What is the current situation of financial innovation in China?

With the continuous development of China's socialist market economy, China's financial industry has also developed very rapidly. In this environment, major financial institutions are facing enormous challenges. In order to meet the challenge, we need to strengthen financial innovation. Financial innovation is the innovation of financial products, systems and tools in the development of real economy, which can effectively improve the efficiency of the whole financial market. Based on this, this paper focuses on the current situation of financial innovation in China. At present, the financial industry has become one of the important areas of the rapid development of China's national economy. Financial innovation can bring more investment and financing channels to the financial market, make the capital structure of the whole market bigger, break the pattern of traditional finance in China, and further develop mixed operation and economic internationalization. However, in the process of China's financial innovation, the development of China's financial innovation needs to be improved because of the imperfect relevant laws and regulations and the immature supervision mechanism.

At present, the status quo of China's financial development is as follows: First, the financial business is diversified. China's current financial business involves many fields. Compared with the relatively simple banking business in the past, today's financial industry can meet the financial needs of more people. And in the process of its development, the various industries involved have also made further development. It can be said that diversified business development can become the direction of financial innovation in China, meet the growing financial needs of the people, and then effectively promote the development of financial innovation in China. Second, the informatization level of financial innovation is getting higher and higher. In the process of the continuous development of our society, technology and the Internet are also developing. In this case, information technology and microelectronics technology are gradually applied to financial innovation to protect its development. With the continuous improvement of various technologies. The forms of financial information innovation in China are gradually diversified, the overall quality of financial innovation is effectively improved, and the speed is gradually accelerated. Third, China's financial supervision system is gradually improving. The development of financial industry is inseparable from financial supervision, so the financial supervision system has gradually changed with the continuous development of finance, from the initial one-size-fits-all supervision model to the current innovative financial supervision system. The innovation and perfection of the supervision system also provides a good external development condition for the innovation of China's financial industry. It also provides a strong guarantee for the financial industry. In addition, the innovation of financial supervision system is also to conform to the development of the current era and match the development of the market, so as to play its due role.

Problems in China's Financial Innovation

(1) Financial innovation lacks initiative.

Although China's current financial industry is constantly innovating, in fact, most enterprises and institutions have not actively carried out various financial innovation activities at present, and there is a certain phenomenon of following the trend in innovation, not starting from their own situation and not giving full play to their existing advantages. Just follow the crowd to formulate some innovative strategies, and even some enterprises copy them when formulating strategies, which is not unique.

(2) Lack of financial innovation talents

Talents play a very important role in the current enterprise development. So is the development of financial innovation. The development of financial innovation is inseparable from specialized talents. To carry out financial innovation, we need to reserve financial talents with profound professional knowledge and technical theory, integrating system engineering, secretarial analysis and computer application, so as to carry out financial innovation normally. Although China is constantly increasing the training of financial talents, the speed still cannot keep up with the development speed of the market, which hinders the further development of financial innovation.

(3) the financial market order is not standardized

At present, China's finance is in a high-speed development stage, the number of financial institutions is increasing, and the quality of each institution is also different. In this case, many lawless elements will take advantage of the loopholes in market supervision to gain benefits, which will make the atmosphere of the whole industry extremely poor. This behavior has greatly destroyed the order of the whole financial market, further increased the market risk and brought greater difficulty to financial supervision. The harsh external environment naturally hinders the development of financial innovation. This paper analyzes this research, points out its existing problems and looks forward to its future development trend, hoping to lay a good foundation for similar research in the future.