Financial Theory And China's Financial System To Build

This thesis is divided into four parts. The first one accounts for the writingoriginal intention;the second one evaluates the progress of the research on DengXiaoping's financial theory;the third one describes the evolution of the theory;thelast part summarizes the six aspects of the theory.Academic studies on Deng Xiaoping's financial theory mainly focus on threeperiods: the beginning period is before 1997;during 1998-2003 is the developmentone and after 2004 it turned deeply. Every period show different characters.Generally speaking, Deng Xiaoping's financial theory was held high and regardedas a part of political economics of the development of modern economy and ofsocial financial theory with Chinese characteristics. It is generally remarked as thebasic content of Deng Xiaoping's financial theory that finance is the core ofmodern economy, banks should be transformed into real banks and monetary policyshould be valued.The evolution of Deng Xiaoping's financial theory and Chinese financialsystem are interrelated: during the Interior Revolution Wars between 1931 and1948, Deng put forward the idea of establishing agricultural banks to help the poor,and emphasized the importance of the bank;during the recovery and constructionof the national economy between 1949 and 1976, such as the idea that energy ofgovernment should be transformed to stabilize financial market and that the capitalof banks should be reinforced;between 1977 and 1997, Deng said that penaltyareas should not be set, banks should be regarded as the lever of economicdevelopment and the innovation of technology, banks should become real banks,finance is the core of modern economy and that experiments should be carried outbravely.The implications of Deng Xiaoping's financial theory are rich. In addition tothe generally recognized idea that finance is the core of modern economy, banksshould become real banks and that capital market should be bravely opened up, theauthor pays particular attention to that the financial system of china should beinnovated first in thoughts, a great number of professional personnel that abide byeconomic laws should be fostered, the formulation of policies should be based onthe people's welfare. Similar viewpoints to these points can be retrieved in theViews of Scientific Development advocated at present.