Study Of China's Financial System Changes

After years of reform and change, China's financial infrastructure system has been initially improved, a diversified financial Property system, a multi-level financial various ecological systems, an openness of the financial market competitive mode, and all the sub-regulatory system has been basicly established. All of these laid a good foundation for the further development of China's finance. However, due to changes in the mandatory characteristics of China's financial system is still not effective amendment, induced changes in the financial system needs to intervene and restrict the power of the government, not the wider development. The main growing micro-finance can not meet the needs of the financial impact on our country's progress.It becomes a major obstacle to economic development.In the view of the history of China's financial system, in the framework of the theory of systems change, this paper uses balanced theory to analysis the financial system in China and obtain that there are different stages of changing the balance of features: mandatory changes in the balance of that initial stage, late stage of mandatory changes in the market imbalance, and the late changes induced changes in the balance of demand. This established a theoretical basis for identifying the defect of China's financial system and changing policies accordingly. Meanwhile, using the path dependence theory, this paper gains that it is the main obstacle that the mandatory, progressive, lag of three non-balance strong path-dependent exsisting in the change of China's the financial system. In addition, through the financial system change on the experience of Western countries, this paper reached some empirical conclusions on mixed long-term development goals and sustainable development features. The mandatory changes in the non-balanced financial system, trigger a financial market is seriously divided, unreasonable financial structure, non-coordinated development of regional financial and capital market innovations and a string of other issues, all of these have seriously impeded the progress and harmonious development of a comprehensive finance in China. This paper gave recommendations of upgrading and improving the financial system: improving the financial system, improving the system environment, and strengthening technological innovation system to promote innovation effect. The conclusions have significance and reference value for the findings the financial system and construction-related industries which is institutional maturity and efficient operation.