反对资本无序扩张的基础:中国金融体系主要矛盾分析  

The Basis for Opposing the Disorderly Expansion of Capital: An Analysis of the Primary Contradictions in China’s Financial System

作　　者：何佳 王宠霖 He Jia;Wang Chonglin(Center for Economic Research,Shandong University,Jinan 250100,P.R.China)

机构地区：[1]山东大学经济研究院,济南250100

出　　处：《山东大学学报（哲学社会科学版）》2023年第1期152-159,共8页Journal of Shandong University(Philosophy and Social Sciences)

摘　　要：在提出中国金融体系主要矛盾的基础上,分析中国资本无序扩张的问题具有重要现实意义。中国特色社会主义市场经济是一个伟大的创造,中国金融体系是这个伟大创造中的一部分。由于资金的高速低成本流动使得金融体系中所有问题都具有全局性,同时中国特色社会主义市场经济发展必须坚持渐进性改革的发展道路从而呈现出很多局部性的特征,这就导致了一系列渐进性改革的结构性套利机会。党的十九大报告将金融稳定列为三大攻坚任务之首,党的二十大报告也再次强调了防范金融风险问题与完善分配制度问题。中国的资本无序扩张问题本质上是源于一系列渐进性改革的结构性套利机会,这种收益与风险不匹配的套利行为扭曲了中国金融定价体系,破坏了分配秩序,更会冲击中国的金融稳定。We analyzed the disordered capital expansion problem in China on the basis of existing literature. China’s socialist market economy is a great creation, and China’s financial system is part of this creation. Globality is a universal characteristic of any problem in the financial system because of the high speed and low cost of capital flows. And meanwhile, there are many problems with locality-characteristic in China because of the insistence on China’s gradual socialist market economy reform. Then a series of structural arbitrage opportunities appeared in the gradual reform. The Report of the 19th National Congress of the Communist Party of China listed financial stability as the first of the three major tasks, and the Report of the 20th National Congress of the Communist Party of China also emphasized the issue of preventing financial risks and improving the distribution system. The disorderly expansion of capital in China will affect China’s financial stability.

关 键 词：中国金融 结构性套利机会 资本无序扩张 

分 类 号：F832[经济管理—金融学]