求是网：如何理解我国金融“大而不强”？我国股市债市规模名列世界前茅 但规模优势尚未充分转化为支撑高质量发展的效能

Core Insights - The article emphasizes that finance is the core of the modern economy and a crucial component of national competitiveness, highlighting that while China is a financial giant, it remains "large but not strong" [1][2] Group 1: Financial System Challenges - There is a disparity between having "scale" and lacking "efficiency," as China's banking sector, stock and bond markets, and foreign exchange reserves are among the largest globally, yet this scale has not effectively supported high-quality development [1] - The country possesses a "network" but lacks "hub" capabilities, with advanced financial infrastructure and a broad domestic financial network that do not sufficiently facilitate global capital allocation or international market influence [1] - Although there are practical experiences in maintaining financial stability and developing inclusive finance, the ability to elevate these practices to international standards and establish global narrative authority is still weak [1] Group 2: Path to Financial Strength - Addressing the deep-seated contradictions of being "large but not strong" is essential for transitioning to a financial powerhouse, which is a fundamental measure of whether finance can fulfill its national responsibilities [2] - There is a call for a strong historical initiative to steadfastly pursue a path of financial development with Chinese characteristics, aiming to build a modern financial system and cultivate a unique financial culture [2]