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Study Of International Financial Services Trade Liberalization, A Number Of Legal Issues

Posted on:2008-01-10Degree:MasterType:Thesis
Country:ChinaCandidate:Y H WangFull Text:PDF
GTID:2206360215961361Subject:International Law
Abstract/Summary:PDF Full Text Request
The liberalization of international trade in financial services, an inevitable outcome of worldwide economic development, plays an important role in one nation's exports and the foreign investment. It promotes the international trade development, and makes the financial service trade gradually become one of most important contents of international trade.Developing countries, however, usually set limitations on the opportunity of foreign service provider supplying a financial service for domestic consumers, in order to stabilize their financial markets and strengthen the macroeconomic regulation, especially for the purpose of protecting domestic infant industry. This has caused the Trade Barrier of International Financial Service. Despite its rationality, the barrier hinders the further development of the financial service in all nations, which are against economical globalization.Therefore, it is essential to achieve the international legal regulations in this domain approved by different countries for the fair and rational coordination of the international financial service trade liberalization and relationships among different trade protection policies. Although it is extremely difficult to establish a multilateral legal frameworks of international financial service trade, its establishment will exert considerable influence on promoting the course of international finance service trade liberalization.On the one hand, the financial service trade liberalization fosters the utilization of resources in the international market, and then effectively boosts the health growth of the global financial service industry. On the other hand, it inevitably brings about the possibility of worldwide financial crisis. Therefore, financial supervision and management have a more vital significance in this background: The healthy growth of financial service trade liberalization can be achieved by moderate supervision and management; meanwhile, it will also generate a new challenge for a nation's financial supervision. When China is undertaking a task of further liberalizing its financial services sector, perfecting financial supervision mechanism is significant for china's positive fulfillment of its WTO commitments, as well as healthy development of domestic financial service industry.The financial service trade liberalization not only strengthens the competitive strength of domestic financial industry, but also enhances the domestic consumer's welfare. Since China's entry into World Trade Organization, our country has been gradually opening domestic financial service industry. Until last year has our banking industry basically realized the comprehensive foreign opening. When the domestic financial service industry is gradually adjusting to financial service trade liberalization, how to deal with the presently legislative insufficiency and further strengthen the legislative construction is of a vital significance to the future financial service trade liberalization advancement in China.This article, on the basis of the general theory of the international financial service trade liberalization, attempts to illustrate the following three points-multilateral legal frameworks of the international financial service trade liberalization, the coordination and contradiction of the international financial service trade liberalization and financial supervision and management, as well as its present situation in China and its influence on the domestic legislative suggestions.Aside from the introduction and the conclusion, this paper can be divided into four chapters, close to 50, 000 characters.Chapter One, a general analysis of the international financial service trade liberalization introduces the questions and basic principles of international finance service trade liberalization. Research object has been made clear by analyzing the correlation and difference between international finance service trade liberalization and its relevant concepts.Chapter Two introduces and analysis the multilateral legislative frameworks of international financial service trade liberalization. According to the chronological order, and the World Trade Organization's establishment as a dividing line, the establishment process and main content of legislative mechanism in the international financial service trade liberalization have been introduced and analysized.Chapter Three is about the contradiction and coordination between international financial service trade liberalization and the financial supervision and management. This chapter mainly introduces how financial supervision problems emerge and the new arising problems, and then analyzes its present situations when China is further opening its financial service sector and the existing problems with a suggestion on how to perfect our domestic financial supervision mechanism.Chapter Forth is about China's present financial service trade and suggestions to china's legislative system. The liberalization process of china's financial service sector and the present situations of major financial departments have been introduced with the newly data. The legislative deficiency of china's financial service has been analyzed, and counter-measures and suggestions are put forward on the basis of law revision in the main finance service sector.
Keywords/Search Tags:The international financial service, multilateral law frameworks of trade liberalization, financial supervision and management, the Chinese financial service law
PDF Full Text Request
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