Use For Reference On International Experience Of Financial Liberalization And The Choice Of China's Policy

Since the 1970s, there are two tide waves inducing tremendous finance change which swept almost all countries in the word. Developing nations have been carrying through financial system reform on financial deepening or financial development, and there have begun to release financial regulation in developed nations. Owing to different economic background, different levels of economy development and finance system, there are enormous gaps in material content of financial deepening and releasing regulation in these two kinds of nations. But these reforms can generalize by financial liberalization essentially, their purposes are the same that they all want to change those restricting to finance system, and bring market power into great play, and make finance promote the development of one's economy. On the influence of financial liberalization, there have been deepening incessantly in the financial markets all over states(or regions), appearing in financial internationalization and quickening in international capital flow increasingly. On this financial background, financial liberalization offers not only opportunities for all nation's financial development, but also brings many potential risks and challenges. Therefore, it is a key how to affront and estimate right the positive and negative effect, how to advance its process of financial liberalization in the choice of financial liberalization's policy measures. There have profound academic background and many reasons in the rise of financial liberalization. Developed and developing countries have accumulated abundant experiences and lessons in their course, and we can gain important meanings to us when reviewing and using for reference its process. On analyzing fully financial liberalization of developed and developing countries, we should improve macro-economy to create good institutional conditions, developing in proper sequence and moderate protection, accelerating it by financial innovation, perfecting the system of financial supervision, and strengthening cooperation with regional and international economic organizations in the light of financial risk caused by financial liberalization and our actuality of financial system reform,, and its aim is to defense financial risk and to promote economic increase.