Study On The Development Of Islamic Financial Problems In China

Islamic finance is based on the<Quran>," Sunnah ","Shariah Law" economic and financial theory, formed in the process of reconciling the traditional international financial system, used to follow Islam for financial affairs of people while serving the unique financial system. Modern Islamic finance along with the Islamic countries to pursue the process of political and economic independence, has been the rapid development in the Islamic revival movement and driven by the large inflow of petrodollars, in order to cope with the increasing financial globalization trends and meet the need of further development to open the process of internationalization.In2008, under the influence of "Subprime mortgage crisis", which comes from the United States, the traditional international financial industry has been badly hit. Different from the traditional financial industry, the Islamic finance with the principle of risk sharing, profit sharing, prohibit speculative and focus on the moral physical assets, better avoid the risk of the subprime, contrarian up, showing the powerful vigor and vitality. Faced with strong Islamic world financial capital and abundant petroleum resources, the countries in the world have launched Islamic finance business in a fierce competition for the huge Islamic world financial markets.Contemporary China’s Stable political, rapid economic development and favorable investment environment, thirty million Muslim masses also has a huge market and cultural advantages, together with the international financial centre of Hong Kong sound financial regulation, superior financial infrastructure, well-developed financial markets, which for Islamic financial development in China has laid a good foundation. And China is in a critical period of comprehensively building a well-off society and deepening of reform and opening up, Actively developing Islamic finance, to perfect our financial system, promoting the healthy development of the financial industry; the strengthening of international economic and trade cooperation, strengthen the capacity of attracting foreign investment; to promote development of ethical region economy, maintain national unity and harmony etc have great significance.In this paper, the connotation of Islamic finance, theory, history, business, management and operation are introduced in detail. On this basis, describes the positive significance in promoting the development of China’s economic and financial development of Islamic finance, as well as the challenges to maintenance of the security and stability of our financial. Combined with China’s specific national conditions, we analysis the advantages, disadvantages and international environment of China’s development in Islamic finance. Then in the study and learn from the world Islamic finance development mode, summary Hong Kong, Ningxia Islamic financial pilot on the foundation of experience and lesson, to our country the Islamic financial development made detailed path planning. Finally, some suggestions are given in the aspects of government support, risk supervision, personnel training, business management, product innovation and coordination with traditional financial to put forward the development of Islamic finance in China. In order to play a role in China’s development of the Islamic financial to knowledge popularization, project evaluation, development planning, Countermeasures and suggestions.