Research On Balance Of Preventing And Defusing Financial Risks And Optimizing The Financing Environment Of Private Enterprises From The Perspective Of Modern Financial Governance

Since the battle to prevent and defuse financial risks,with the introduction and implementation of a series of "strict supervision" policies,all kinds of financial risks have been convergent and controllable,China's financial leverage ratio has been effectively controlled,and the financial system is generally sound.However,the following is the further deterioration of the financing environment of private enterprises,financing difficulties,financing expensive problems of private enterprises once again highlighted.In order to cope with this problem,the Chinese government is taking various measures to alleviate the financing difficulties and expensive financing problems faced by private enterprises.To some extent,the financing environment of private enterprises has been improved.However,the leverage ratio in some sectors has recovered rapidly due to the continuous policy relaxation.How to explain the theoretical implications of preventing and defusing financial risks and optimizing the financing environment of private economy to achieve balance,and how to promote the sound and rapid development of private economy under the background of "risk prevention",which answers urgently needed in theory and practice.The contradiction between preventing and controlling financial risks and optimizing the financing environment of private enterprises is essentially the contradiction between government intervention and market operation,and the root cause is that the government's financial governance system and governance ability cannot meet the requirements of modern financial development.The coordination of the two essentially involves the reform of the financial system structure,the reorientation of the government's economic and financial functions,and the distribution of the government's financial management power.Therefore,from the perspective of the modernization of financial governance,this paper gives the answer of how to promote the balance between preventing and defusing financial risks and optimizing the financing environment of private economy at the theoretical and practical levels.Financial governance is an important part of national governance system,is the manifestation of national governance and government governance in the financial field,are the institutional arrangement and mutual relationship among various financial activities to maintain financial stability and promote national economic development under the framework of national governance,and are the ways,methods,approaches,processes,and capabilities of governance.This paper considers that,the concept and framework of "financial governance" is more suitable for explaining and responding to the complex financial affairs management activities and prominent contradictions and problems in the financial field,in the context of promoting the modernization of the national governance system and governance capacity,the implication of its theoretical development and practical exploration is to improve the modern financial governance system and shape the modern financial governance capacity,that is,to realize the modernization of the national financial governance.This paper discusses how to prevent and defuse financial risks and optimize the financing environment of private enterprises is an important contents of the modernization of financial governance.Specifically,the inevitable requirement of realizing the modernization of financial governance is that financial risks are controllable,including that ensure sound governance of shadow banking,Internet finance and inter-bank business.At the same time,strike a balance between reform,development and risk prevention to avoid major financial risks.The realistic foundation for realizing the modernization of financial governance is to strengthen the ability of financial services to the real economy and optimize the financing environment of private enterprises,especially SEMs,so as to inject a steady stream of vitality into the financial system and lay a solid foundation for financial innovation and development.And by inference,the construction of the framework of modern financial governance is of great theoretical significance to ease the prominent contradiction between preventing and defusing financial risks and optimizing the financing environment of private enterprises,and to realize the unification and balance of the two.The core purpose of the modernization of financial governance is to require the government to perform the function of modern financial governance,one is to further enhance the market awareness,clear government intervention boundary,promote financial marketization degree,give play to the decisive role of the market in allocating financial resources,the second is to through the establishment of the financial market system,promising to support the financing of private enterprise actively,on the basis of the preventing and defusing financial risks,optimize the environment of private enterprises financing constantly,so as to realize the transformation from "financial supervision" to "financial governance" and promote the modernization of financial governance.This paper mainly studies how to realize the balance between preventing and defusing financial risks and optimizing the financing environment of private enterprises,that is,how to deal with the relationship between preventing and defusing financial risks and optimizing the financing environment of private enterprises.On the whole,based on the practical state of the change of financing environment of private enterprises in the context of preventing and defusing financial risks,this paper investigates the deviation and failure of financial governance by constructing the analysis framework of modern financial risk governance,then seek to advance the feasible paths of financial governance modernization.Specifically speaking,firstly,this paper studies the positive and negative effects of preventing and defusing financial risks on the financing environment of private enterprises.On the one hand,preventing and defusing financial risks can further prevent the tendency of financial "turning from real to virtual",enhance the willingness and ability of financial service entities,and thus optimize the financing environment of private enterprises.On the other hand,preventing and defusing financial risks makes the financing channels of private enterprises narrow,prompts Banks to tighten credit policies and reduce the loan shares of private enterprises,thus exacerbating the liquidity risks and financing difficulties of private enterprises.Secondly,the paper holds that the theoretical purpose of preventing and defusing financial risks and optimizing the financing environment of private enterprises to achieve a balance is modernization of financial governance and promote the transformation from traditional financial supervision paradigm to financial governance.The foundation of modernization of financial governance is to realize the modernization of financial governance system,governance capacity and financial governance model,is the modernization of financial governance system and the financial governance structure,is the diversity of financial governance subjects,finance governance tools,is the modernization of policy supply ability,organization and coordination ability,social mobilization ability,the financial services,and general governance ability,and it emphasizes the department conformity and pluralistic integration in financial governance.Again,from the current practice of preventing and defusing financial risks and optimizing the financing environment of private enterprises,an unbalanced performance of preventing and defusing financial risks and optimizing the financing environment of private enterprises is the change of financing difficulty of private enterprises before and after preventing and defusing financial risks,different enterprises have different financial risks and financing levels due to the differences in scale,type,credit and even implicit social status,as well as the financial resource allocation and the development of the real economy is uncoordinated and unadaptive in structure caused by the inhibition of the financial industry development.The reason lies in the problems and deviations of financial governance system,structure,policy and ability to coordinate and mobilize,as well as the long-term absence of fair competition mechanism in the financial system,the potential contradiction between administrative intervention and market regulation,the governance failures caused by the inherent contradictions in financial system and financial governance system.Starting from the two theoretical analysis dimensions of financial governance deviation and failure,by constructing the attribution analysis structure of preventing and defusing financial risks and optimizing the financing environment of private enterprises from falling into imbalance,the general rules of preventing and defusing financial risks and optimizing the financing environment of private enterprises from falling into imbalance have been systematically revealed.Finally,this paper argues that to optimize the financing environment of private enterprises in the context of preventing and defusing financial risks,it is necessary to improve the deviation of financial governance and correct the failure of financial governance.First,adopt diversified governance tools,continue to promote financial governance means of science and technology,enrich the existing governance concept.Second,actively participate in global financial governance and promote the establishment of a more orderly and effective global financial governance system.Third,establish a comprehensive governance policy regulatory framework,and establish a long-term mechanism to optimize the financing environment of private enterprises.Fourth,promote the "meta-governance" process of modern financial governance,and provide various institutional mechanisms to support the realization of financial governance.Fifth,clarify the boundary between government intervention and market regulation,and establish incentive and constraint mechanisms for governance bodies,as well as risk-sharing and accountability mechanisms.Sixth,improve the financial legal system,the financial regulatory system,the financial legal person governance system and other financial governance systems,continue to promote the reform and opening up of the financial market,and enhance the price discovery function of the financial market.