Study On China's Financial Transfer Payment System

China's financial transfer payment system is an important part of the fiscal system; it has played a major role in dealing with intergovernmental financial relations, balancing level of local public services. However, at present China's fiscal transfer payment system still has many problems; there is a gap from the countries with the international developed market economies. In 2009, the central government work report points, we must continue to deepen fiscal and tax reform, "Fiscal reform will focus on strengthening the public finance system, and improving the transfer payment system." This illustrates the necessity and urgency of improving China's fiscal transfer payment system in the current stage. This paper starts from the point of improving China's financial transfer payment system, combined with the author's many years of work experience in financial audit, begins with the background of establishing financial transfer payment system in China, investigated and analyzed the status quo of development and change of China's 15 years'financial transfer payment system from 1995 to 2009 since tax-sharing reform. On the basis of affirming great achievements since the establishment of the fiscal transfer payment system in China has scored, reveals problems of China's fiscal transfer payment system at present, and fully learns the advanced experience of the transfer payment system from the foreign country with a unitary system, which put forward the proposals of specification of China's financial transfer payment system.This paper is divided into five parts, they are: the establishing background, status quo, analysis and evaluation, foreign borrowing, and reform of China's financial transfer payment system to. The salient features of full paper are: First, establishing background in connection with the system. Full-paper closely with China's fiscal transfer payment system to establish the background, to start from the background of the system, in dealing with every aspect of the problem with the institutional background, it reflects the problems more objectively and comprehensively. Second, focus on data analysis. With the data, analyzed the total transfer payments and structural changes and development trend of the implementation of the financial transfer payment system 15 years, provided reliable data in order to reveal the current transfer payment system problems and to propose reforms. Third, learn from foreign experience with actual national conditions. In this paper, considering the actual situation, China is a unitary state, in particular, drew the experience of the implementation of the transfer payment system from Japan, Britain and France with the same political organization, providing a practical reference for China's transfer payment system's reforms.Innovations of this paper: As the author has been in government audits for many years, and therefore, when writing this paper, drawing the usual wording style of the audit report, namely, "to speak with the facts," while elaborating on the issue, demonstrating points of view, not only relies on theoretical analysis, but also pays more attention to the problems found in the actual research , to prove the point of view with fresh examples, the views expressed increased convincing degree, so that theoretical and practical nature of the articles combined effectively.