Financial innovation is to change the existing financial system and add new financial instruments to obtain the potential profits that the existing financial system and financial instruments can not obtain. It is a motive for profitability and slow progress. And continuous development process.
With the establishment of a new socialist market economy system, financial development will mainly rely on the internal forces of the social economy, financial innovation. The reform of the shareholding system of state-owned commercial banks, the launch of various new types of wealth management, and the establishment of the Shenzhen SMEs sector have all contributed to the improvement of China's financial system to a certain extent.