Chen Daofu: The people's nature of finance and the Chinese characteristics of finance
Economic development. 
There are at least three dimensions to the people's nature of finance. The first dimension is to be more in line with Chinese modernization and better serve the national strategy. Chinese-style modernization and national strategy are summarized, refined and sublimated based on the people-centered development ideology. Therefore. The people's nature of finance is first manifested in the need to better support Chinese-style modernization and better meet and realize the national strategy. In addition, finance itself needs to take the initiative to put people at the center. Finance is based on the relationship of trust, the coordination of the relationship between people, based on the market-oriented principle under the framework of good governance, and better play the financial function is the most important principle of practicing the people's nature in the financial field. Specifically, it is necessary to enter into the service of customers, take the customer as the center, re-attach importance to the human factor in financial relations, be able to take root in China's national conditions, start from the needs of customers and the people, and provide effective and low-cost financial products and services by more market-oriented and effective means. The second dimension is to prevent deviations from the people-centered, which is manifested in self-entertainment, or the self-circulation of capital and financial operations, and also in the self-centered transfer and corruption of various interests that emphasize the interests of individuals and small collectives. Therefore, in order to ensure the people's nature of finance and give better play to its financial functions, it is necessary to strengthen the legal system and supervision under a balanced and effective governance mechanism, especially to improve the effectiveness of supervision. The people's nature of finance is that in an open environment, under the rule of justice and balanced governance, the financial industry can find value and grow together with customers, be more self-disciplined, integrate with the era we serve and the economic environment in which we live, and reflect its own value in the process of truly serving the people and serving the economy, rather than becoming local value and local interests. In the third dimension, the current stage of high-quality development places special emphasis on solving the problem of imbalance and insufficiency, and the people's nature of finance also needs to make outstanding achievements in the fields of inclusiveness, science and technology, and pension. In the process of exploring and realizing the people's nature of finance, a financial system with Chinese characteristics will be formed. In the past 40 years of financial development, China's financial system has initially acquired Chinese characteristics. Of course, the current characteristics of China's financial system are to adapt to the past factor-driven catch-up economic growth model, which is emerging in the process of iteration and integration with China's economic system, people's demand characteristics, and our culture and society. Specifically, after so many years of development, China has built a very complete financial market, institutions and product system, and the financial infrastructure is relatively complete and relatively advanced. China's financial operations have the following characteristics. 1.Industry and finance are isolated to a certain extent, adhere to the division of business management, separate supervision, in recent years to develop a certain degree of comprehensive operation and stricter supervision. 2.The financial system is dominated by indirect financing, and the financial institutions are dominated by state-owned institutions. In terms of financial funds, short- and medium-term debt financing is the mainstay, while medium- and long-term debt financing and equity financing are relatively insufficient. 3.At a deeper level, the financial system has developed a regulatory framework that integrates planning, monetary and fiscal planning, demand management and structural reforms. Projects and planning are taken as important behavior management contents, and finance and currency are used as "two money bags" to support behavior management. The two cooperate with each other to check and balance, forming a very large management framework that attaches special importance to coordination and coordination. We've built this framework at both the ** and local levels. 4.The trust foundation of financial operation is mainly based on the external trust of ** and things. The basis of financial operation is trust, and different trust will produce different financial operation models. In China's actual financial operation, we have seen more national credit and material credit, and trust outside the financial system plays an important role in the financial system. China's financial institutions have not yet cultivated an endogenous trust mechanism based on transactions and counterparty capabilities, and institutional trust is not strong. 5.China's risk disposal does not pay much attention to market clearance, to prevent excessive volatility and bankruptcy exit of institutions. In the process of dealing with financial risks, China attaches more importance to stability and effectiveness, and attaches more importance to the coordination of the market, the market and institutions to promote the effective resolution of risks. These are features that have been developed over the past 40 years. This is something that we need to acknowledge and accept, but we must not "lie down" on these characteristics. China's financial characteristics should be adapted to the future economic development model, and further explored and created through our effective reform. As China enters a new era of building a Chinese-style modern power, and enters the stage of high-quality and balanced growth driven by factor innovation, China's existing financial system is not suitable for the requirements of our times and the people. The people's nature requires that our financial system need to better adapt to the new era, new ideas and new development models. From the perspective of the development of the financial system itself, or from the perspective of financial supply, China's financial system has also experienced a certain degree of unadaptability, insufficient functions and imperfect governance, which we need to reform and develop. Therefore, we should not only recognize and accept the results of our past efforts, but also let them better play a more comprehensive financial function on the basis of the existing financial characteristics. At the same time, we also need to further reform and develop, especially the establishment of a balanced governance mechanism, an effective rule-forming mechanism and an enforcement mechanism, which can promote the continuous growth of financial entities, promote the improvement of the financial system and the development of the market, so that the functions of the financial system can be more perfect, can be more adapted to China's real economic operation, and can better meet the requirements of Chinese-style modernization. In short, financial development is people-centered, which means building a market-oriented financial system with Chinese characteristics on Chinese soil. This financial system must be able to realize the national strategy in a market-oriented manner, and it will be a safe and stable financial system that is more open, effective, and well-governed and regulated. This financial system must be a process of the people serving the people, and it is built through the people's hard work in the process of balancing the conflicts of interests of different groups of people to promote the improvement of the overall well-being of the people, more rational distribution and virtuous circle. [Chen Daofu: Member of the Chang'an Street Reading Club, Deputy Director of the Finance Institute of the Development Research Center].
Note: Authorized to publish, this article has been selected and included in the "Chang'an Street Reading Club" theoretical learning platform (People's **, People's Political Consultative Conference Daily, Beijing**, Xinhuanet, Central**, National Party Media Information Public Platform, Horizon, Beijing Time, Surging Government Affairs, Phoenix News Client "Chang'an Street Reading Club" column synchronization), * must be uniformly marked "Chang'an Street Reading Club" theoretical learning platform source and author.
Editor-in-charge: Liu Xingyue；Preliminary review: Cheng Ziqian, Chen Jiani; Re-examiner: Li Yufan.
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