中国金融2012年第18期 China's financial 2012 period of 18

　　这些年来，我国按照渐进性主动性市场性原则推进经济改革，逐步确立了中国市场经济地位。金融业也在改革开放中稳步健康发展。通过一系列制度安排，金融调控监管体系、金融服务体系以及金融市场体系日臻成熟，基本建立了适应社会主义市场经济要求的金融体制和金融运行机制。

Over the years,According to the principle of our country progressive initiative marketability reform,Gradually established China's market economy status.The financial industry and in reform and opening up the healthy development of steadily.Through a series of institutional arrangements,Financial regulation supervision system/Financial service system and financial market system more and more mature gradually,Basic established a socialist market economy requirement of the financial system and financial operation mechanism.

　　市场化改革最突出表现是金融市场运行机制的形成和完善。货币市场、资本市场、保险市场不断发展，日益成为资源配置、风险管理、资产管理以及资本形成的重要途径与机制。特别是最近几年，我国债券市场快速发展，金融基础设施不断完善，新的金融工具和金融产品不断涌现，改善了金融结构以及经济金融运行的基础，并为深化包括利率、汇率在内的各项改革创造了良好条件。金融转型步伐加快，银行服务更加多样化、个性化，传统银行业务模式开始转变。证券市场治理不断改进，促进了经济改革和市场主体的投融资需求。保险市场跨越式发展，成为全球增长最快的市场，逐步成为经济和民生保障的重要手段。

The most outstanding performance of the marketization reform is financial market operation mechanism of the formation and perfect.Money market/Capital market/Insurance market development,Is increasingly becoming the allocation of resources/Risk management/Asset management and capital formation is an important way and mechanism.Especially in recent years,Rapid development of China's bond market,Financial improving infrastructure,New financial tools and financial products are constantly emerging,To improve the financial structure and the economic and financial operation of the foundation,And for deepening including interest rates/Exchange rate inside each reform created good condition.Financial transformation to speed up the pace,Bank service more diversified/personalized,The traditional banking business pattern began to change.Securities market management continuous improvement,To promote the economic reform and the main body of market, investment and financing needs.Insurance market great-leap-forward development,Become the world's fastest growing market,Gradually become the people's livelihood guarantee economic and the important means.

　　金融机构改革是市场化改革的亮点。经过一系列商业化、市场化改革，我国各类商业性金融机构日益成为自主经营、自负盈亏、自我约束、自担风险的市场主体，竞争更加充分，效率不断提高，综合实力显著增强。特别是通过国有金融机构的股份制改革并成功上市，我国金融业脱胎换骨、化蛹为蝶，运行机制和管理方式发生了显著变化，金融机构资本和产权日益多元化，公司治理机制逐步健全，全面风险管理能力以及服务实体经济能力明显提升。

Financial institution reform is the highlight of marketization reform.After a series of commercialization/Marketization reform,Of China's various types of commercial financial institutions is increasingly becoming the autonomy in operation/Responsible for their own profits and losses/self-discipline/Obtain at his own risk market main body,Competition more fully,Efficiency continuously improve,Comprehensive strength significantly enhanced.Especially through state-owned financial institutions joint-stock reform and successfully listed,China's financial industry thoroughly remould oneself/Pupate for adjustment,Operation mechanism and management way has had the significant change,Financial institutions capital and property rights increasingly diversified,Gradually improve the corporate governance mechanism,Comprehensive risk management ability and service entity economy capacity significantly improve.

　　与此同时，我国金融管理制度也有了质的飞跃。我国已经形成以人民银行为中央银行，金融各业分业经营和监管的金融管理体系。金融调控监管更加市场化，中央银行的治理更加完善，透明度和调控艺术日益提高，逐步实现从偏重运用数量型工具向更多地运用价格型工具的转变，形成了中央银行与金融机构新型的市场关系。金融监管更加市场化、专业化和国际化。特别是最近几年，我国借鉴国际经验，创造性地引入了一系列现代管理制度，加强宏微观审慎管理、资本监管以及偿付能力管理，金融管理日益现代化。

meanwhile,China's financial management system also have a qualitative leap.Our country has formed by the people's bank of the central bank,Financial industries separated operation and supervision of financial management system.Financial control regulation more marketization,The central bank's management to be more perfect,Transparency and controlling art is increasing day by day,Gradually realize quantitative tools from lay particular stress on use to use more price type tool change,Formation of the central bank and financial institutions in the new market relations.To become more market-oriented financial supervision/Specialization and internationalization.Especially in recent years,China international experience for reference,Creatively introduced a series of modern management system,Strengthen macro and micro prudent management/The capital supervision and solvency management,Financial management modernization.

　　金融业的市场化改革是中国现代化进程中的伟大实践，体现了党中央、国务院对金融工作的高度重视和科学的顶层设计。1997年以来，我国先后四次召开全国金融工作会议，审时度势，抓住时机，科学决策，作出了一系列重大战略部署，保障了金融市场化改革的顺利推进。

Financial marketization reform is in the process of China's modernization great practice,Embodies the party central committee/The state council on the financial work attaches great importance to the top design and science.Since 1997,China has four times the national financial work conference held,Size up the situation,Take time by the forelock,Scientific decision,Make a series of important strategic deployment,Safeguard the financial marketization reform smoothly development.

　　事实证明，经过不断的市场化改革，我国金融业发生了巨大变化：金融功能进一步发挥，金融业资本实力、资产质量和经营效益不断提高，一些金融机构跻身全球前列，金融业服务国民经济与社会发展的能力显著提升。尤其是国际金融危机以来，我国的金融体系有效抵御了国际金融危机的冲击，维护了自身的安全和稳定，促进了社会经济的发展。

Facts have proved,After continuous marketization reform,Great changes have taken place in our country financial industry:Financial function further play,The financial industry capital strength/Assets quality and management efficiency continuously improve,Some financial institutions in the forefront of the world,Financial services of the national economic and social development of the capacity significantly increased.Especially since the international financial crisis,China's financial system effectively resist the impact of the international financial crisis,Maintain its own security and stability,Promoted the development of social economy.

　　雄关漫道真如铁，而今迈步从头越。当前，改革正在进入深水区，经济转型对金融业的改革发展提出了更高的要求。我们需要加深对市场规律和金融发展规律的认识，进一步解放思想，不断更新观念、制度；需要保持清醒的头脑，既要看到我国金融业长期发展中积累的各种结构性矛盾，勇于进取，又要充分认识当前复杂国内外环境下面临的新问题新情况，审时度势，科学把握改革发展的方向和趋势，增强改革的主动性、系统性和前瞻性；深入分析和权衡当前经济运行和融入全球化中面临的矛盾，善于运用市场机制和手段破解难题，推动改革的深化；需要进一步放松金融管制以及对各类资本的限制，减少政府对微观金融活动的干预，激发各类金融市场主体的活力，推动金融中介市场全面发展，提高全社会的资本形成能力，使之更好地服务于实体经济。

City ManDao really like iron,Now step from the beginning more.The current,Reform is going into the deep water area,The transformation of the economic reform and development of financial industry put forward higher requirements.We need to deepen our understanding of the laws of the market and our understanding of the laws governing the financial development,Further emancipate the mind,Unceasingly renew the idea/system;Need to keep a clear head,Both want to see China's financial industry in the development of long-term accumulated all kinds of structural contradictions,Enterprising spirit,And fully understand the complicated environment at home and abroad new problems facing the new situation,Size up the situation,Scientific grasp the reform development direction and trend,Enhance reform initiative/Systematic and prospective;Further analysis and weigh the current economic operation and the contradiction of globalization in the face,Good at applying market mechanism and means crack problem,Promote the deepening of reform;Need to be further relax the financial control and the limitation of of all kinds of capital,Reduce government intervention to microscopic financial activities,Arouse the vitality of all kinds of financial market main body,Promote comprehensive development of financial intermediary market,To improve the whole social capital formation ability,Better service to the real economy.