A Study on the Evolution Processes of International Competitions and the Development of Financial Market in China

In this paper, the author demonstrates the evolution processes of international competitions and the characteristics of every competition process, mainly analyzing the third competition process in which the competition of financial market is given priority. On the basis of that the author points out that the new finance which takes capital market as its core is stepping on the historical stage, becoming the kernel power of resource allocation in global market economy. It is also pointed out that we must catch hold of the historical opportunity, greatly develop financial market, play the foundational role of financial market in the development of market economy, and at the same time consummate financial risk supervising system and efficiently control the financial risk.