After the establishment of China（Shanghai）Pilot Free Trade Zone，China has made remarkable achievements in the reform and opening of financial area. This mainly embodied by acceleration of the new financial institutions’ gathering speed，improvement of relevant legal system，steadily opening up of the initial formation of capital account controls，facilitation of cross-border investment and financing exchange，rapidly expand of usage of cross-border RMB，breakthrough of the interest rate market and so on. Which not only plays a positive role for the entity economy development both internal and external of free trade test area，but also do help to the formation of demonstration effect. Compared with the national strategic requirements and the international competitive environment，China still try to improve the financial supervision system，innovation and talent management system，the exploration of open capital project control，adjust the existing legal system at present.