The Pilot Free Trade Zone has become a new platform for China’s opening to the outside world and an accelerator for promoting domestic reform. Over the past few years，the Pilot Free Trade Zone has formed a large number of replicable and replicable experiences in many fields，especially in financial reform and innovation，established a financial system framework and supervision mode of “macro prudence with first-line liberalization and second-line strict management”，and achieved “ice breaking” in the reform of important financial fields and key links. The Pilot Free Trade Zone has made a series of remarkable achievements in the fields of financial and capital account convertibility and related foreign exchange management，exchange rate reform and foreign debt management reform，but there are still some problems，such as the fragmentation of legislation related to financial innovation，the relative lag of financial supervision system，the limited financial innovation that can be copied and promoted，and the low synergy of financial reform system. The direction and focus of the follow-up reform should be to properly handle the three groups of relations，promote financial reform，innovate financial supervision mode，improve comprehensive financial supervision，enrich characteristic financial products and services，and improve the risk management system of the Pilot Free Trade Zone.