Annotation

The article examines China’s financial and legal policy and determines its importance for the country’s financial system. The study raises the question of the financial system of Russia and China, and identifies differences. The article examines the historical aspects of the development of economic relations, management approaches and legislation that formed the basis of China’s socio-economic and technological success. It is concluded that the sustainable development of China’s financial system largely depends on the development of the non-governmental sector of the economy and the investment activity of foreign countries. A favorable environment for international cooperation is being created at the state level, and businesses are actively interacting with foreign partners, expanding all areas of production and making them attractive for investment. The following are highlighted as priority areas of China’s financial and legal policy: development and active government support of the banking system and, accordingly, the national monetary sphere; formation of economic strategies to increase the investment attractiveness of the state; implementation of a fundamental policy of openness for geo-economic cooperation with other states; etc.