| At present, the opening up of China's banking sector has entered a new period, as the transitional period ended, foreign banks operating in China already have national treatment, and the restrictions on region and business of RMB are gradually called off. This indicates that through preparations underway for several years, foreign banks began to progress forcefully, and the business distribution in China,development strategy and other areas are undergoing profound changes and adjustments. In economic globalization, the expansion of multinational banks simultaneously produce two effects on the host country banking institutions, on the one hand, it enhances the degree of banking competition, broadcasts advanced management tools and risk management techniques, and promotes the host country banking reform; on the other hand, there may be some impacts on competition among domestic banks, the global portfolio management of international banks leads to the uncertainty of adjustment on business and risks spreading cross-border, and erodes the host country's sovereignty and national interests of the financial. In view of the banking sector's strategic position in the national economy, we must ensure the control over the banking sector and the national financial security, as we make use of the external forces to promote the development. Therefore, the process of opening up the banking sector should be based on their background conditions, select the appropriate steps and degree of opening up. What more important is that domestic banks should speed up their reforms and improve competitiveness as soon as possible.Moreover, as a big country, which has some influence on the world pattern, China has become potential adversaries of the United States, Japan and Europe. So, although China hopes to accelerate the opening up process to achieve national prosperity and national revival, we should be very clear with our own independent strategic interests in the process, need the right strategic layout and arrangements and we must maintain enough control on the industries related to the national economy,national security and social stability. The banking industry is related to the national economic development and stability, is an important channel for macroeconomic regulation and is the core business. Whether the banking industry can maintain the necessary control is directly related to national security.Based on carefully examining the development of foreign banks in China, this paper studies the development strategy and future trends of foreign banking sector through studying the steps of expansion of foreign banks in China and analyses the effects on financial security of the host country. Based on the actual situation of our country, the paper also studies the effects of opening up on the financial stability,financial efficiency,financial security and whether it will pose a threat to China's financial security. Finally, based on the previous analysis, the paper address some policies to promote the progress of the opening up of China's banking sectors.The article includes five parts, the specific structure as follows: The first chapter introduces the topics and background of this article, sorting the existing research at home and abroad, pointing methods and basic ideas. The second chapter introduces the theories of financial security; mainly about the definition of financial security and the three evaluation criteria to evaluate the financial security.The third chapter analyzes foreign banks'current development in China based on detailed data and obtains the strategy and trends of foreign banks by comparing with the domestic banks.Chapter IV analyses the effects of openness on the security of the host country based on the previous chapter. Based on the actual situation of our country, the chapter also studies the effects of opening up on the financial stability,financial efficiency,financial security and whether it will pose a threat to China's financial security. |
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