Liberalizing Trade In Financial Service And Strategies For Our Finance Industry

Taking our development of trade in financial service and international competition capability of our finance industry as a foundation, this article has respectively carried on the empirical analysis between trade in financial service and the development of finance industry and each fact to effect finance industry, then proposing pertinent suggestions to improve the international competition capability of our finance industry.After introducing liberalizing trade in financial service and its correlate concept, this article researches the general theory of trade in financial service and effective theory of the liberalization, thus it analyzes its risk and income. At the same time, it comes to the conclusion that improving the competition capability of domestic finance industry is the essential condition to obtain the comparative advantage. Next it discusses our reality and development trend of liberalizing trade in financial service.Then it makes out the empirical analysis between the international competition capability of our finance industry and its influential factors, which explicitly explains the development of our finance industry that lacks the international competition capability in the overall. When analyzing the comparative advantage of our trade in financial service, through the dynamic comparison, this article takes the method of qualitative and quantitative analysis and describes that our trade in financial service has the comparative disadvantage in the field of the knowledge and technology-intensive, as our finance industry developed, the international competition capability of our finance industry will be increasingly strengthened.Next through the empirical analysis between the development of finance industry and trade in financial service, it sets forth that it exists the comparative disadvantage of our trade in financial service, so it is necessary that we practice moderate protectionism. Which makes a conclusion that trade in financial service promotes the development of industry finance. At last, through SWOT, it analyzes the strengths, weaknesses, opportunities and threats of our finance industry and trade in financial service, and puts forward the combined strategies to enhance the international competition capability of our finance industry. Under the uptrend of liberalizing trade in financial service, we can make more benefit and reduce more risk from the trade, and under the related rule of FSA, we may effectively improve international competition capability of our finance industry..