Financial Deepening and China's Financial Stability

The paper discusses about the experiences and lessons of financial deepening reform taken by developing counties under the guide line of financial deepening theories.Financial deepening is the objective of financial reform of China,but financial deepening can increase financial danger.The financial deepening in proper order is the most important financial control.To enhance financial supervision and regulation system,to realize the balance between financial structure and regulation at high classes,and to accelerate the reform of property rights of the financial institution,to establish the corporate governance,all these measures can promote financial control power.