The Financial System During The Transition Period Of Change And Innovation Research

Economy of China go through transition already for more than twenty years, according to strategic idea of "16th National Congress" of the communist party, our country should finish the economic transition task in about 2020 and realize the overall well-to-do level. Therefore, we can lock economic transition period during the time slot of 1978-2020. On this turning point, reviewing existing reform experience and expecting prospect that economy goes through transition will harvest much. The process of reform of China has been promoted by the government all the time, therefore, the finance becomes the economic best starting point of transition process of observing, and it is cut that the change of the financial system can understand and ponder over the whole reform. However, as to past document, seldom regard the inter-dynamic relations between financial system and economy go through transition as main research contents. This text put fiscal change of system into the heavy background that economy goes through transition investigate, expound that the financial system reform plays a role in advancing and guiding to the whole economic reform all the time, economic process that go through transition at the same time can put forward request to financial change of system too, the two are inter-dynamic relations. The basic reason concerned in this kind of inter-dynamic lies in the financial system is not merely a part of the market economic system reform, and one of the strength of promoting market economy sprouting, development, arranged by the basic system of government's macro adjustments and controls.Since reform and opening-up, the financial system has gone through the great innovation three times: Set up the financial system of" cooking meals separately and having a meal " in 1980, raised the curtain for overall rationing system of the financefor the first time; It is a reform of system of tax allocation in 1994 for the second time, set up the financial system which accorded with the requirement of the market economy tentatively; It is the public financial system reform carried on since 1998 for the third time, it is the only road of perfecting the market economic system. These different innovation three times corresponds to cultivation, development of market economy separately and perfects stage, have reflected the financial distribution orientation of different periods and economic focal point of the reform separately. Proceed with financial system and analyze the process of the whole transition have great meaning to whole operation performance that go through transition of economy. The end of this paper carry on perspective thinking to the perfection of the financial system, and put forward the direction innovated further.