| First, purpose and meaning of the selected titleMaking a general survey of the course of our country's financial development in recent more than 20 years, we can find that the economic system reform is inseparable from financial structural adjustment. To set up a perfect economic system that is in conformity with socialist market economy, we can't ignore the adjustment to the finance structure. The reason is that the finance, which is regarded as the core of the modern economic system, is playing a more and more important role in the course of economic growing. Without the development and globalization of the finance, it is impossible to construct a highly developed modern market economy. Equally, without reform and developments of finance, it will take rather a long time to achieve Chinese economy's rapid development. According to the theory of financial development, any economic development or financial development is always shown as the progress and evolution of the financial structure. The promotion of financial structure is not only an important way of financial development, but also essential terms of upgrading the economic structure and realizing economy's effective growth. At present, the economic system reform of our country has already reached a vital and hard period of deepening the reform in financial system, and financial industry is facing the matter of all-side opening after entering the WTO too, and it needs to tackle the opportunities and challenges of new phase. Therefore more concerning about China's financial reform and development in the future, revealing the contradiction and problems of China's financial structure deeply, promoting the adjustment and upgrading of China's financial structure further, and raising the international competitiveness of China's financial system in an all-round way, undoubtedly have a very important theoretical and realistic meaning.Considering these mentioned above, I decided to choose the financial structure as an research object of this paper. Based on modern theories on economics and finance, and taking China's macroscopical financial structure as a main line, based itself on the China's reality, and comprehensively utilizing theoretical and empirical methods, qualitative and quantitative analysis, I explored and analyzed China's current financial structure, revealed inherent contradiction and function defect existing in China's financial structure to seek the road of balanceable and coordinating development of China's financial structure. Second, theoretical backgroundEarly in the sixties of last century, Goldsmith, the famous economist of U.S.A., put forward the theory of financial structure in his work "Financial Structure and Financial Development", and started the beginning of this theory. In the work, he makes a systematic research on the relation between the economic development and financial structure, revealed the relation between the financial interrelation ratio and the financial growth, and set up a complete set of theory and method system on weighing a country's financial structure. In the initial stage of the seventies of last century, another two U.S.A. famous economists, Mckinnon and Shaw, put forward the famous economic theories respectively: "Financial Repression Theory" and "Financial deepening Theory", and enriched and developed the financial structure theory further to some extent. Since the eighties, with the promotion of China's economic system reform and the enlargement of opening to the world, various kinds of above-mentioned financial theories permeated China's economic circles gradually, and were accepted by many Chinese scholars. After this, some Chinese scholars launched a series of fruitful research on the financial structure in different fields and levels while absorbing these theory methods, and put forward a lot of unique views and proposition of policy according to China's practical situation. Just based on the formers' achievement in research, according to my own understanding on fin... |
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