In China’s 30 years’ financial reform，there are not only remarkable achievements but also twists and controversies. On the whole，the reform has enabled China’s financial sector to complete its transformation from planned economy system to market economy system. And financial industry has become the core industry of the national economy，greatly supporting the reform of other sectors of national economy and meeting the requirements towards financial services in the high-speed economic development. This chapter，through the analysis of the route of reform and development，on one hand reviews the past experience and on the other hand examines the problems and puts forward a series of proposals in the context of market pattern with overall opening-up for financial reform and development in the next stage.