The process of internationalization of China's banking industry began in 1917. After ahundred years of development, China's banking internationalization has made great achievements. However, there is still a big gap between China's banking industryandthe financial institutions in some developed countries in the fieldof internationalization. In the process of internationalization, China's banking industryare now still facing the dilemma of backward development concept, lack of effectiverisk control system and international talents. This thesis mainly introduces the history, present situation and difficulties of the internationalization of China's bankingindustry. The first part gives a description to the history of the internationalizationof China's banking industry, which starts in the year of 1917. An analysis of the current situation of China's banking industry' internationalization is given in the secondpart of this article. And the third part summarizes the difficulties that are faced by China's banking industry.

Keywords: Banking Industry of China, Internationalization, Dilemma

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The Current Situation and Dilemma of Globalization of China’s Banking Industry