From The Party's "building" Finance To The Financial Party Building

Finance is the core of modern economy,which is also the basic way of the Communist Party of China(CPC)leading the economic work in power.The Third Plenum of the 18th CPC Central Committee put forward achieving modernization in the national governance system and governance capability,in which the most important thing is how CPC to lead the market Economy Reform and the key is to lead the Financial reform.As early as in the period of democratic revolution,the CPC paid high attention to the role of Finance,and took Finance as an important way to wrest political power.After being in power,Finance is an important foundation and substance of the CPC ruling the power.In the process of globalization,how does the CPC use the power of finance to guide economic and social operation and promote the construction of modernization with the deepening reform of market economy?How to combine the national economic goals with the political goals to achieve the development to benefit all the people and serve the objectives of the CPC's governance?From the essentially nature of the Party and the Capital,this Study compares Marxism party(and its process to use financial means)to Western political parties,and try to analyze and explain the history of the CPC leading to construct nation's financial system,as well as its mechanism of implementation in micro,meso and macro field.In the rationale of this study,we established theoretical relations between party,capital and finance in the framework of national governance,and put forward the basic concept of "Party building in finance".Political parties and capital are two important factors of national governance in which the party maintains justice,and capital pursues efficiency.These elements are two important aspects of national governance.The party and the capital are both contradictory and unified,also both antagonistic and interdependent.From the historical mission of the proletarian party,the party's leadership is an important characteristic of Communist Party,also an important principle in governance.In order to realize the will of itself,the party should lead and use the capital."Party building in financial field",means that though leading by the CPC,different resources in different areas and apartments flow and integrate,in order to produce better political,economic,social,cultural and ecological civilization products to solve the problem of governace.Essentially,it refers to the combination of monetary capital,financial credit represented by finance,and the political advantage such as political credit represented by CPC.In the part of the survey of history,this study reviews the process of "Party built finance" in the period of democratic revolution,explains the characteristics of the financial system under the leadership of the CPC during the period of socialist construction,and summarizes the historical experience of the development of the financial system after reform and opening up.This study holds that the financial system during the period of socialist construction originated from the system during the democratic revolution,and also from the Soviet model.This system is centralized,corresponding to the administrative system which was considered to be non-distinction between party and government.After the reform and opening up,the development of financial system was guided by the reform of the economic system.At the same time,in order to avoid the localization of the interest orientation of the local party committee,the institutional reform of finance must be carried out simultaneously.Therefore,after direction of the socialist market economy was determined in the third Plenary Session of the 14th CPC Central Committee,the financial reform was then put on the agenda.Among them,reshaping the Party's leadership in the financial system has become an important task."Party building in finance" in micro field refers to the organization of CPC embedding in financial sectors or financial enterprises.Using the theory of"embeddedness" in economic sociology to explain the behavior of the CPC,it can be thought that the organization of CPC mainly embeds into a system,or a certain environment and it needs to interact with the environment in order to reach their goals.Based on the theory of'embeddedness",the Party organizaiton brings its own characteristic into the enterprise through the activities of its organizations and Party members.This study argues that the Party organization is not only plays a role of a bridge as the theory of'embeddedness"with enterprise's administrative system,but also integrate with the organization of the enterprise by the expansion of its own organization and function,and finally create a new organizational form.Through such a form of organization,Party's will and views will be well implemented."Party building in finance" in meso field refers to the cooperation between the CPC and the financial sector.Through the cooperation,the power of the Party and the power of the capital are combined together to achieve the goal of governace.This study argues that the active cooperation between the Party and the financial sector,in essence,is the political credit represented by the Party or government embedding into the market credit represented by financial sector.The combination of this two kinds of credit can solve the problems that are difficult to be solved by pure market logic,such as the supply of public goods,people's livelihood problem and how to let all the people share the accomplishments of improvement."Party building in finance" in macro field refers to the financial perspective of the CPC,that is,how to use capital in the context of world economic development.Facing the challenge of the capital's expansion and mobility in globalization,the CPC promotes the ability to use capital from three aspects.Firstly,to enhance the the CPC's ability in running the market economy well by financial means.Secondly,to promote the impact of the CPC on a global scale through the radiation of capital.Thirdly,to increase national voice and representation in global affairs through the right of rule-making in worldwide.