1. Opening up the financial market means that financial institutions such as insurance and futures all over the world can invest in China and develop in China. On the one hand, this change has caused some pressure on the domestic financial industry, on the other hand, it has also attracted some foreign financial industries to join, which can promote China's economic development.
Secondly, the reason why China opened its financial market for many years after its accession to the WTO is actually very simple. It has been many years since China joined the WTO. We should make use of opportunities and channels to promote our China specialty to the world. At the same time, we should also attract other countries and accept their financial markets and specialties, so as to achieve the concept of common prosperity and coexistence. If China wants to achieve rapid economic development and economic globalization, it must open its tightly controlled financial market to attract more foreign investment.
Three. Advantages and Disadvantages of Financial Market Opening: It is only a matter of time before China's current Belt and Road policy construction and wider financial market opening. Opening China's financial market will not attract wolves into the room, nor will it cause the impact of foreign capital on China's capital. Of course, opening the financial market will also attract foreign investment into China, which is a kind of oppression to our financial market in China. However, we are the masters of this country, and we made the rules in China. China's financial market is not open to any foreign-funded enterprises, and we also have a threshold. Any country that wants to join China's financial market needs to maintain my order, let alone destroy it.
Opening the financial market is to enhance the ability of China's financial industry to resist risks and to build China's financial industry. Constantly expanding ourselves and enhancing the sense of oppression and crisis in the domestic financial industry are conducive to the overall improvement of our country's financial industry. The financial institutions in our country can't only develop at home, but also go global in the future.