Research On China Banking Association’s Participation In The Governance Of Private Banks In The New Era

General Secretary Xi Jinping has attached great importance to the issue of social governance since the new era.The role of social organizations has been increasingly valued in the process of promoting the modernization of social governance system and governance capacity.The 19 th National Congress of the Communist Party of China proposed to "strengthen the construction of the social governance system,and improve the social governance system under the leadership of the party committee,the responsibility of the government,the coordination of the society,the participation of the public,and the legal protection." "Playing the role of mass organizations and social organizations in social governance" was emphasized through the fifth Plenary Session of the 19 th CPC Central Committee."Government Work Report" once again emphasized the need to "promote social governance,co-construction,co-governance and sharing" during National Two Sessions in 2022,which fully reflects the importance that the party and the government attach to social organizations in social governance.At present,private banks are the product of China’s socialist market economy developing to a certain stage,with Chinese characteristics.The participation of China Banking Association in the governance of private banks is an important part of social organizations’ participation in social and economic governance.Therefore,Promoting the participation of China Banking Association in the governance of private banks is not only conducive to promoting the high-quality and efficient development of banking industry,but also plays an extremely important role in completing the development of real economy,maintaining financial market stability,building an inclusive financial system,and innovating social governance.In this article,the relevant ideas of Marxist classic writers and the main leaders of Communist Party of China on the participation of social organizations in social governance are used as the theoretical source of China Banking Association participating in the governance of private banks.The empirical role of China Banking Association participating in banking governance is summarized by tracing back the status of Banking Association’s participation in banking governance in four historical processes of that in banking governance since 2000.This paper examines and analyzes the practice and current situation of China Banking Association’s participation in private bank governance in the new era from background,measures and achievements,and points out that China Banking Association’s participation in the governance of private banks currently faces the following problems: Firstly,the governance measures are not in place,and the association has insufficient understanding of its own governance role;Secondly,the governance method is monotonous and lacks more effective governance methods;Thirdly,the autonomy of China Banking Association in participating in the governance of private banks is relatively lack;Fourthly,China Banking Association is difficult to implement effectively for private banks legal regulation and lack authority.The reasons for these problems are analyzed: inexperience of scientific and advanced governance concepts;imperfect internal construction of participation in the governance of private banks;the division of functions between China Banking Association and the government in the governance of private banks is not clear;and the lack of specialized legal guarantees.To improve the current situation and enhance the ability and level of China Banking Association to participate in the governance of private banks in the new era,the following suggestions are put forward: firstly,insist on participating in the governance of private banks under the guidance of Marxist theory,establish and implement the new development philosophy;secondly,improve the internal organization construction of the China Banking Association and cultivate a team of high-quality talents who participate in the governance of private banks;thirdly,the government should improve the management system of the China Banking Association and establish a good cooperative relationship with it;finally,Improve the legal supervision of the China Banking Association,and enact special banking association laws and regulations.