Objective/Meaning  By grasping the characteristics of the competitiveness of financial service trade between China and Australia, and comparing and analyzing their international competitiveness, the development of the international competitiveness of financial service industries in China would be promoted based on the national conditions of China and by learning from the development experience of Australia.

  Methods/Procedures  By using the relevant data of China-Australia financial service trade from 2005 to 2019, the international competitiveness of China-Australia financial service trade was compared and analyzed through MS indexes, TC indexes and RCA indexes.

  Results/Conclusions  The financial service trade in China started late, and there were still some deficiencies in the cultivation and introduction of financial professionals, the innovation incubation of products, the construction of financial related support industries and the market supervision system. China should improve the financial human capital, vigorously carry out the innovation of financial products, improve the construction of financial related industries, improve the legal system of financial supervision and continue to improve the level of financial opening up, thus to enhance the international competitiveness of financial service trade in China.