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The economic globalization is the main trend of Chinas economic development in recent years. Under such circumstances, it has brought opportunities for the development of all industries in China and posed great challenges to their management, especially to China’s financial and insurance industry which is required to make timely and effective reforms in the new era. This thesis makes analysis on the impact of economic globalization on China’s finance and insurance industry and its solutions with the aim to contribute to the development of China’s finance and insurance industry.