Path Choice Of Financial Innovation Of China's Financial Market

Using the theory and framework of economics, this article studies the motivation and process of China's financial innovation and explores the path of China capital market financial innovation. Altogether, there are five chapters, including the introduction of this article. In the first chapter, we introduce the problem this article attempts to discuss, the studying angles of this article, the theory and method used in this article, and the framework and innovation of this article. We also review the literature about financial development and financial innovation by the predecessorsIn the second chapter, we discuss the motivation of China's financial evolution during transition period, with original financial backwardness in the background. The financial development of late-developing countries is a dynamic evolutionary process, during which the state of financial backwardness should be changed. There exists"late-developing advantage"in financial development, that is to say, late-developing countries can benefit from learning and imitation. Typically, China's...