Research On Financial Innovation And Openness Of Shanghai Free Trade Zone

From the world economic development, the economic globalization and regional economic integration are the main melody and objective reality of the times, and it has a positive role in promoting social progress. In this context, the mainland of China established the first free trade zone of China (Shanghai) free trade area, referred to Shanghai free trade zone. It will take the lead in practice in the international rules, government management, legal norms and operation mode, thus providing a new "institutional test basin" for deepening reform in China. In this sense, the Shanghai free trade zone is a pilot reform and innovation across the country. The free trade zone, Shanghai financial innovation and opening to the outside world, mainly is to explore in the field of finance, Shanghai free trade zone has what breakthrough, in order to explore the mature path a in the range of universality and the system of financial reform, promote the development of the financial industry. The innovation of this paper, is the use of a variety of analysis methods, starting from the general theory of financial innovation and opening to the outside world, draw lessons from international financial center of the financial innovation and the opening of the results of the theory and practice. Taking this as the foundation and combining the actual situation of the construction of the Shanghai free trade area analysis from trade area of financial innovation and open position, direction, content and effect,the formation of their own thinking and puts forward some opinions and suggestions.Firstly, the financial innovation and financial openness theory and free trade area related concepts were reviewed, from the theory of financial innovation and opening and free trade zone were discussed. Secondly on the free trade zone, Shanghai financial innovation and opening status analysis, the establishment of free trade zone in the background, the present situation and progress in, expounds the positioning of the free trade area of the financial innovation and open, the content and the significance. Then it analyzes the comprehensive effect of financial innovation and opening in Shanghai Free Trade Zone, including financial innovation and opening, the competitiveness of financial innovation and the impact of the economic growth of Shanghai, etc.. And then sum up the inspiration of Hong Kong and Singapore International Financial Center of Shanghai free trade area of the financial innovation and open, draw the final conclusions of the study, and free trade zone in Shanghai financial innovation and open formed their own thinking and policy recommendations.