Fourth, innovations keep crossing boundaries of the markets themselves, e.g. money market funds and securitization of credit assets by banks. Compared with developed economies, however, the Chinese financial market is still lacking in product varieties and is not sophisticated enough. Financial deepening is still inadequate and there still exists the depression of innovation in quite a few aspects. III.
With the steady development of the economy and the deepening of the opening up, the Chinese financial market calls for further development and relevant departments shall thus adapt to the situation and transform their conception. Meanwhile, financial products will inevitably change accordingly.