The Study On China's Financial Opening

In 2001, China officially joined the WTO, with the gradual realization of WTO commitments, the Chinese financial opening processes have been faster. Because financial opening is a "double-edged sword", it is promoting economic and financial development and at the same time, can increase the risks of finance, therefore, we must pay attention to the problem that how to open finance. In theory, with financial development theory, as a representative of the relevant theories of financial openness to China's financial opening has great theoretical guidance function. Look from practice, started later 20th century world financial opening course, both developed and developing countries, their experience and lessons are significant for China.This article elaborates the related theory of financial openness; Secondly, according to the United States, Japan, South Korea, Argentina, these four countries represented in developed countries and developing countries on financial opening to the comparative analysis, through its timing, financial opening sequence comparison and open effect analysis to our country, puts forward several enlightenment of financial openness, including financial opening are based on national economic development and stability, should have mature financial system for guarantee, must follow the certain order, must have a perfect financial supervision; Finally, the article analysis China's financial open situation: Firstly, China's financial open course. Secondly it is to open and economic growth of China's financial empirical analysis of the relationship, selected the 1985 by 2009 data Eviews software econometric analysis that China's financial opening, with economic growth can promote each other relations between. Thirdly is to analyze existing problems in the process of China's financial openness, and puts forward relevant measures, including maintaining the continuity of macroeconomic policies, perfecting the financial legal system and financial regulatory system, deepening financial system reform and liberating capital account carefully, strengthening financial supervision, promoting the financial cooperation, etc.