.2 the process of China's financial marketization reform in recent years, China's financial marketization reform focused on deregulation and gradually established a multi-level market-oriented financial system.
For the relaxation of access management, there are both internal and external relaxation of the financial industry.
Internal relaxation is mainly to encourage private capital to enter the financial market and promote the property rights reform of financial institutions.
Encourage private capital to participate in the reform of capital increase and share expansion in banking, securities and insurance industries.
In addition, it also supports private capital to participate in microfinance companies.
On the premise of strengthening management and preventing risks, the financial industry has increased the participation of private capital and further enhanced its ability to serve agriculture, countryside and farmers.
In the process of market-oriented reform, the financial industry also encourages financial innovation, circumvents administrative control in various ways, and constantly responds to various market demands.
In the process of financial marketization reform, interest rates and exchange rates have also been reformed, a market-oriented interest rate system has been constructed, the application of market-oriented products has been expanded, and the marketization of interest rates has been promoted.
In the process of promoting interest rate reform, it is necessary to improve the central bank's interest rate regulation system, dredge interest rate transmission channels and establish interest rate pricing mechanism.
In the exchange rate reform, floating exchange rate is managed on the basis of market supply and demand, which keeps the stability of RMB exchange rate.