Theoretical Connotation and Practical Path of the Financial Development with Chinese Characteristics

The financial development with Chinese characteristics is the key to promoting the high-quality development of finance, realizing the goal of building a financial power and serving the Chinese modernization. It can be specifically interpreted as the road of financial internationalization, the road of financial marketization, the road of financial openness and the road of financial legalization. Efficient cooperation between the government and market is the basic development path to the construction of a financial system with Chinese characteristics. Through the financial development with Chinese characteristics, financial elements will be further generated and gathered; the allocation efficiency of financial resources will be greatly improved; the "five major articles" such as science and technology finance and green finance will be achieved in high quality; the classic "trinity paradox" will be effectively reconciled, and the solid legal protection for strong financial countries will be strengthened at a faster pace. The study of the theoretical connotation and practical path of the financial development with Chinese characteristics is helpful to effectively learn, understand and implement the action roadmap for building a strong financial country, and is also conducive to accelerating the construction of a financial knowledge system with Chinese characteristics.