WTO框架下中国金融市场开放的最优安排

Optimum Arrangement for China's Financial Market Opening-up under the Framework of WTO

加入WTO标志着中国的金融改革要向自由化方向迈进。本文从金融自由化与金融全球化的推进逻辑出发,分析了当中国引入WTO变量后,如何通过修正金融改革路径实现金融市场开放的最优选择。其中引言部分综述了金融自由化理论的发展及中国面临的挑战;第二部分提出引入WTO变量后中国金融改革路径的修正;第三部分实证性地研究了中国推进金融市场开放的最优顺序安排;最后是结论及进一步改革建议。

China's accession to WTO symbolizes that her financial reform will be marching on in the direction of liberalization. Starting from the perspective of the financial liberalization and globalization, this paper, which is composed of three parts, expounds on how to, through financial reform, achieve the optimum choice of China's financial market opening-up with the introduction of WTO variables. The first part gives a brief account of the development of the theory on financial liberalization and challenges China is facing. The second part puts forward amendments to china's financial reform program with the introduction of WTO variables. The third part studies positively the optimum sequence arrangement of China's pushing forward her financial market opening-up. And, lastly, the conclusion and suggestions for further reform.