Wto Financial Liberalization Of China's Currency The Brokerage Industry Regulation And Legislation

China's financial opening has given birth to a number of newly emerged industries, one of which is Money Broking Industry. Money Broking is acting as the bridge connecting foreign exchange market, monetary market and capital market, and is also the necessary link for the well developed financial market. However, since Money Broking Industry is still a wholly new industry for China, therefore, our research on this area is just on the phase of initial starting, which is very weak in either theoretical preparation or practical experience, and lacks relevant material as well.Money Broking is a kind of intermediate activity which provides information to and facilitates the trading of financial products in the market. This paper thinks it very important and necessary to introduce Money Broking Industry to China. But because of China's imperfect financial market, strong interference from government, and less extent of market cultivation, the firstborn Money Broking Industry is now facing its survival test. In regard of the above facts, this paper sets its long-term objective as to promote the development of Money Broking Industry and perfect the financial system of China, conducts researches on WTO financial service trading and China's financial opening status, and takes considerations on the questions of how to set up and develop the Money Broking Industry in China under the framework of WTO, and lastly, puts forward suggestions to the supervision and legislation of Money Broking Industry in China. It aims to make use of the experiences of supervision and legislation from western developed countries, so as to benefit the future development of China's Money Broking Industry.