In the course of China' s gradually economic reform,the eco nomic growth attributes a lot to the b ank credit,financial system plays and i ncreasingly important role in the national economy,but the state monopolized financial institution arrangement pays a heavy control cost leading to l ow efficiency in distributing bank c redit capital.With China' s entry into WTO and the change taking place in regard to the ownership in economic struc-ture,a financial credit system shou ld be developed and improved further to adapt itself to the growing demand by China' s non -state -owned enterprises for t heir sustainable and high rate of gro wth.