China Finance Supervision Mechanism Problem Research

Financial supervision mechanism is an important part and element of financial operating mechanism. The construction of financial supervision mechanism is a working mechanism of realizing the dynamic monitoring the whole process of financial funds. And in the process of financial operation, financial supervision, as a necessary part and an important component of financial management, is considered into the system design and arrangement.According to the basic principle of integrating theory into practice, absorbing and drawing lessons from some existing research results, using the method of combining empirical analysis with normative analysis, taking the problems of Chinese financial supervision mechanism and their causes and how to reform it as the main line, this paper proposes general ideas and specific measures to improve our country’s financial supervision mechanism.At the beginning, this thesis proposes the theoretical basis of financial supervision mechanism and analyzes the core theory of financial supervision mechanisms in the public financial system, which provides necessary theoretical basis for the further researches and discussions of the financial supervision mechanism. Meanwhile it shifts from the supervision of thinking highly of income, thinking lightly of expenditure to the supervision of taking both revenue and expenditure as the same, from external supervision into the internal and external supervision, and begins the trend of innovating financial supervision mechanism from traditional to modern.This paper maintains that the main problems of the current financial supervision mechanism are as follows:First, the legal system of financial supervision is not perfect and the force of supervision mechanism is limited; Second, the arrangement of financial supervision organization is unscientific and its supervision functions can not be performed effectively; Third, there are no sound incentive constraints for financial supervision and no lasting continuing supervision validity; Fourth, there is great difficulty to continue the work of financial supervision, and it is hard to reach the key point.Based on the above problems in Chinese financial supervision mechanism, this paper proposes basic ideas to build effective financial supervision mechanism of our country and puts forward countermeasures to improve the financial department’s supervision mechanism which aims to budget department, to strengthen the internal control of financial supervision mechanisms from financial departments, to improve the transparency conditions of Chinese financial supervision mechanism.In order to improve the relationship between the financial supervision mechanism and the supervision financial mechanism, we must strengthen the external conditions of operating financial supervision mechanisms of our country and we must correctly deal with the relationship between the financial supervision mechanism and financial controlling, the relationship between financial supervision mechanism and auditing supervision and the relationship between financial supervision mechanisms and the supervision by the NPC.