Research On The Factors Affecting The International Competitiveness Of China’s Financial Service Trade And The Countermeasures

With the restructuring and upgrading of industrial structure around the world,service industry plays an increasingly important role in the national economy,International service trade also get considerable development, in the same time, theproportion of international services trade in International trade becomes more and more.Financial Industry is one of the most important sector in service industry, to developfinancial industry is not only the inherent requirements of maintaining financial industrystability and development and ensuring the security of the national financial security, butalso pushed by the external circumstances. The developing level of China’s financialservices industry lags far behind the level of developed countries, mainly in terms of thelimitation of Variety in financial instruments, strong homogeneity of similar financial inservices industry, uneven development of financial organizations and so on.When Chinajoined the WTO, China made a commitment of opening up of China’s service trade in“Services Agreement in Service trade” which promoted the development of China’sfinancial services trade to a certain extent, with the end of the protection period, the pushof wave of financial liberalization in the world, China’s financial industry face thechallenge of competition against the domestic and oversea financial industry, The keyis on the basis of analysis the reality of China’s financial services trade to identify thefactors that affect its competitiveness and to offer constructive ideas of enhancing itsinternational competitive level.This article has six part in all. The first part is Introduction Which combed theresearch literature of domestic and foreign scholars on the subject from three differentaspects; the second part use the theory of comparative advantage, national competitiveadvantage theory and based on IMD-WEF index competition advantage theory todescribe the theoretical basis of the international competitiveness of financial servicestrade；the third part analyze the current situation and existing problems of China’sfinancial services trade; The forth part explain the key factors which affect China’sfinancial services trade on the base of Porter’s competitive advantage theory such as：theopening of financial market, financial innovation and financial systems, industrial clusters, factors of production, demand conditions, the strategic structure and competitionof enterprise, the guide of government. The fifth part use trade Competitiveness Index,revealed comparative advantage index, market share index to quantization thecompetitiveness of China’s financial service trade, through horizontal and verticalcontrast, positioning the comparative advantage of China’s financial services trade;finally according the factors which affect the competitiveness of China’s Financialservice trade，from the point of macro to micro to offer proposal of enhancing thecompetitiveness of China’s financial services trade.