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 changewhich swept almost all countries in the word. Developing nations have been carryingthrough financial system reform on financial deepening or financial development, andthere have begun to release financial regulation in developed nations. Owing todifferent economic background, different levels of economy development and financesystem, there are enormous gaps in material content of financial deepening andreleasing regulation in these two kinds of nations. But these reforms can generalize byfinancial liberalization essentially, their purposes are the same that they all want tochange 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 deepeningincessantly in the financial markets all over states(orregions),appearingin financialinternationalization and quickening in international capital flow increasingly. On thisfinancial background, financial liberalization offers not only opportunities for allnation'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 financialliberalization's policy measures.There have profound academic background and many reasons in the rise offinancial liberalization. Developed and developing countries have accumulatedabundant experiences and lessons in their course, and we can gain importantmeanings to us when reviewing and using for reference its process. On analyzing fullyfinancial liberalization of developed and developing countries, we should improvemacro-economy to create good institutional conditions, developing in proper sequenceand moderate protection, accelerating it by financial innovation, perfecting the systemof financial supervision, and strengthening cooperation with regional and internationaleconomic organizations in the light of financial risk caused by financial liberalizationand our actuality of financial system reform,, and its aim is to defense financial riskand to promote economic increase.