Banks Open And National Finance Security

With the enforcement of "The People's Republic of China's Management Rules of Foreign Capital" on Dec llth,2006, China's each promise of financial service trade is fulfilled which was made when China entered the WTO on Dec 11~th, 2001. It marks that our banks are open in all aspects. From then on, banks in China would compete with foreign capital banks. The banks' opening brings capital, products, skills and developed management ideas. Hence it promotes the financial reform. At the same time, it increases financial market subject' s competition consciousness, the competition standard and financial creation ability. It makes our finance work healthily, efficiently and safely. Thus, it provides a strong support to the increase of national economy while the finance security problem comes.The paper holds that the process of financial reform and nationalization has been greatly taken since China entered the WTO on Dec 11~th, 2001. Banks opening is an inevitable trend. China should grasp the opportunity to improve the financial market competition, various products and service efficiency. It will change China banks management ideas, improve management standard and promote the commercialization of banks organization. At last, it will increase banks' international competition ability and support the increase of national economy. At the same time, our pressure on banks opening is likely to be changed into financial security pressure. If it isn' t dealed with carefully, it may threaten our financial security and we will lose the control right of banks, finance and even national economy and politics. Based on the above, the paper puts forward the suggestion on how to do "protecting in opening, opening in protecting", how to defend our economy interests, finance stability and guarantee finance security and economy security.