The Innovation and Development of China's Financial System

With the accelerative development of world economy and finance, the innovation and development of China's financial system is confronting brand-new exterior circumstances. In order to fit in with the development of exterior circumstances, China's financial industry should strive to advance the system innovation and development,adjusting the innovative thinking; strengthening the functions of microcosmic economic main body in system innovation, conducting correctly the relation of financial regulation and innovation; establishing modern banking system; working out the developing object of system innovation.