| After the signature of'GATS'and'Financial Service Trade Treatment', it has been a trend to open financial market to the world, and it is having great effect towards the world economy. More and more countries are inclined to release their control to finance, with the aim to make its financial market more evenhanded. Also The Liberalization of Financial Service Trade makes the financial products cross the national boundaries possible. Since 1960s, some developed countries started to put the Liberalization policy into practice, and in 1970s, with the influence of Finance Liberty theory of Mckinnon and Shaw, some developing countries carried this police into execution in succession. In the end of 2001, China signed the treatment of GATS when joining WTO, according to that, China must carry out its promise to open totally its financial market... |
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