中文摘要：

本文旨在探讨金融发展的“中国模式”。基于开发性金融的案例，通过修正传统经济学中的信贷均衡模型，本文尝试性地建立了考虑政府因素的市场模型，并对各国金融发展方式以及银行市场化改革的过程与结果进行比较分析。本文认为，理解金融发展“中国模式”的要害是剖析政府因素和其他市场因素在金融市场化改革过程的博弈与磨合。特别重要的是，在中国的金融市场化改革过程中，政府参与市场形成实际上是改革逻辑的一种内生需要，由此也决定了政府因素在此过程中发挥着弥补市场不足和增进市场功能的正向作用。这种作用无疑会挑战传统经济学的理论与政策判断，它也时刻提醒我们需要格外关注现有金融市场化理论的适用性，从而将中国金融改革与发展路径选择的注意力放在探寻政府因素与其他市场因素在金融市场化改革过程的有效组合与合理兼容。

英文摘要：

The paper is trying to explore ＂Chinese model＂ of financial development. Based on the case study of development finance, through revising loan equilibrium theory in traditional eeonomics, the authors create a market model ineluding the factor of government and comparatively analyze the financial development and banks＇ market-orientation reform in different countries. It points out that the key to understand ＂Chinese model＂ is the relationship between government and other market factors. Most importantly, Chinese government has played the role of enhancing market function. This reminds us that Chinese financial reform should be put on exploring effective combinations of government and other market factors.