CHINA'S FINANCIAL INNOVATION AND DEVELOPMENT Introduction

Finance serves as the cornerstone of the modern economy. In recent decades, China has witnessed a remarkable expansion in both the breadth and depth of financial activities. This period of rapid development has been underpinned by an orderly progression of financial reforms, alongside the maintenanc...

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Bibliographic Details
Published in中国社会科学:英文版 Vol. 45; no. 1; pp. 106 - 110
Main Author Li Jianjun
Format Journal Article
LanguageChinese
Published 中国社会科学院 01.02.2024
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ISSN0252-9203

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Summary:Finance serves as the cornerstone of the modern economy. In recent decades, China has witnessed a remarkable expansion in both the breadth and depth of financial activities. This period of rapid development has been underpinned by an orderly progression of financial reforms, alongside the maintenance of manageable financial risks. The financial system's scale and structure have evolved steadily, with significant advancements in the marketization and modernization of China's financial institutions, markets, and regulatory framework in the new era. This has bolstered China's economic development, played a critical role in mitigating major risks, and contributed substantially to the timely achievement of building a moderately prosperous society and realizing the "First Centenary Goal." Through this lens, this special issue aims to delve into the nuances of China's financial innovation and development, offering insights into the intricate dynamics that have shaped the current financial landscape.
ISSN:0252-9203