China's Centralized Treasury Payment System Reform And Research

Chinese Treasury Single Account reform started at the end of 1990s and has been gradually and deeply developed. This reform has broken through the traditional management models in terms of both the length and depths, and also we have accumulated a lot of successful experience. At same time we realize that the Treasury Single Account reform is a kind of creative and initiative new area, is a systematic creation, We need to make the system function better through continuous practice. According to different challenges exposed and the developing trend of financial reform, this paper makes efforts to work out some proposals and suggestions regarding how to deepen Chinese Treasury Single Account reform.There are eight chapters, main research method and idea are as following:Chapter One is Introduction, indicating the main idea of the whole paper, research outcome of previous research, concrete structural arrangement, and also the initiation as well as deficiency of the paper.Chapter Two discusses the fundamental theory of Treasury Single Account System, including public finance theory, game theory, etc. it identifies the relevance with the Chinese practice.Chapter Three is about the case study of Chinese treasury management system, analyzing the road change of Chinese treasury management reform, summarizing the success of the reform as well as existing challenges.Chapter Four introduces the foreign countries'situation, priority is comparison of different country practice, specialty and enlightenment to China.Chapter Five explicates the goal of Chinese Single Account System, the fundamental model, main principles to deepen reform and chief thoughts to realize the reform for the medium and long run. At present, to establish its Single Account System, China should not totally follow the western pattern, but need to initiate a reforming road which is in accordance with Chinese situation, it can be divided into two periods, one is short-term, the other is long run. Chapter Six proposes concrete reform road from the perspective of short term reform, mainly includes:strengthen scientific and solid management on relevant procedures, improve the receivable system, continuously improve the Single Account System. Chapter Seven analyzes the main idea and measurements from the perspective of medium and long term, includes:further strengthen treasury law system, build treasury information system, reform government accounting, construct the supervision and controlling system.Chapter Eight specially discusses some problems related the Treasury Account system, includes:how to coincide the treasury account management with accounting system, how to coordinate the treasury reform with financial comprehensive budget reform, how to manage the treasury reform with income distribution reform, and the co-network of the treasury System with the central bank and taxation department.