Study On Modes Of Financial Innovation And Abilities Of Financial Innovation

There is a fixed pattern of improvement in financial innovative abilities. Because native financial instiutions don't establish dynamic increasing mechanisms,they have not been paying attention to accumulating innovative abilities. Accordingly,innovative models become the most imporate factor which affects innovative actions.The paper has comparatively analysed China's financial innovative abilities with that of foreign's,in order to find bottlenecks which restrict improvement of China's financial innovative abilities. Futhermore,essence of immproving financial innovative abilities is accumulating domino effect of innovative abilities,and manifests continue expansion of innovative abilities finally. Once its expand a critical number,financial innovative ability will transform completely,and will realize movement in "terraces-steps". At the same time,because essence of financial innovative abilities is knowledge,according to the process of increasing mechanisms of financial innovative abilities,we think that the ways including imitative innovation,cooperative innovation and indenpent innovation exist a dynamic cycle of recessive knowledge and domiance knowledge,being composed of evolution,alienation,combination and internalization,which are approaches to the growth of financial innovative abilities.Innovative models influence process and direction of development of financial innovative abilities. Scientific models accelecerate development of financial innovative abilities. According to the analysis above,we think that cooperative innovation is the best selection to promote China's financial innovative abilities.