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Jia Kang. Deepening Reform of Financial System and Establishing Modern Financial System. Shengzhen Daily, 2013-12-03.

Establishing Modern Financial System and Promoting Modern Government Governance

Shi Yajun Shi Zhengwen

[Abstract]Finance is the basis of government¬ðs public affairs,the fundamental means, and important pillar of government governance. Promoting the breakthrough reform in the field of finance and taxation and accelerating the establishment of modern financial system are the inevitable choices and critical initiatives in order to promote the modernization of government governance. Therefore, it is necessary to deepen the reform of public finances, promote the transformation of government functions, and improve the modern governance ability of service-oriented government; It is necessary to establish the modern budget administration system, regulate effectively the government behaviors, and improve the modern governance ability of responsible government. It is necessary to establish the modern tax system, promote the fair competition and distributive justice, and improve the modern governance ability of regulation government, It is necessary to deepen the reform of tax sharing system, build the reasonable, and normative relationship between the governments and improve the modern governance ability of different governments as a whole. = It is necessary to promote the construction of finance ruled by law, accelerate the pace of legislations in the field of finance and taxation, and improve the modern governance ability of government ruled by law.

[Key words]modern financial system, government governance, reform of administrative system, modernization

[Authors]Shi Yajun, Secretary of the Party Committee of China University of Political Science and Law, Professor, Doctoral student advisor, Vice President of the Association of Public Administration of China; Shi Zhengwen, Director of the Center for Fiscal and Tax Law Research of China University of Political Science and Law, Professor, Doctoral student advisor, Vice President of China Association for Fiscal and Tax Law. Beijing 100088