On The Financial Supervision In The Field Of Financial Regulation

Accompany with development of market economy, finance gets a more and more significant role for the real economy. As we could learn from the crisis swept over the world, once the financial industry got a big shock, not only restricted the development of real economy, but also caused states take out fiscal fund to assist it. So it's highly necessary to take an objective and effective supervision over it.However, China has too many supervisors in financial supervision, such as MoF, PBOC, CSRC, CBRC, CIRC, NAO and so on. Illegibility of supervision board and regulation separated caused both supervision-absence and supervision-overlap. Besides, original supervision modes are not more fit after fast financial innovation.As a vital function of state's public finance, fiscal supervision has a natural essential and a special advantage to take the burden of financial supervision. On one side, with no exception from international and domestic experience, big finance crisis at last had transferred to fiscal burden; on the other hand, if studying from the restriction history and corporate governance, it's easy to find all Chinese primary financial institutes were found by MoF, which still the biggest shareholder of them. Both roles determine to take financial supervision is rights and duties for public finance.Thus, under the standard which taking risk warning as the key criterion, building a joint supervision system with fiscal supervision as the core, taking dynamic and whole-course-surrounding supervision manners, to eliminate the crisis in seed, prevent finance crisis translate to fiscal loses and stimulate the industry health progress.