What are the characteristics of the financial system in developing countries?

Developing countries.

The characteristics of the financial system are as follows:

1) Low monetization.

2) The financial system has a dual structure, that is, modern financial institutions and traditional financial institutions coexist.

3) Financial markets are backward.

4) Excessive financial intervention.

The financial market system refers to the composition of its sub-markets, including the money market, the capital market, the foreign exchange market, and the ** market.

The money market includes the interbank lending market, the repurchase agreement market, the commercial paper market, the bank acceptance bill market, the short-term ** bond market, and the large-denomination negotiable certificate of deposit market.

The capital market includes medium and long-term bank credit market, ** market (bond market, ** market), insurance market, and financial leasing market.

The foreign exchange market refers to the trading market in which various currencies are bought and sold by banks and other financial institutions, proprietary dealers, and large multinational enterprises, which are connected by intermediaries or telecommunication systems.

The level of economic development is as auspicious as the financial development situation, because the level of economic development of developing countries is at different stages, so their financial systems are also different, but from the perspective of the vast majority of developing countries, there are still many common characteristics, mainly manifested in: slippery.

1) The vast majority of developing countries have both modern and traditional non-modern financial institutions, the former is mostly concentrated in large cities, and the latter is generally found in small towns and rural areas.

2) The modern financial institution system generally follows the first-class banking model, and the structure of financial institutions is generally relatively simple, and most of the modern financial institutions in many developing countries are state-run or have national capital participation.

3) In order to support rapid economic development, most developing countries generally control and intervene in interest rates and exchange rates; For financial institutions, they often operate their business activities through administrative command means, which often brings about the negative effect of inefficiency of the financial institution system while achieving certain results.

1. ** Bank: The People's Bank of China is the ** bank in China, under the leadership of ***, formulates and implements monetary policy, prevents and resolves financial risks, maintains financial stability, provides financial services, strengthens foreign exchange management, and supports local economic development.

2. Financial regulators: The China Banking Regulatory Commission, referred to as the China Banking Regulatory Commission, was established in April 2003 and is mainly responsible for the regulatory functions of the banking industry transferred from the People's Bank of China, and uniformly supervises and manages banking financial institutions and other financial institutions such as trust and investment companies.

3. State Administration of Foreign Exchange: Established on March 13, 1979, it was managed by the People's Bank of China.

4. The board of supervisors of key financial institutions is dispatched by the State Inspectorate, which is responsible for the supervision of the asset quality of key state-owned financial institutions and the preservation and appreciation of state-owned assets on behalf of the state.

5. Commercial financial institutions: China's commercial financial institutions include three categories: banking financial institutions, first-class institutions and insurance institutions.

6. Policy financial institutions: policy financial institutions are initiated and funded by the first to carry out financing and credit activities in order to implement and cooperate with the specific economic policies and intentions.

A microfinance company is a limited liability company or a stock company invested and established by natural persons, enterprise legal persons and other social organizations, which does not absorb deposits from the public and operates the business of small loans.

A village bank is a banking institution that provides services to local farmers or enterprises.

Pawnshops, also known as pawnshops, are informal marginal financial institutions that specialize in issuing pledged loans, and are market intermediary organizations that mainly lend money and supplement the sale of goods.

Financial institutions refer to financial intermediaries engaged in the financial services industry, which are part of the financial system, and the financial services industry (banking, insurance, trust, etc.) correspondingly, financial intermediaries also include banks, companies, insurance companies, trust and investment companies and management companies.

At the same time, it also refers to the relevant lending institutions to lend to companies whose customers are financially turnaround, and their interest rates are relatively higher than those of banks, but it is more convenient for customers to borrow because there is no need for complicated documents to prove it.

Answer]:1Highly market-oriented: It can give full play to the decisive role of market mechanisms in the allocation of financial resources.

1) All kinds of financial institutions fully reflect relevant information and form a strong internal correlation system;

2) The nature, duration, scale and other aspects of various types of funds are basically matched with the needs of the real economic sector;

3) Commercial credit, bank credit and market credit in financial operation are relatively coordinated and complement each other.

2.Openness: The mechanism of opening up to the outside world of the financial market and the market can be brought into play, so that all kinds of economic entities can enter the financial market on an equal footing, and compete in an orderly manner on the basis of the principle of "openness, fairness and justice".

3.It can give full play to the role of macroeconomic regulation and control departments, and flexibly use the two-pillar regulatory framework of monetary policy and macro-prudential policy, which not only maintains the bottom line of no systemic financial risks, but also ensures the vitality of the financial market.

4.The regulatory function can achieve full coverage of financial supervision for all kinds of financial behaviors, and establish a relatively complete financial risk early warning system and emergency mechanism; Actively carry out international coordination and international cooperation in financial supervision to prevent cross-border regulatory arbitrage and international risks in financial transactions.

5.In accordance with the progress of modern science and technology and the requirements of the real economic sector, it is possible to reform or adjust the financial structure in a timely manner, and improve the efficiency of financial operations.