Wang Xuekai is associate researcher at the School of Marxism, Party School of the Central Committee of the Communist Party of China. Wang: Financial development with Chinese characteristics not only follows the objective laws of modern financial development, but also has distinctive characteristics suitable for China's national conditions.
China's securities institutions, insurance institutions and other types of financial institutions are still not very competitive globally, and need to cultivate world-class financial institutions. China should take the reform of global organizations such as the International Monetary Fund and the World Bank as an opportunity to continuously strengthen International voting rights and voice.