Research Of Development And Reform Of China's Regulatory System

Finance has become the core of the modern economy,the function of which has switched from the passive adaptation to the active key allocation of the resource and the impetus of the innovation. In the new 21st century, the trend of financial globalization and liberalization gradually grows, meanwhile,the process of liberalization gradually turned out some problems.What we focus on is the subprime mortgage crisis erupted in the U.S. allows us to notice the the importance of financial supervision in the financial operations.If the authorities do not regulate the financial firms effectively, the problem of financial security will be exploded gradually, which will lead to the comprehensive financial crisis.First,the article discusses the necessity and importance of financial supervision,proposes financial regulation in modern society is indispensable,and its role in the financial operation is irreplaceable.Then,it analyses the financial regulation system,and presents a financial supervision and financial innovation are not irreconcilabel,they are identical in nature,and they can develop together.Then, it discusses the pros and cons of separate supervision and mixed supervision,points out that China should take the road of mixed supervision eventual ly.Next, is argues the improvement of financial supervision in China's legal system,and finally points out how to improve our country's financial supervision system,and hopes that China's financial regulatory can develop better and better.