The Study Of China's Financial Security In The Bottom Line Of Monetary Sovereignty

With the development of economic globalization,national security is no longer confined to the traditional areas.Financial security has become a key issue,and related to international situation closely.Internationally,whether the Asian financial crisis in 1997,or the 2008 financial crisis and the 2010 European sovereign debt crisis,all these have proved the importance of financial security and the tremendous impact of international market.At the same time,it reveals the imbalance of existing international financial order and the spillover of the national economic policy,especially the developed countries,producing unsafe factors to other countries.On the other hand,the rise of emerging countries makes a significant contribution to the recovery and development of the world economy after the 2008 financial crisis,showing the illogicality of the existing international financial order and the subtle changes of the world pattern after the crisis.In China,the internationalization of the RMB,interest rate reform,the opening of capital account,the birth of a new national security concept,the new economic normal,community with a shared future,the Belt and Road Initiative,Asian Infrastructure Investment Bank,and other new words and new things are significant to financial security of China.At the same time,these new progresses also reveal new requirements for financial security of China,reminding us to pay more attention to financial risks,and maintain financial security while integrating into the world,reaping the benefits and enhancing the international status.The paper mainly concentrates on the current situation and issues of China's financial security.The paper adopts the logic of "what,why and how",mainly divided into six parts.The first part discusses the research background,meaning,research ideas and methods,and deficiencies and possible innovation.The second part is to clarify the concept of financial security and monetary sovereignty,revealing the importance of financial security,especially monetary sovereign,from the perspective of Chinese history and world history.The third part discusses the financial security status and existing main problems from three levels of financial institutions,financial markets and the economy,from micro to macro.Whether it is excessive foreign exchange,or large-scale flow of capital,all these will increase the risk of RMB operation and have a certain impact on monetary sovereignty if not managed carefully.Whether the imbalance of financial innovation and financial regulation,or the mismatching of international status and economic strength,all these will increase the financial risks and threaten the financial safety.The fourth part is to analyze deeper-level reasons of the problems from both internal and external hands.Internal reason mainly lies in Irrational economic structure and imperfect financial supervision system.External reason mainly lies in the irrational international financial order,especially the the dollar hegemony under the protection of international monetary system.The fifth part discusses the strategic significance of Asian Investment Bank of China's financial security,the sixth part put forward corresponding countermeasures and suggestions.Finally,on the basis of analyzing the strategic significance of Asian Investment Bank,this paper puts forward corresponding countermeasures and suggestions.