The Research On Influence Of Financial Innovation On Economic Growth

Financial innovation played an important role during the financial crisis。To a great extent,,it hindered the development of economic。Comparing developed countries, financial innovation in our country is inadequate. Under the background, it is very important to study the influence of financial innovation on Chinese economic growth.At first, the paper introduced the meaning and system of financial innovation as well domestic and foreign study on financial innovation. The next part is current situation of Chinese financial innovation as well microcosmic and macroscopic path. Then the paper analyzes the promoter action that financial innovation produces an effect on China economic, as well the challenge produced by financial innovation.At last, some suggestion that financial innovation service economic growth is proposed according to Chinese real situation. The purpose is to make the financial innovation promote Chinese economic development.