Research Of The Financial System Reform Of China By Institutional Economics

Since the reform and opening up to 30 years, China has change the path of development from the planned economic system of Chinese characteristics socialism to the market-oriented economic system. Practice has proved that our chosen path of market reform to economic and social development in China has made great progress, it Is a correct path should continue to keep. In China, reform of financial system is actually to work in coordination the economic reform. It is also an application and imitation of Economic system at the enterprise level, Financial system reform and economic reform walked the same path of gradual, in order to comply with the market economic reform. Throughout 30 years of the development of financial markets, Especially in the past decade, China's financial market have also made remarkable progress and development as the China's rapid economic growth. Finance played an increasingly important role in the macro-control, the function of Economic performance and social services are also growing. But we should also see the present stage of China's economic and social development demand more and more financial, the existing financial system can not meet this requirement, we need to reform further our financial system in this circumstance.Report of the Seventeenth Party Congress made it clear that, Financial reform should be to promote, the tool of the nature of the financial services should be become the basic elements of social and economic development .This shows that the financial system has risen to a high level of national development strategies. The report also points out many problems and shortcomings ( supporting Institution, Rural financial Institution)of the financial system from various aspects and provides guidance and reference for the direction of financial system reform. The Report shows that the Institutional dilemma not only restricts deepen the reform of financial sector, but also become an major obstacle of economic and social development in China. Therefore, accelerating the reform of financial system started from the financial Institution.Financial Institution is an important part of the economic Institution, government has always attached great importance to it. this is not just related to the stability of the country's economic and social, it is more important that the financial Institution determines the allocation of financial resources, affecting the efficiency of the national economy and national income. As of this writing is to study in depth of financial System reform in China, come out of the basic context of the financial Institution changes, analysis of the Institution Dilemma in the reform process from theory of institution .Through a combination of theory and practice of deepening reform of China's financial institution to make some useful observations and recommendations ,It is able to further improve the financial institution the socialist market economy with Chinese characteristics. Establishment of reasonable structure, complete functions, efficiency and security of the modern financial system.In chapter one, review of financial reform and the literature review of related theory.In chapter two, introduced the theory of institutional economics and with a small amount analysis of the Combination of the financial and institutional economics.In chapter three, shows the background of China's financial institution reform and the basic process. Institutional Economic Analysis of the three stages of financial Institution change.In chapter four, the Institutional Dilemma the further deepen the reform of the financial institution.In chapter five, to make some suggestions for these Institutional Dilemma.In chapter six, to make some assessment and prospects for the development of China's financial system.