Research On Financial Deepening Of Chongqing Free Trade Zone

In contemporary society,economic globalization is an irreversible trend in the world economy.The link between regions and economies has become even closer and the level of economic liberalization has been greatly improved.The free trade zone was built under this backdrop.China has established three batches of 11 free trade zones so far,forming a 1+3+7 free trade zone pattern.Since the listing of the Chongqing free trade zone,the government released many measures to support the financial deepening.It is a nice opportunity for the development of the real economy due to the acceleration of financial deepening reforms.However,due to the slow development of financial development in Chongqing,the financial deepening reform in the Chongqing free trade zone has been a long and arduous process.It is necessary to speed up the pace of reform on the basis of risk control so that it finally forms a domestic trade and investment facilitation with complete financial system.And it will become the advanced free trade zone in China to service economy development.The main content of this paper is the status quo of financial deepening,problems and policy recommendations to promote financial deepening in Chongqing free trade zone.The article first analyzes the overall construction situation of China's free trade zone.It focuses on analyzing the replicable and expandable experiences formed during the construction of Shanghai Free trade zone and Tianjin Free trade zone.it sums up some experience that Chongqing free trade zone can learn from.The following is a study of the Chongqing free trade zone.First,it analyzes the economic basis of the construction of the Chongqing free trade zone and the status quo and development priorities of the three major regions of the Free trade zone.This is followed by a study of the status quo of the financial development in the Chongqing free trade zone.It main analyzes the establishment of institutions and the status quo of financial deepening reforms in the bank,securities and insurance in the free trade zone.And then it puts forward some problems in the reform.Then it talked about the risks of the exchange rate,free capital flow,and the impact of overseas institutions that the Chongqing free trade zone may face in the financial deepening reform.At the end of the article,through the study of the Chongqing free trade zone,some suggestions were put forward for the financial deepening reform in the Free trade zone.It is believed that the Chongqing free trade zone should be constructed from building financial system,promoting the marketization of interest rates,reforming the exchange rate system and increasing the RMB settlement and payment to promote financial deepening reform in the Chongqing free trade zone.This article studies the financial deepening reform of Chongqing Free Trade Zone and hopes to provide assistance for the construction of Chongqing Free Trade Zone.At the same time,it also hopes to provide experience and path for the financial deepening reform of the third batch of free trade zones.As the regional center of southwest inland,Chongqing's economic development will radiate to a large area around it.And the establishment of the free trade area will help Chongqing to become an economic development center and financial center.It will drive the development of the entire southwest region and even the overall economy of China.