Government-led Model And The Shanghai Securities Market Development In The Context Of Building An International Financial Center

In April 2009, the State Council issued the "State Council on Promoting Shanghai to speed up the development of modern service industry and advanced manufacturing building international financial center and international shipping center" which views the introduction of the central government of Shanghai to develop the financial services industry, the establishment of an international financial center, The view reflects the government's will and the national strategy. The development of financial market system is the key of Shanghai international financial center construction, and the securities market, which known as the "barometer of the economy," is the core of them. Shanghai, must have an implementation with international standards, norms healthy, fully functioning securities market, can be referred to as an international financial center.In recent years, the Shanghai securities market deepens reform, researches innovation. The status of securities market in the national economy becomes more and more important; the securities market for the economic and financial development, as well as to promote economic development model transformation is significant. The State Council on the construction of Shanghai international financial center's development, has brought a historic new opportunities for development of Shanghai securities market. However, faced with new opportunities, we feel that time is tight and task is heavy. The Shanghai securities market's development is becoming an important issue in the process of building an international financial center of Shanghai, but also become very urgent with the implementation of the central government.While the Shanghai securities market has great development, but with several major international financial center, compared to the securities market is still fairly far behind. Our goal is to establish an international financial center by 2020, but to catch up with these countries in the short term, through the market itself, momentum has been beyond their grasp. It could not be completed within the short term without a strong government push. Therefore, in the context of such a development, and only in accordance with "government-driven" mode, give full play to the government's macro guidance, support and guide, we should fully rely on the government to promote the "latecomer's advantage", drawing on international experience, grasp the features of China's sustained and rapid economic development, and comprehensively promote the financial reform, financial liberalization and further expansion, take great strides, high demand, cross-age super-normal development path, and can not be expected in a fully market-oriented push.Therefore, this article starts to research the relationship between the construction of the international financial center and development of securities markets first, analyze the world's leading international financial center in the securities market development model, combined with the requirements of the central government to develop the Shanghai financial services industry, based on the realistic basis and conditions of securities markets in Shanghai, study the backdrop of building an international financial center in Shanghai, we should use what mode of development and play a role in the model quickly and effectively to develop the Shanghai securities market. At last, elaborate the government's specific measures taken to enhance the development of Shanghai's securities market in line with international financial center.