Research On The Competitiveness Of Financial Service Trade In China

With the development of society, Economic globalization especially financial crises make people realize that financial services trade which will gradually replace the goods trade has become the commanding heights of the world to promote international competitiveness. Implementation of cross-border RMB and the construction of Shanghai's financial center in our country can explain the importance of financial services. Therefore this paper find that on the one hand it is necessary to calculate our financial service trade of international competitiveness in our financial service trade, on the other hand we also need analysis the impact of the factors in China financial services trade.Firstly,The paper summarizes the previous theoretical study in the financial services trade, and then we review the empirical study on the international competitiveness of our financial services trade.The result is that there is no comprehensive analysis, because of imperfections of the China statistical system. So this paper considers that it is necessary to study financial services trade which is based on FAST statistical method.Secondly, by calculating TC index, RCA index, NRCA index, G-L index, TSO index from 1997 to 2009 and according to published data by the banker magazine, we can concluded that although it is highly development of our country's financial services trade in recent years, amplification of trade deficit and low international labor division status can not be ignored. So this article estimates the factors of financial services trade.Lastly, On the basis of the above analysis, this article will give the proposal in view of the characteristics and the influence factors on the financial services trade.