Research On Countermeasures Of Local Government To Promote High-quality Development Of Financial Industry

In February 2019,the 13th Collective Learning Conference of the 19th Political Bureau of the CPC Central Committee proposed to deepen financial supply-side structural reform and promote high-quality development of financial industry.After shifting to the stage of high-quality development,it was proposed for the first time to promote the high-quality development of the financial industry.Since the 19th National Congress of the Communist Party of China proposed that China's economy had transformed from high-speed growth stage to high-quality development stage,it was first proposed to promote the high-quality development of the financial industry.For a long time,financial management has been the central authority,and local governments have focused on ensuring service for promoting the development of the financial industry.The Fifth National Financial Work Conference held in July 2017 clearly stated that financial management is mainly a matter of central authority and local governments must strengthen the disposal responsibility for territorial risk in accordance with the central unified rules.Finance is the core of modern economy.Finance stay alive can drive economy alive;financial stability can ensure economic stability;economic prosperity can promote financial prosperity;strong economy promotes strong finance.Under the new situation,local governments should take more proactive measures to promote the high-quality development of the financial industry,thereby ensuring high-quality economic and social development.As a weak second-tier provincial capital city,provincial economic center and financial center,Nanchang has strong representativeness and typicality in its economic and social development.This article takes Nanchang City as an example to study the countermeasures of local governments to promote the high-quality development of the financial industry.Firstly,this article states the research background significance and the related researches on the government's promotion of the financial industry by domestic and foreign scholars.This article also introduces the concepts of financial industry,high-quality development and the high-quality development of the financial industry and analyzes market failure theory,external economy theory and scale economy theory.Secondly,this article comprehensively sorts out the development status of Nanchang's financial industry and government practices,presents opportunities for high-quality development of Nanchang's financial industry.Thirdly,it deeply analyzes the deficiencies of Nanchang's financial industry relative to high-quality development requirements and reasons from government perspective,draws lessons from the practices of Shenzhen and Wuhan to promote the development of the financial industry.Finally,this article puts forward four countermeasures for the Nanchang Municipal Government to promote the high-quality development of the financial industry.The first is to make overall top-level design,including scientific planning and enhancing job security;the second is to make up for the shortcomings of financial services,including improving the modern financial system,deepening financial reform and innovation,and broadening financial service channels;the third is to develop and strengthen the capital market,including tackling key difficulties,strengthening the construction of echelon,reducing the cost of listing,and uniting the efforts of all parties.The fourth is to maintain local financial stability,including preventing and defusing financial risks,strengthening the financial rule of law,and strengthening the coordination of central and local supervision.