改革进程中，中国的金融体系呈现出“规模大、管制多、监管弱”的典型特征。以国有银行主导而资本市场发展滞后的金融体系中，利率干预、信贷配给、资本项目管制等措施，扭曲了资源配置，导致金融资源向国有企业“过度供给”而对效率相对较高的民营部门有效供给不足。金融管制尽管在短期内有利于经济增长，长期来看却制约着金融资源的有效配置，损害了经济增长的可持续性。2008年国际金融危机后，中国金融管制的成本已显著增加，且日益成为国内经济金融不稳定的根涯。因此,进一步推进金融市场化改革和开放，尽快消除扭曲性的金融抑制政策,增加金融有效供给，已成为当前金融改革面临的重要任务。

In the process of reform, China's financial system has shown the typical characteristics of "large scale, many regulations and weak supervision". In the financial system dominated by state-owned banks and lagging behind in capital market development, measures such as interest rate intervention, credit rationing, and capital account control distort the allocation of resources, resulting in "excessive supply" of financial resources to state-owned enterprises and insufficient effective supply of relatively efficient private sectors. Although financial regulation is conducive to economic growth in the short term, it restricts the effective allocation of financial resources in the long term and undermines the sustainability of economic growth. After the 2008 international financial crisis, the cost of financial regulation in China has increased significantly, and it has increasingly become a source of domestic economic and financial instability. Therefore, further promoting the reform and opening up of the financial market, eliminating distorting financial suppression policies as soon as possible, and increasing the effective supply of finance have become important tasks facing the current financial reform.（AI翻译）

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