The 2021 China Financial Development Report, edited by Professors Zhu Xinrong, Chen Hong and Lv Yongbin from the School of Finance, Zhongnan University of Economics and Law, is officially published by China Finance Press.

Content introduction

2020 has been an extraordinary year. The international political and economic situation is complex and grave. In particular, the COVID-19 pandemic has severely impacted the world and caused an extremely severe economic recession. In the face of complex situations and major challenges, China has adhered to the new development philosophy and the direction of high-quality development, coordinated epidemic prevention and control with economic and social development, and steadily recovered the national economy. In 2020, China's GDP grew by 2.3% year on year and its economic aggregate exceeded 100 trillion yuan, making it the only major economy in the world to achieve positive economic growth in 2020. This fully demonstrates the strong resilience of the Chinese economy. China remains a global leader in economic development and epidemic prevention and control, and macroeconomic monetary and financial policies have played an important role in stabilizing the economy. The main report of 2021 China Financial Development Report continues to focus on five parts: financial macro-control, financial institution development, financial market operation, financial internationalization and financial regulation, and systematically discusses important practical issues and hot issues in China's financial field in 2020.

The "2021 China Financial Development Report" is supported by the first-class discipline construction of Zhongnan University of Economics and Law, the "Collaborative Innovation Center of Industrial Upgrading and Regional Finance in Hubei Province" and the "Innovation and Introduction Base of Digital Technology and Modern Finance" of the Ministry of Education and the Ministry of Science and Technology.