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In September 1983,the State Council declared that the People’s Bank of China would act as the only central bank from January 1,1984,since then 30 years have gone,which was also marked as the commencement of Chinese financial reform.As a traditional Chinese saying goes,a man should be steadfast at the age of 30.And accordingly,China,as a 30-year-old man,has achieved remarkable achievements from its financial reform.Chinese financial industry has already laid its own foundation and presented its competitiveness.The bank industry has run the best in the world.However,there exist many problems and troubles in China.The direct finance of Chinese market,including but not limited to capital market,security market,fund industry,is still far from our estimates.Compared to the well-developed countries,Chinese financial industry still has a long way to go.It is the duty of Chinese financial researchers to analyze the causes of the problems through theoretical methods and make suggestions accordingly;therefore we can boost the development of Chinese financial industry.
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