Domestic Technical Content Of China's Financial Services Trade And International Competitiveness Evaluation

Finance is the core of the whole national economy. Financial services play an important role in development of national economy. Since the 21st century, financial services of our country develop rapidly. Now, our country has formed a relative perfect financial service system, which take banking, securities, insurance industries and trust business as main body and other financial services for complement. With the deepening of the financial globalization degree, especially regulations on the administration of foreign-funded Banks entered into force in 2006, financial service industry of our country open to the outside world. When we enjoy advanced technology providing by financial institutions, our country's financial service industry is facing a great challenge.This paper analyses the trend of our country's financial service quality and international competitiveness from 2000 to 2008 by building the domestic technical content, trade competitiveness index and other related indexes, and compared with other developed countries, which reflects China's financial services trade in the international market development level. We found that domestic technical content and international competitiveness of China's financial services trade obtained a certain degree development, but still backward in advanced countries. In order to improve the quality of our country's financial service trade and enhance international competitiveness of China's financial services trade, this paper give advices in financial supervision, technical innovation, talent cultivation and development of offshore financial service outsourcing market by learning from other countries'success experience.