Research On The Financial Innovation In Shenzhen Qianhai Free Trade Zone

On April 27 th 2015,as a part of the Guangdong Free Trade Zone,the Shenzhen Qianhai Free Trade Zone was formally established.After superimposing the Free Trade Zone policy,the Qianhai Free Trade Zone has paid more attention to financial functions,and revolves around comprehensively deepening reforms,expanding openness,and serving national strategies and systems.In the beginning of the construction of innovation and important achievements in service promotion,Qianhai Free Trade Zone has produced a series of financial innovation achievements.This paper has tried to explore the model and operational mechanism of financial innovation in Qianhai Free Trade Zone as a research object,with a view to providing constructive opinions on the financial reform and innovation of Qianhai Free Trade Zone.This article first analyzes the basic conditions for the innovation of Qianhai Free Trade Zone and the core competitiveness of financial innovation,demonstrates the feasibility of Qianhai's financial innovation through relevant financial theories,and uses Porter's competitiveness theory to analyze the innovative competitiveness of Qianhai.The second part collates the innovative policies of the Qianhai Free Trade Area,analyzes the policy effects of the financial innovation in the Free Trade Area,and the third part analyzes the financial innovation model of the Free Trade Zone in depth,and explores several models,to find a financial innovation model suitable for the Qianhai Free Trade Zone,thus derive a new business model under this pattern.The fourth part of the thesis is the study of the operating mechanism of the free trade area,using the analysis method of the game to analyze the competition mechanism,legal mechanism and supervision mechanism,revealing the operation process between the innovation subject and the micro subject of Qianhai Free Trade Zone.The conclusions reached in this paper are: Qianhai Free Trade Zone has a large driving and policy effect on financial innovation;The free trade zone creates a pattern of intermediate diffusion-type institutional change that is government-led,and gradually transits to the intermediate-diffusion-type,ans will eventually transits to a demand-induced institutional change that is consistent with the inherent requirements of the market economy;In the process of the relevant game in the government,the micro-innovation subject and the innovative enterprise,the free trade area makes the entire operating mechanism to be coordinated and balanced.