Research On Financial Innovation And Its Impact In China(Chongqing) Pilot Free Trade Zone

Since the reform and opening up,China's economy has achieved leap-forward development.However,after the world financial crisis in 2008,both the external environment and its own conditions have undergone tremendous changes for China: On the one hand,the demographic dividend after China's reform is gradually increasing.Disappearing,there is an urgent need to change the way of development;on the other hand,the United States and other developed countries vigorously promote higher standards of international trade and investment agreements,China's opening up faces many new requirements,and China's initial opening up model is also facing new challenges.Related to this,China is seeking a new model to promote its own foreign economic development,and is also actively exploring new paths for opening up to the outside world.Actively building a free trade pilot zone is to respond to the new international situation and seek new profit growth points.One of the effective practice paths.Therefore,how the Chongqing Free Trade Zone combines its own resource conditions,draws on the successful experience of financial innovation in mature free trade zones at home and abroad,and creates a new pattern of financial innovation,which is undoubtedly a research topic of great practical significance.This paper focuses on the theme of financial innovation and its impact in Chongqing Free Trade Zone,analyzes some successful experiences of mature free trade zones at home and abroad,sums up the financial innovation policies,practices and achievements of Chongqing Free Trade Zone,and analyzes the financial innovation process of Chongqing Free Trade Zone.There are problems in the Chongqing Free Trade Zone,and there are many problems such as the lagging of the legal system construction,the single form of financial innovation,and the insufficient support of financial innovation for economic growth.The empirical analysis of the relationship between financial innovation and economic growth in the Chongqing Free Trade Zone;To summarize and make recommendations on financial innovation in Chongqing Free Trade Zone.