[Abstract]

Financial Reform and Legal Safeguard of China (Shanghai) Pilot Free Trade Zone

Li Qingwei

China  (Shanghai)  Pilot  Free  Trade  Zone  marks  a  major  milestone  in  the
nation's  commitment  to  forge  ahead  with  domestic  reforms  and  wider
opening  to  world  markets  and  also  play  a  role  in  developing  Chinese
markets. In the process of developing Chinese markets, the financial market
is  directly  related  to  the  success  or  failure  of  the  process  and  in  this
process,  the  financial  sector  has  been  considered  the  most  conservative
areas.  Therefore,  Prudent  financial  policies  become  the  dominant  of
reforming  financial  system  in  recent  years.  This  paper  will  analyze  the
background of establishing China (Shanghai) Pilot Free Trade Zone，and on
this  basis,  putting  forward  four  areas  including  the  internationalization  of
the RMB, the marketization of interest rate and exchange rate marketization
and  capital  account  convertibility,  which  involved  in  financial  reform  of
China (Shanghai) Pilot Free Trade Zone, and then proposed that the rule of
law  a  fundamental  guarantee  of  China  (Shanghai)  Pilot  Free  Trade  Zone  as
well  as  a  guarantee  of  convergence  between  Chinese  and  international
market.