Shanghai Law Society Financial Law Research Association: Based on two basic points to achieve five outputs, spare no effort to contribute to the construction of the rule of law in Shanghai International Financial Center.

The Financial Law Research Association of the Shanghai Law Society was established in September 1993 and has gone through 23 years. In the past 23 years, the Steer/Council of the Financial Law Research Association has gone through four sessions. The activities of the Research Association have been continuously promoted, the vitality has continued, and the cohesion has been strengthened. Under the leadership of the Shanghai Law Society, the research society has always been based on the two basic points of theory and practice, with the aim of improving the level of financial legal research, promoting the development and prosperity of the financial market, and promoting the construction of Shanghai as an international financial center. , actively carry out research on the theory and practice of financial law, and focus on the practice of "five outputs" to produce ideas, countermeasures, experience, talents, and results. Over the past 23 years, the Financial Law Research Association has launched a number of achievements and talents, forming the characteristics of the "Shanghai School" of financial law research, and has a certain influence in Shanghai and domestic financial law academic and practical circles, so it was awarded the Excellent Research Association of the Shanghai Law Society It is one of the excellent research associations of the Shanghai Law Society.

　　According to incomplete statistics, in the past 23 years, the Financial Law Research Association has held or hosted nearly 100 academic forums and seminars, organized or participated in 36 academic salons, held general meetings, annual meetings, executive meetings, council meetings or enlarged meetings 51 times, discussed 62 legislative drafts or judicial interpretation drafts, held 22 academic lectures, etc.; the research association undertook and presided over 6 research topics, and provided decision-making opinions that were published in the "Law News" of the Municipal Law Society for many times and by the Municipal Law Committee, China The internal reference of the Law Society is reprinted; in the early years, it edited and printed 36 series of "Selected Financial Regulations" and 11 series of "Selected Real Estate Regulations". Financial Law Research Association WeChat group, etc. The main practices are reported as follows:

　　1. Work around the center and focus on ideas

　　Under the leadership of the Shanghai Law Society, our society will fully support and cooperate with the work of the national and local economic construction centers, and actively carry out various activities of the research society around the overall situation. Building Shanghai International Financial Center is a national strategy, and improving its legal system is an important link in the construction of the financial center. I will always organize relevant activities around the specific tasks at each stage of the construction of the financial center. After the release of the State Council’s guidance on the construction of the two centers in Shanghai, the Financial Law Research Association actively responded and actively hosted the Shanghai Financial Law Forum hosted by the Shanghai Law Society. In 2016, commissioned by the China Commercial Law Research Association, it successfully held the first China Financial Law Forum.

　　(1) Successfully held the first China Financial Rule of Law Forum. The excellent work of the Financial Law Research Society has won a good reputation for itself for a long time. After careful investigation, the Commercial Law Research Association of the China Law Society determined our research association as the organizer of the first China Financial Law Forum. From December 10 to 11, 2016, the first China Financial Law Forum was held in Shanghai. The forum is sponsored by the China Business Law Research Association, jointly organized by East China University of Political Science and Law, Shanghai Law Society Financial Law Research Association, and Jingheng Law Firm. Lin Guoping, Executive Vice President of Shanghai Law Society, Professor Ye Qing, President of East China University of Political Science and Law, and Professor Zhao Xudong, President of China Commercial Law Research Association, delivered speeches at the meeting. Financial law scholars, practical experts, and teachers and students from Huazheng and other schools from all over the country were 300 Others attended. The theme of this forum is "Modernization of Financial Law from a Global Perspective". During the one-and-a-half-day forum, participants discussed the Belt and Road Initiative and RMB International issues such as the modernized legal framework, new financial challenges and legislative needs, the reference of modern concepts of overseas financial legislation, financial supervision and financial judicial modernization, and the revision of securities, insurance, and trust laws, as well as the risks and insurance of online car-hailing. Many consensuses have been reached and many useful suggestions have been put forward, which have been well received by the participants, including the Commercial Law Research Association of the China Law Society.

　　(2) Actively undertake the previous Shanghai Financial Rule of Law Forum. In 2009, the Shanghai Forum on the Rule of Law of Finance and the China Jurists Forum jointly organized the theme of "Improving the Legal Environment of Shanghai International Financial Center". The city's leaders and leaders of various central financial regulatory agencies and judicial agencies attended the meeting, and many theoretical and practical workers and members participated in the discussion. The theme of the 2010 Shanghai Financial Legal Forum was "International Financial Center Construction and Financial Consumer Protection". Speeches and discussions on issues such as card financial consumer protection. In 2011, the theme of the forum was "New Finance: Challenges and Regulatory Development". In view of the continuous emergence of new business forms in the current financial market, experts and scholars focused on topics such as "Operation and Management of Private Equity Funds" and "Promotion and Regulation of the Financing Guarantee Market" Beneficial exploration has been carried out. The theme of the 2012 forum was "Legal Guarantee for Financial Reform and Innovation", and discussions centered on issues such as legal guarantee for financial reform and intellectual property protection for financial products and services. The theme of the 2013 forum was "Wealth Management and Financial Rule of Law", focusing on the growing rise of Internet finance and the characteristics of the era of changes in the financial asset management industry. Experts focused on "Legal Theory and Practice of Internet Financial Management" and "Investment in Wealth Management Discussion on the two major issues of the protection of persons. In addition, our association once held an annual meeting with the theme of "Legal Practices in the Construction of International Financial Centers" to put forward opinions and suggestions on new issues in the construction of financial centers. At the same time, the Financial Law Research Association undertook the annual key project of the Municipal Law Society "Institutional Innovation in the Construction of Shanghai International Financial Center", and organized research on regulatory decentralization and multi-level norms, and put forward theoretical ideas.

　　(3) Focus on the work of the Shanghai Center. In order to actively promote the financial reform and legal system construction in the China (Shanghai) Pilot Free Trade Zone, our association has carefully prepared and held consecutive annual meetings with the theme of "Financial Reform and System Innovation in the Free Trade Zone" and the Yangtze River Delta Postgraduate Financial Law Forum , conducted discussions on the theory of free trade zone construction and financial liberalization, financial innovation and legal conflicts in the construction of free trade zones, legal issues of free trade zones and RMB internationalization, enlightenment from domestic and foreign free trade zones and free ports, etc., and put forward a series of valuable points of view. In May 2016, with the theme of "Continuation of Financial Reform and Innovation in the Free Trade Zone and Its Legal Guarantee", the China Law Society·Financial Law Salon was organized, and nearly 30 experts and scholars from Shanghai, Beijing, Guangdong, Fujian and Tianjin were organized, Discussions will be held on topics such as "Continued Financial Innovation in Free Trade Zones and Deepening of National Financial Reform", "Breakthrough Points in Financial Reform in Free Trade Zones and First Trial of Financial Law", "Financial Risk Prevention and Control, Financial Supervision and Financial Judiciary in Free Trade Zones" , and form a decision-making consultation report, and submit it to the relevant central departments through the China Law Society as soon as possible.

　　Focusing on the "Belt and Road" strategy, a large-scale forum on the "Belt and Road Financial Rule of Law" was held in November 2015, which received good social effects and also produced some academic results. Not long ago, at the annual financial legal system forum hosted by Fudan, the theme of the Belt and Road Initiative was also discussed, and today we will also discuss this theme. In addition, our association also participated in the 2011 shipping law forum sponsored by the Municipal Law Society. ” and other topics to provide suggestions for the construction of Shanghai International Shipping Center and Financial Center.

　　2. Focusing on market hotspots and focusing on countermeasures

　　The Financial Law Research Association has a tradition of linking theory with practice, focusing on hot legal theoretical issues, legal practice issues and the latest cases, holding legal seminars of various scales and types, and providing theoretical support and operations for solving related legal issues plan.

　　For example, my research association will actively carry out discussions in combination with market hotspot cases. In July 2016, the Financial Law Research Association and its affiliated Corporate Governance and Financial Research Center gathered more than 50 experts from the legal and practical circles of Shanghai to conduct a discussion on the legal and practical issues in the "Vanke Acquisition Case" and "Xintai Electric Delisting" , this seminar is also the first public seminar on legal issues after the Vanke case and the Xintai Electric case occurred in the Chinese capital market. In order to promote the perfect governance of non-incorporated enterprises and the corresponding legal system construction, the Financial Law Research Association hosted the "Non-incorporated Enterprise Litigation Legal Practice Seminar" in April 2016. The conference invited Professor Nicholas C. Howson (Hao Shan) from the University of Michigan, etc. Scholars from home and abroad, judges from the Shanghai High Court, the First Intermediate Court, the Second Intermediate Court, and Jing'an District Court, relevant departments of the Municipal State-owned Assets Supervision and Administration Commission, and experts from Johnson & Johnson Holdings participated in the discussion. The meeting not only discussed the litigation system and responsibility of state-owned enterprises, collective enterprises, joint-stock cooperation, employee stock ownership and other enterprises, but also discussed related issues involving litigation in partnership disputes, and achieved good results.

　　Another example is that Internet finance has developed more in the past two years, and there have been more researches in various aspects, and member units have also held many activities. As far as the Financial Law Research Association is concerned, it focuses more on the construction of internet law. 2015 is called the first year of financial rule of law construction. For three consecutive years, we have discussed Internet finance issues at our annual meetings. In November of that year, we hosted the 2nd Forum on Internet Financial Innovation and the Rule of Law, sponsored by the Political and Legal Committee, with the participation of many universities and Internet financial institutions, and received support from all parties. Research has also led to in-depth. In addition, we have also established many connections with Internet companies.

　　According to the problems brought about by the rapid development of new finance, the research association quickly responded, organized force research in a timely manner, cooperated with practical departments, held seminars as soon as possible, and published corresponding results to support market practice. For example, the "Seminar on Legal Risks of Third-Party Payment", "Seminar on the Development Environment of Pawn Industry", "Seminar on Legal Risks and Prevention of Internet Financial Innovation", etc., have all put forward views on promoting the orderly development of new financial norms.

　　In fact, over the years, the association has always fully carried forward the tradition of responding sensitively to hot issues, and successively held the "Seminar on Legal Issues of Share Merger Reform", "Seminar on Financial Tort Issues", "Seminar on National Bond Futures Law", "Seminar on Seminar on Legal Issues of Financial Planning", "Standards and Future of Shadow Banking", "Civil Liability Issues of Insider Trading and Market Manipulation", "Legal Issues of Warrants", "Legal Issues of Venture Investment", "Foreign Capital M&A of Financial Industry", "Legal Issues of Private Equity Fund" Academic Salon, etc. These symposiums were held for the first time in domestic legal circles. Through extensive publicity by the media, they have attracted the attention of all walks of life, and the results of the collection of papers have also attracted the attention of the practice department. Discussions on topics such as "Financial Legal System after the Formation of the Socialist Market Economic Legal System" and "Financial Legal Construction from the Perspective of the Real Economy and People's Livelihood" were welcomed by the academic circles because of their theoretical value.

　　3. Straighten out the mechanism and focus on experience

　　According to its own characteristics and combined with Shanghai's geographical advantages, the Institute has explored and established many new mechanisms for activities, and at the same time devoted itself to self-construction, which has brought the development of the Institute to a new level.

　　One is to organize members to actively participate in the cause of financial law on the basis of outstanding talents. Through the reelection last year, on the one hand, we have increased the proportion of personnel in the practical department. Since the Financial Law Research Association is a highly practical discipline, the high proportion of personnel in the practical department has always been one of the important characteristics of the Financial Law Research Association. Through this reelection, comrades from the practical department accounted for 61% of the vice presidents. Among the directors, practical departments account for 76%. On the other hand, expand the coverage of council members. After the re-election, the total number of members of the council will be expanded to 89, with 1 chairman, 18 vice-chairmen, no standing directors, 1 secretary-general, and 1 deputy secretary-general. Through this re-election, the research association will further increase its coverage in the city's scientific research institutions, regulatory agencies, judicial agencies, financial enterprises and legal services. In the proposed list of members of the current council, scientific research institutes, government and regulatory agencies, judicial organs, financial enterprises and legal service units have been covered. Among the composition of the board of directors, the members of the theoretical circle have covered major financial law research institutions, and the members of the practical department have also been realized in the "One Bank, Three Committees", and major exchanges in Shanghai (Stock Exchange, Futures Exchange, China Financial Exchange, Gold Exchange), full coverage of the four major state-owned commercial banks. Optimize the age structure. Based on the requirements of sustainable development, in the new board of directors, some members who are difficult to participate in activities due to the internal work transfer of the governing unit are appropriately replaced, and the proportion of young and middle-aged directors is increased to reflect the spirit of inheriting the past and opening up the future. I will convene the council on a regular basis, and irregularly hold the chairman meeting and secretariat meeting to discuss and arrange work and maintain the unity of the team. Regular annual meetings are held to review members' one-year research results and strengthen exchanges among members. Activities such as outings and dinners were also held to unite people's hearts and unite a relatively stable backbone team to ensure the development of various activities. In recent years, the main members of the Financial Law Research Association have published dozens of books, hundreds of papers, and participated in dozens of projects. These achievements have realized their due value at different levels.

　　The second is to use the special committee and the practical research center as the starting point to unite more financial law research and practical workers. According to the relevant regulations of the Municipal Law Society, the Financial Law Research Association has set up professional committees to provide support for subdividing professional fields, deepening research levels, and broadening research space. At the same time, it also provides a new platform for financial law professionals. The development of academic and practical reserves is more substantial. On December 8, 2015, the Financial Law Research Association established the country's first Futures and Derivatives Legal Special Committee. The establishment of this special committee also filled the gap in this important professional field of the Research Association. And this is also the sixth research team established under the Research Association. At present, the Research Association has set up the Insurance Law Professional Committee, the Trust Law Professional Committee, and the Financial Law Teaching Committee. The former is held by each member unit in turn for semi-annual meetings, and the latter has held four consecutive Shanghai Trust Law Forums. Influence; also established the Internet Finance Legal Practice Research Center and the Corporate Finance Legal Practice Research Center, and also carried out a series of fruitful academic seminars.

　　The third is to use domestic counterparts as partners to continuously promote the "going out" of Shanghai's financial law research. Focusing on strengthening the cooperation and sharing of national financial law research and promoting the development of the financial legal system, the association initiated the establishment of the National Financial Law Research Association of Local Law Societies in Shanghai in 2011, and held the first president's forum, which received financial support from all over the country. Positive response from the Law Research Society. As of December 2016, the fraternity association and the president's forum have been held for five consecutive sessions, and ten local law societies including Shaanxi, Shandong, Guangdong, Zhejiang, Hebei, Hunan, and Jilin have participated in the Financial Law Research Association, Shandong, Guangdong, Henan and Shanxi successively hosted the follow-up meetings, and our association assumed the responsibility of general coordination. The financial law research teams from all over the country gathered together to conduct full exchanges and discussions on the current legal issues in the financial field, which effectively promoted the interaction and communication of financial law research associations in various places, and effectively enhanced the cohesion of the national financial law research forces.

　　4. Set up a good platform and focus on talents

　　In order to further improve the talent reserve in the field of financial law research and accelerate the establishment of an excellent scientific research and practical talent team, the Financial Law Research Association has always been committed to building a "multi-level talent training platform". Graduate students and other talent growth mechanisms.

　　I will launch the "Shanghai University Economic Law and Commercial Law Postgraduate Salon" to establish an academic exchange platform. Since the establishment of the salon in 2007, it has been successfully held for 16 sessions. The sponsors cover all universities and research institutes in Shanghai that have master and doctoral training centers in economic law and commercial law. This work has been fully affirmed and strongly supported by the leaders and professors of each school. Each time it is hosted by a university, dozens of graduate students and tutors from more than ten universities attended the meeting, and conducted research and discussions on topics related to financial law. The establishment of the Postgraduate Salon not only provides financial law students with a rare opportunity to study academic frontier issues and communicate with each other, but also provides a stage for training and development for students to cultivate their academic quality and ability of independent exploration and innovative thinking. We also compiled and printed eight volumes of "New Voice of Business Law" and two volumes of "Youth Finance Law" reflecting the research results of teachers and students.

　　Our association initiated the "Yangtze River Delta Postgraduate Financial Law Forum" to expand the scope of postgraduate training and exchanges to the Yangtze River Delta region. It has held three sessions so far, and each session has more than 100 teachers and students from more than ten universities in Jiangsu, Zhejiang and Shanghai. , a lively discussion was held around new issues in financial law, with student speeches as the main focus, and college professors or experts from practical departments giving comments and guidance, and each meeting achieved good results.

　　Our association also initiated the establishment of the "Financial Law Teaching Committee" to focus on improving the quality of financial law teaching, promote the organic combination of academics and teaching, promote the exchange and interaction of financial law teachers, strengthen the construction of financial law disciplines, courses and teaching materials in colleges and universities, and further adapt to Shanghai International The needs of legal personnel training in the construction of financial centers. Nearly 30 experts and scholars engaged in financial law teaching and research from 16 colleges and universities in the city attended the meeting, exchanged experience in financial law teaching and curriculum construction, discussed financial law teaching system, curriculum system and teaching methods, and financial law series textbooks.

　　Our association has held several sessions of "Youth Insurance Law Forum", etc., and cooperated with the "Youth Law Salon" of the Municipal Law Society to carry out a number of salon activities around hot issues in financial law, which were welcomed by young people in financial law. Various seminars also try to organize young experts and scholars to make keynote speeches and display their academic or practical achievements. Over the years, the Institute has attracted and gathered a large number of young people in financial law. Among the fifth outstanding young and middle-aged jurists in Shanghai selected in 2012, there are Yang Lu, the vice president of our society, Duoqi and Song Xiaoyan, directors of our society.

　　5. Focus on research transformation and focus on producing results

　　Financial law has high requirements for the practicality of research, and has high expectations for the accelerated transformation of research results. In recent years, I will pay attention to the transformation of achievements and mainly do three aspects of work.

　　The first is to provide professional theoretical support for financial legislation. Over the years, the Research Association has given full play to the theoretical literacy and professional standards of its members, actively organized seminars and research, and provided strong support for various financial legislation. During the period, the members of the organization participated in the revision of the Securities Law, the Company Law, and the Insurance Law to varying degrees by sorting out their opinions and writing them in the name of the Municipal Law Society and sending them to the Legal Work Committee of the Standing Committee of the National People's Congress or the Legal Work Committee of the Standing Committee of the Municipal People's Congress. And the legislative work of the Tort Liability Law. For example, from 2008 to 2009, I was entrusted by the Pudong Finance Office to undertake the theoretical research project on the revision of the "Investment Fund Law". Many members participated and successfully completed the research with their good professional qualities.

　　At the beginning of 2008, according to the municipal party committee's decision to speed up the construction of a financial center, under the arrangement of the Shanghai Law Society, our association conducted special research on deepening the construction of a financial legal environment and promoting the formation of a financial center. The Research Association organized a research group to conduct a three-month intense investigation, visited the relevant departments of the municipal and district governments, various financial regulatory agencies, various exchanges, and financial industry associations, and held meetings of Chinese and foreign financial institutions and court economic tribunals. , the symposium of major financial law firms, surveyed more than a hundred leaders, experts, and practitioners, and conducted a questionnaire survey within a certain range, and finally put forward the "Current Status and Deepening Construction of the Legal Environment of Shanghai International Financial Center" Research reports and specific recommendations. This report is the first one completed among similar achievements in Shanghai, which has attracted great attention from relevant leaders and departments of the city. After the summary of the 5th issue of "Fa Xun" of the Municipal Law Society in 2008, it was reprinted as a special topic in the 11th issue of "Yaobao" of the China Law Society in 2008. The contents of the report were specifically cited in the speeches of the competent city leaders at relevant meetings and in the relevant subjects of the Municipal Higher People's Court. The report won the first prize in the applied achievement category of the 2nd Shanghai Law Outstanding Achievement Award. In 2009, the Research Association actively participated in the legislative process of the Standing Committee of the Shanghai Municipal People's Congress to formulate the "Regulations on Promoting the Construction of Shanghai International Financial Center". Provide advice on the legal environment of the financial center. The research conference provided written opinions on the draft regulations, and many contents related to financial arbitration, financial justice, and financial supervision were directly adopted by legislation. The subject of "Shanghai International Financial Center Legislative Research" undertaken by the main members of the Research Association was listed as reference materials for the deliberation of regulations by the Standing Committee of the Municipal People's Congress, and won the Shanghai Municipal Decision-Making Consulting Achievement Award.

　　The second is to propose solutions to the latest needs of financial reform. The Financial Law Research Association always pays attention to hot spots, responds to the legal needs of the financial market in a timely manner, and conducts research activities through projects, solicitation of papers, seminars, etc., to lay a foundation for the transformation of practice; This channel is used to transform the research results into the productivity of financial legal system construction in a timely manner. Over the years, the Institute has specially organized the "Foreign Exchange and Interest Rate Risk Prevention and Management Theory Seminar", "Multi-level Capital Market Legal System Construction Seminar", "Financial Mixed Operation Legal Issues Seminar", etc. The results have attracted the attention of regulatory authorities and banks and securities institutions; "Seminar on Housing Mortgage Loan Risk Control", "Seminar on Illegal Securities Operations", "Seminar on Financial Information Rights and Financial Information Security", etc. It was the first time in China to discuss new problems in the financial market, and national media such as CCTV quickly responded and made continuous reports.

　　In August 2011, the discussion on "Diversified Resolution Mechanism of Consumer Financial Disputes" was held by many media including "Jiefang Daily", "First Financial Daily", "International Financial News", "Shanghai Financial News" and so on It was reported in different lengths and reprinted by many mainstream online media such as People's Daily Online and Sina.com. Professor Wu Hong’s speech on the “Shanghai Forum on the Rule of Law of Finance” on behalf of our association——“Bringing Financial Consumers into the Scope of the Consumer Protection Law” was successively published by the Shanghai Law Society’s 8th issue of “Fa News” in 2009 , China Law Society, 2009 No. 14 "Yao Bao" reprinted, and the revised paper "A Jurisprudential Analysis of Financial Consumer Protection" was published in "Eastern Law" 2009 No. 5, and was published by "National People's University Copied Materials\Economic Law" The full text of the 2nd issue of 2010 is reproduced. "Liberation Daily", Hong Kong "Wen Wei Po", "Shanghai Financial News" and many other domestic and foreign media also made a lot of reports on his views.

　　The third is to provide decision-making consultation for practical departments. The once-in-a-century financial tsunami has had an incalculable impact on the global economy. Facing the severe economic situation, in December 2008, our association held a forum with the theme of "Financial Storm and Legal Construction of International Financial Center". The enlightenment of the construction of the center, the legal response to the subprime mortgage crisis and the financial market, etc., put forward many viewpoints worthy of attention. According to the viewpoints of the meeting, it was compiled into a summary article "The Enlightenment of the Financial Crisis to the Legal System of International Financial Centers", published by the Shanghai Law Society's 2009 No. It was published in the first issue of "Yao Bao" and reported to the leading organs, which had a great influence, and based on this, a batch of theoretical achievements were published. In March 2009, our association and Shanghai Jing'an District Judicial Bureau jointly organized a seminar on "The Impact and Countermeasures of the International Financial Crisis on the Lawyer Industry and Other Industries", and the participating governments, enterprises, scholars and legal professionals had exchanges To interpret and judge the impact of the financial crisis from a new perspective, and to propose corresponding countermeasures. In June 2010, based on the practice of stock index futures being listed in Shanghai for more than two months, the Research Association hosted the "Seminar on Legal Practice of Stock Index Futures". Experts and scholars from law firms and domestic colleges and universities engaged in financial practice and legal research conducted in-depth discussions on legal issues brought about by trading practices such as the legal environment for stock index futures market operations, institutional framework and regulatory mechanisms, and investor protection. He made suggestions on supervision and improvement of legislation, and put forward enlightening views especially on hot market issues, which attracted great attention from the industry. Professional media such as "Securities Times" made a long report titled "Escorted by the Legal System, Stock Index Futures Embrace the New Era" .

　　Under the correct leadership of the Shanghai Law Society, reviewing the development process of the Financial Law Research Association, although we have achieved some achievements, we are also soberly aware that many tasks of the Research Association need to be further improved, and the standardized construction of the Research Association needs to be further strengthened However, the network publicity is not extensive enough, and the international communication is still in its infancy. Therefore, we focus on four tasks: first, to implement the task of financial market reform, actively create a good legal environment, organize corresponding research, and make preparations for theoretical guidance. The second is to organize research activities according to the reform and innovation requirements of the China (Shanghai) Pilot Free Trade Zone, and propose decision-making reference ideas and solutions for system innovation. The third is to continue to track the progress of the construction of Shanghai's international financial center, organize follow-up research, analyze and solve the problem of legal protection in the construction of Shanghai's international financial center. The fourth is to adhere to the integration of theory with practice, continue to pay attention to the new situation arising from the deepening of financial market and financial industry reform, give full play to its own advantages, respond to actual needs in a timely manner, and strive to provide new theoretical guidance and new practical paths for promoting the construction of Shanghai as an international financial center .