Reflections on the financial innovation of China’s capital market from the perspective of economic transformation

International college, Guangxi university, Nanning, Guangxi, 530004, China

^* Corresponding author: 841268573@qq.com

Abstract

General Secretary Xi Jinping said at the Fifth Plenary Session of the 19th CPC Central Committee that “the new development concept is a systematic system. In the perspective of economic transformation, we should do a good start and a good step in development. Under the premise of comprehensive thinking of China’s capital market finance, adhere to the reform and innovation development, green coordinated development, resource sharing development, political open development” “In the perspective of economic transformation, Party members and cadres at all levels should adhere to the implementation of the new development concept, pay attention to the common prosperity, to achieve the modernization process of continuous development. To address the wealth gap between urban and rural areas, between regions and between populations.” This article is written after carefully studying the important speeches of General Secretary Xi Jinping and consulting a large number of relevant reference materials. This paper deeply reflects on the financial innovation characteristics of the capital market in China’s economic transformation period, and puts forward new suggestions on the development of economic transformation, aiming to help some government functionaries improve their understanding of the capital market.