Research On Financial Innovation In Shanghai Free Trade Zone

The establishment of the Shanghai Free Trade Zone in September 2013 is an important attempt in the process of exploring a new round of reform and opening up in the country,and is also an important way of linking the “One Belt and One Road”strategy.The Shanghai Free Trade Zone is China's first free trade area.It is of great significance.For Shanghai,the construction of the Shanghai Free Trade Zone will help realize the construction goals of the “four centers” in Shanghai.For the whole country,the establishment of the Shanghai Free Trade Zone is undoubtedly the construction of other free trade areas.Provides demonstrations.Therefore,studying the process and steps of financial innovation in the Shanghai Free Trade Zone has important model significance for exploring the future development of the Shanghai Free Trade Zone and the construction of other free trade areas.This paper studies the process of financial reform in the Shanghai Free Trade Zone by studying innovative steps in the interest rate liberalization of the Shanghai Free Trade Zone financial innovation,and then compares the degree of openness in the free trade zones or free trade ports established earlier in foreign countries.The possibility and route of improving the Shanghai Free Trade Zone are discussed.At the same time,the differences in the degree of financial innovation before and after the construction of the Shanghai Free Trade Zone are used to illustrate that the establishment of the Shanghai Free Trade Zone has indeed made Shanghai's financial innovation more active.Then the relationship between the Shanghai Free Trade Zone Financial Innovation Index and Shanghai's GDP shows that the establishment of the Shanghai Free Trade Zone does have a positive effect on Shanghai's economic development.Finally,summarize the experience and provide suggestions.