As the financial system of "national important core competitiveness",China's government and regulatory authorities pay more and more attention to the financial fragility characteristic. To reduce financial fragility and prevent systemic financial risk requires the guidance of financial fragility source. Based on the existing financial fragility source theories,this paper put forward five dimensions of financial fragility sources,which are real economy debt expansion,financial institutions risk, financial market risk,international trade and international impact and macroeconomic volatility. Further research analyzing the relative levels,accumulation,and associated supporting effect of fragility sources can provide reference for China's policy and formulation research to prevent systemic financial risks.%作为"国家重要核心竞争力"的金融体系,其脆弱性来源及特征越来越受到政府和监管部门的重视.防范发生系统性金融风险,需要探寻金融脆弱性来源.以现有金融脆弱性来源理论为基础,把金融脆弱性来源归纳为实体经济债务膨胀、金融机构风险、金融市场风险、国际贸易与跨国冲击、宏观经济波动等五个维度,分析脆弱性来源的相对水平与累积以及脆弱性来源的关联支撑效应,可为防范发生系统性金融风险的政策研究制定提供参考.
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