Financial Globalization And The Challenges Of China's Financial Industry

ABSTRACTWith the great growth of international trade andcross-boader flows of capital and the quick global expansion of multinational companies,the internationalization of economy and trade has developed speedly .Followed with that ,the tendency of the financial globalisation has also become obvious ,which has been the important influential element of the development of modem economy. Faced the tendency ,we should study it carefully and speed up our reform and openness in order to take the opportunities and avert financial risk it brings.