以金融自由化为背景的上海自贸区金融改革创新的思考

上海自贸区金融改革是顺应世界金融自由化主流趋势的制度创新，为此推动了利率市场化、汇率市场化等先行先试，对于改进金融开放及金融服务贸易之不足，弥补其短板效应将发挥积极效果，从而更好服务贸易，实现贸易及投资便利化。为规避自由化导致相关的风险，我国金融自由化尤其是自贸区金融自由化相关领域先行先试，应该有边界、循序渐进；要用“三明治”思维优化金融自由化在金融中心建设、浦东综合配套改革、自贸区金融改革先行先试三方面的联动机制。

Financial Innovation in Shanghai Pilot Free Trade Zone under the Background of Financial Liberalization

Financial reforms in Shanghai free trade zone （FTZ） are system innovations of the world’s financial liberalization trend. The “first try” measures, such as promoting the marketization of interest rate and RMB exchange rate, will play a positive role in improving the weakness of financial opening and financial service trade , and making up for the short board effect, so as to better serve the trade as well as facilitate the trade and investment. In order to avoid risk, there should be a border and go step by step, when implementing financial liberalization in China, especially “first try” measures in financial liberalization related areas. Besides, we should optimize the linkage mechanism of financial liberalization in financial center construction, comprehensive reform in Pudong and “first try” policy in Shanghai FTZ financial reform with the “sandwich” thinking.