Research On The Legal System Of Finance Supervision In The Trends Of Integrated Operation In China

At present,the financial institutions in China have to be supervised by PBC, CBRC,CIRC,and CSRC respectively,and such a divided supervision pattern was corresponded with the modes of divided operation in the finance industry in the past. Nowadays,integrated operation has become one of the important trends in the financial industry actually,which is a big challenge for the divided supervision pattern.In addition,there are some severe limitations in the supervision pattern currently in effect, which leads to this pattern go against the tide of global finance supervision pattern development.First,based on the theory including New Institutional Economics,Law Economics, and so on,this paper studies the evolutions of finance supervision pattern in USA and UK.Combining with the reality of financial integrated operation in China,this paper analyses how the legal system of finance supervision reform and adjust to changes.Secondly,this paper concludes,different from divided supervision,centralized functional finance supervision will be the best choice in the trends of integrated operation.To achieve this goal,mainly compare to the supervising and managing pattern of USA,establishing SEC to take an always supervising and managing administration main body,gets down supposes PBC,CBRC,CIRC and CSRC to supervise domain respectively.Finally,this paper studies intensively the legal issues when centralized functional finance supervision would come to being.