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Wang Chaoyang:Current Status and Promotion Strategy of Chinese National Financial Competitiveness

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Current Status and Promotion Strategy of Chinese National Financial Competitiveness

Wang
Chaoyang

National
Academy of Economic Strategy, CASS

Abstract: The country’s financial competitiveness is a comprehensive reflection of the sovereign currency influence, the financial operating efficiency and the ability of financial services, which should be divided into three levels from the inside-out, bottom-up logic. Integrated a number of indicators, we can judge that Chinese national financial competitiveness lie in the second tier, which has a better domestic basement and a certain international influence, but there is still a large gap from the goals of great financial power. To promote the reform of China’s financial system and enhance the influence of China’s finance, we need clear the priorities and logical relations of the reform; commit to deepen international financial cooperation, to promote international monetary and financial system reform during the process of further improving and perfecting the
domestic financial system.

Keywords:
National Financial Competitiveness, Sovereign Currency, Financial Centers, Financial Institution Reform