Financial Services Trade International Competitiveness Study In Our Country

With the accelerated pace of economic globalization, trade between the countries aremore and more frequent, countries around the world by constantly find their competitiveadvantage with other countries to trade in various forms of communication, so as toenhance the country’s overall strength。At the same time, in the context of global economicintegration and liberalization process accelerated, the trade in goods alone can no longermeet the needs of countries rapid development and various forms. Therefore, the focus ofglobal economic competition is shifted from trade in goods to trade in services, reflected inthe global economy than usual, more irreplaceable role and play an increasingly highimportance of allowing international trade in services. Further development of theinternational trade in services requirements of the financial system-strengthened with asolid core of economic development. In turn, the financial development and the degree ofopenness of a country affect a country’s trade is carried out smoothly. Along with thestructure and development of the center of gravity of the economic structural adjustmentservices trade also slowly change, trade in services, trade in financial services occupy anincreasingly large proportion of the trade in services, and other service trade positive andfar-reaching impact. Trade in financial services as a trade in services plays an importantrole in the economic development of a country, in the future of the global economy, tradein financial services will be gradually replaced trade in goods become the countries’competition for the commanding heights of the trade.This paper reviews the domestic and foreign scholars on the interpretation of trade inservices and trade in financial services, analysis Michael Porter’s Competitive Advantageof Nations, Adam Smith’s theory of comparative advantage for the applicability of trade infinancial services, and contrast in the financial services trade application The same time,the analysis of the benefits of the opening up of China’s financial markets to trade infinancial services in China, as well as our existing convenience market liberalization oftrade in financial services. The article also used the trade competitiveness index, index ofinternational market share, the revealed comparative advantage index, the dominantcompetitive advantage index to conduct a comprehensive analysis of the internationalcompetitiveness of China’s trade in financial services. Finally, from policy to supportefforts to broaden the sources of funding, Systems of innovation, financial market reformand the cultivation of high-quality talent, and many other suggestions.