From the historical and global perspectives, since the reform and opening up, China's banking reform has achieved good economic performance, and its financial development has made historic achievements, which strongly supports the rapid growth of China's economy. At the same time, China has successfully withstood the severe test of previous financial crises and effectively maintained financial stability. It can be said that China has embarked on a correct path of financial reform and development that suits China's national conditions. After entering the new era, China's finance can no longer fully meet the needs of high-quality economic development, and there is an urgent need to deepen the financial reform and promote high-quality financial development. So, China should continue to follow the path of financial reform and development with Chinese characteristics based on the needs of the current economic transformation and its own practical experience in financial reform, and further deepen financial reform to promote the development of China's finance towards the direction of optimizing structure, improving efficiency and being safe and stable.
