Development trend of financial industry
Multinational financial institutions. Not only developed countries have set up a large number of multinational banks in the world financial centers, but developing countries have also set up many offshore financial centers and financial institutions abroad. Internationalization of financial asset management. The establishment of European money market, European bond market and global stock market enables people to operate the monetary and financial assets of any country in the world in the offshore market.
Currency internationalization. The function of gold as a world currency has deteriorated, and people can transfer the purchasing power of money between countries through international exchange. Not only the US dollar, Deutsche Mark, British pound and Japanese yen can be used as international settlement currencies, but also the currencies of a large number of moderately developed countries and even developing countries have gradually become freely convertible currencies and developed into world currencies.