A Study on the Measurement of China's Financial Development Level

Abstract

Based on the theory of financial development and the current situation of China's financial development, building a new index system based on the existing, then this paper uses the method of entropy weight to measure and analyze the level of China’s financial development from 2007 to 2017. The results show that the overall level of financial development in China is gradually rising, with a slow development in 2008 and a rapid development after 2014. The securities and insurance markets need to be further developed and the financing structure needs to be changed.