The Role of Chinese Financial Industry in Promoting Reform and Opening up and Serving the Real Economy in the New Era.

Finance plays an important role in the economic development of the new era. In the historical process of further deepening reform and opening up, the financial industry should upgrade the level of supervision and strengthen the ability of risk prevention so as to realize the strategic goal of serving the real economy. Based on background, it's necessary to analyze the limited openness and protectionist behavior of the financial industry in developed countries, and then review the important achievements of Chinese financial industry in opening up and reform. In the new historical period, China should attach great importance to the work of financial security from the basic national conditions, improve the level of supervision and risk prevention, strengthen abilities of technological innovation, especially gradually expand the two-way reciprocal opening in the financial field, and introduce social capital into the real economy through deepening reform and effective use of financial means, so that finance can return to serving the real economy. The aim is to promote the healthy development of the national economy in the new era, and constantly improve Chinese comprehensive competitiveness in the world economic system. [ABSTRACT FROM AUTHOR]

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