Financial Innovation and Financial Risk Management

Abstract

Innovation is the foundation and guarantee of the development of things, for financial development, innovation is the internal driving force to promote healthy and sustainable economic development, and it is one of the important characteristics of economic development in the new era. Since the reform and opening up, China has continuously innovated its financial development model, and in a sense, the history of China's modern development is the history of financial innovation and development. The three financial crises in the world in the 21st century have sounded the alarm for China's financial industry, especially since the outbreak of the new crown epidemic, the global economy has continued to be sluggish, how to do a good job in financial innovation while doing a good job in financial risk management, has become an urgent problem for the financial industry.