With the expansion of the scale of China’s merchandise trade，demand in financial services trade was higher. However，despite the scale of the Chinese financial service trade became larger，the trade deficit was expanded each year，which highlighted the competitiveness of China’s financial services sector needs to be improved. International comparison shows that there were not only large gap between competitiveness of China’s financial and the major developed countries，but also there is a big gap between China and other member in BRICS. This paper argues that problems hindering China’s competitiveness were：low capacity of the corporate governance and low efficiency of business operations；uncoordinated financial operation mechanism，loopholes in the financial regulatory system，low capacity of foreign financial sector. This paper suggested：reducing barriers to entry，reducing administrative intervention to improve the operating efficiency of the financial sector；improve the financial system construction，straighten the financial operation mechanism;strengthen supervision and coordination，enhance the transparency of the financial sector;strengthen international coordination，encourage the financial sector to accelerate the pace of internationalization.