Research On The Influence Of Financial Openness On The Competitiveness Of Financial Service Trade

With the advance of industrial upgrading,knowledge-intensive industries in China's development strategy occupies an increasingly important position,the financial services industry is one of them.<The 13th five-year plan in service trade>released in 2017 clearly noted that increasing the proportion of financial services trade be one of the service trade development goals during the 13th five-year plan period.Financial opening is the prerequisite for the development of financial services trade.This thesis analyzes the impact of financial openness on the competitiveness of financial services trade.In this thesis,the combination of theoretical research and empirical research as well as qualitative analysis and quantitative analysis method is used to study this issue.First of all,this thesis has compiled the theoretical research on the financial openness measurement and the influence of financial opening on the competitiveness of financial services trade.It is found that most scholars' research supports the conclusion that financial opening is positively related to the competitiveness of financial services trade.Then,this thesis analyzes the history and current situation of China's financial openness from the qualitative and quantitative point of view and makes a comprehensive introduction and analysis of the current situation of China's financial service trade.In general,China's financial openness and financial services trade competitiveness are at a relatively low level,and since 2015,China's financial services trade,whether in total or openness or competitiveness view,has been falling sharply,making the thesis particularly important.It is hoped that the research of this thesis will be helpful to the development of China's financial service trade.This thesis then carries on the empirical research,takes the market share of financial service trade as the competitiveness index,extended foreign trade dependence index,namely the financial service trade dependence degree as the openness index.Based on the panel data of 18 countries included in Group 20 from 2001 to 2015,the empirical results show that the openness index is positively correlated with the competitiveness index.In addition,The results of the regression of the above 18 countries into developing countries and developed countries respectively show that financial openness is positively related to the competitiveness of financial services.Finally,combining with the current situation analysis and empirical results,this thesis puts forward some suggestions classified by the government guidance and the enterprise strategy.