Research On The Socialist Transformation Of Private Financial Industry In China(1949-1952)

The private financial industry in modern times,which belongs to the nature of national capitalism,is an important part of the whole national economy and plays a very important role in the development of the society.In the early days of the founding of the People's Republic of China,our country had made a socialist transformation of the private sector of the financial industry.In the last three and a half years,the private finance industry has realized joint management and joint management of private banks,gradually moving towards the public and private joint venture in the whole industry.The socialist transformation of the private financial industry of China,is conducive to further improve the system of socialism Chinese characteristics of financial theory,a strong comeback of historical nihilism;it can promote the private financial industry and private enterprises to further deepen and reform,and constantly improve the socialist market economic system has great effect on the development of the socialist market economy,people's living standard to improve.This article takes the private finance industry as the research object and divides into six parts to elaborate the socialist transformation of the private financial industry in the early days of the founding of the People's Republic.Although the late Qing government,Beijing government and Nanjing national government all supported private financial industry to varying degrees,but because of the long war environment and the aggravation of hyperinflation,private financial industry was struggling to survive.After the establishment of People's Republic of China,the transformation of the private sector of the financial sector has undergone three stages.In the early days of liberation,in June 1950,the state strengthened the initial rectification of private financial sector by promulgating laws and regulations,combating speculative activities and increasing capital verification.From July 1950 to the end of 1951,through the deepening of the reorganization of the private financial industry to make its business direction change,mode of operation has separated individual operation gradually toward the joint loan and joint operation and management,so as to set up a joint public-private silver uniform line at the end of 1952,to achieve the socialist transformation of the whole industry.The achievements of this transformation can not be underestimated,and the socialist financial system centered on the people's Bank of China has been set up quickly.However,there are also some shortcomings.The biggest problem is that the highly centralized financial system has seriously restricted the independence of banks,and has become inactive and innovative.Therefore,we should take a comprehensive and objective view of the socialist transformation of the private financial industry in the early days of the founding of the People's Republic of China.Through the results and shortcomings of the reform,we can see that the reform of the contemporary financial system needs to give full play to the role of "two hands" of the government and the market.The premise is to recognize the national conditions of China and carry out the reform step by step,so as to establish a financial system to adapt to the socialist market economy.