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2004•Journal of Fefei UniversityRequires access

Impact of Financial Innovation on China's Financial Development

Huang Xin

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Abstract

Financial innovation plays an important role in the structure of financial market and accelerates the development of globalization,omnpotentization and collectivization of financial institutions.These have made the financial supervision moved from segregated to integrated operation.The financial innovation of China is comparatively behindhand. Whereas the all-round opening of China financial industry would be to thrive the financial innovation and to increase the urgency of many reforms in financial supervision system.

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Financial innovation plays an important role in the structure of financial market and accelerates the development of globalization,omnpotentization and collectivization of financial institutions.These have made the financial supervision moved from segregated to integrated operation.The financial innovation of China is comparatively behindhand. Whereas the all-round opening of China financial industry would be to thrive the financial innovation and to increase the urgency of many reforms in financial supervision system.

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Available abstract

Financial innovation plays an important role in the structure of financial market and accelerates the development of globalization,omnpotentization and collectivization of financial institutions.These have made the financial supervision moved from segregated to integrated operation.The financial innovation of China is comparatively behindhand. Whereas the all-round opening of China financial industry would be to thrive the financial innovation and to increase the urgency of many reforms in financial supervision system.

Key concepts: Geography of finance, China, Financial innovation, Indirect finance, Finance, Business, Financial system, Financial regulation

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