Under China's current de-leveraging, strengthening of financial supervision and the market’s increased doubts on the financial policy, Chinese Central Bank Governor Zhou Xiaochuan clearly pointed out that the financial industry should adhere to reforming and opening up, strengthening competition and improving efficiency. The opening up of the financial industry can help to introduce market mechanisms to control financial risks. If China one-sidedly emphasizes on the protection of the financial industry, this could cause financial risks. Major financial officials have released clear sign that the financial industry cannot remain conservative, and there is the need to reform and open-up. This year is the year of the 19th National Congress of the Communist Party of China, there is the need for China to prepare for its future economic and financial development.