Political Economics Analysis Of China's Financial Service Trade Policy

Trade liberalization of financial services is the trend of the world economy. Under the framework of the FSA, the deeper open between WTO members is just a matter of time. Accession to the WTO for over a decade, China has completed comprehensive financial services commitments. Under the framework of prudential supervision, the implementation of national treatment to foreign financial institutions. But developing countries take the risk of the financial sector liberalization seriously. In recent decades, the ways and the results of financial reform are very different between different countries. In the face of the challenges and opportunities of financial liberalization, to explain the Chinese financial trade policy formulation process, analyzes the influential elements of the trade policy has theoretical and practical significance.The paper based on the perspective of political economy. Making the policy as a kind of public goods in the process of "endogenous" in the political game, considering the government's target, interest groups and the realistic factors such as values of the society which is more close to the reality of policy decision-making process. Draw lessons from the political economy of trade policy model to analyze our country's financial services trade policy decision-making process, affecting the financial service trade policy from three aspects of factors, including the national goals and interests, national interests and international service trade environment and the bilateral relations are analyzed. Using relevant data of 2002-2013 China empirically the factors affecting China's financial service trade openness. The empirical results show that on the national goals and authority, the financial service trade openness and financial sector pull of gross domestic product(GDP) growth rate was positively correlated, conform to the general attitude. Impact on the interests of industry, the government holds a more open attitude on banking, encourage the development of foreign Banks in China; For the competitiveness of weak tendency of the securities industry gives some protection.