The Context Of The Financial Crisis On The Financial Sector And Opening Up China's Financial Security And Countermeasures

Of financial openness is the countries are facing economic globalization and the trend of economic integration, an inevitable choice. It is not only to this country's financial development has brought benefits, but also to some degree, so that the country's dependence on the external financial sector further strengthened, leading to the country's domestic financial markets are subject to foreign the possibility of enhancing the impact and endanger the country's domestic financial security. From the Southeast Asian financial crisis in the history of experience, finance, financial liberalization and opening up makes all the already fragile domestic financial system has been a strong external shocks, resulting in new risks, while in the open country in the domestic financial system, some of the risks latent has also been stimulated further led to opening up the country's financial security is being challenged. Financial openness and financial development of China's basic national policy, but due to a number of listed historical and practical reasons, China's financial system is still not perfect, there are many factors on China's financial security threat. In China's accession to WTO, banking, securities and insurance industries and other industries are facing strong foreign financial institutions from the impact of these external shocks is likely to result in the implementation of China's macro-economic policies affect results, and as deepening of the degree of openness of financial regulation have increased the difficulty of a lot.Therefore, China should adopt effective measures to ensure that financial openness in the process of financial security. For example, to maintain a stable macroeconomic environment, strengthen financial institutions, reform and management, and gradually promote the opening of the capital, improve the financial market system, and rational use of the WTO provisions to protect the security of the country's financial markets, establish financial security early warning systems. This study is from the financial security and the background of the relationship between financial liberalization starting to explore China's financial opening-up process and the inevitability of history, to explore further financial liberalization of the financial system and security implications, will be from the financial liberalization of the banking sector, securities industry and security implications of the insurance industry, the three-pronged, to sum up, to make certain recommendations and countermeasures.