Abstract: in modern market economy condition, the financing as government resources allocation, has unique effective function in promoting economic growth, adjusting and improving the economic structure, strengthening the government's macroeconomic control ability . Reforming and improving the investment and financing system is to implement effective macro regulation and ensure the healthy development of China's economy , investment and financing system market change is relatively lag, which is one of the key obstacles of the development of the Chinese economy . In recent years, we are delighted to see the reform of the investment and financing system of theory and practice is gradually deepening, but the issue involves the economic system, enterprise system, fiscal and financial system, the existing problems such as theoretical achievements of China is evolved from financing system . It has not formed complete theoretical system yet , especially under the condition of market economy,we are lack of financing macro management system and operational mechanism of micro comparative study at home and abroad. This thesis Comparatively Studies different types of market economic countries macro and micro financing management system of the operating mechanism , analyzed thethe different types of financing market economy country management system and operational mechanism, the basic characteristics of induction and summarizes the financing activities under a market economy condition the general rules and inner objective request in America, South Korea, Japan, Germany, France, and so on ,analyzed the problems existing in investment and financing field in our country , and then put forward further financing system reform myths basic ideas and policy Suggestions and provides theoretical basis and lesson for financing reform and construction of China's goal model.