A shocked the world of the U.S. subprime mortgage crisis fiercer, at present the dust. With the domestic and foreign financial markets, LianDongXing constantly enhance the connotation of the us subprime mortgage crisis in China, to maintain the healthy and sustainable development of economic significance.
The paper first discusses the U.S. subprime mortgage crisis and the background, the transmission mechanism is the root cause of the outbreak of the global financial system. Then according to the subprime mortgage crisis of economic and financial system, combining the impact of China's financial system, financial status of the referencing system reforms, improve the financial system in five aspects: first, the integration of macroscopic countermeasures of financial controls, Second, guide financial institutions to the correct choice of financial innovation, Third, the financial supervision system, Fourth, the establishment of the stability of financial market system, Fifth, financial environment, creating safe for the fragile financial system, add up brick part actively respond to the us subprime mortgage crisis.
Keywords: the U.S. subprime mortgage crisis, financial system, economic development