Advances in International Finance

Since the reform and opening up, the economic and financial globalization and the promotion of further financial opening are in line with my countrys entry into a new era. As the core of modern economy, finance plays a particularly significant role in the optimal allocation of production factors. Against the background of economic globalization and the global allocation of production factors, it is inevitable to further accelerate financial opening up and integrate into financial globalization. so what is the coordination between my countrys financial opening and domestic development, what is the relationship between financial opening and economic growth, what is the level of my countrys financial opening, and what impact and challenges does financial opening have on my countrys banking industry and financial supervision? In response to the above problems, this paper is based on the impact of financial opening and economic growth on finance, with financial opening and financial development, and the free flow of international capital as the main direction. The final analysis concludes that my countrys financial opening and economic growth affect each other, but financial opening has an impact on each other. The impact of economic growth is obviously greater than the impact of economic growth on financial opening. my country urgently needs to establish a new financial supervision system.

Financial Openness, Financial Risk, Economic Growth, Degree Of Competition