On Difference Of Financial Supervision In China

China is a country with a vast territory, whose geographic conditions, endowment of resource, history and culture, etc are always different. Especially influenced by policies in our country, the economic growth rate, and the economic development level show a significant regional difference. Finance is subordinated to and serves economy, while economy affects finance. Under the circumstances of the serious unbalanced economic development, regional financial difference is pretty obvious. In order to further narrow the economic gap, develop regional finance, the country allows early and pilot implementation in local areas to seek development by innovation. However, financial innovation is a double-edged sword. It creates profits for financial institution, revitalizes transactions in the financial market, and promotes the financial development. At the same time, it cannot avoid the risks brought by its own. Financial innovation and financial supervision was a dynamic game process. With the development of financial innovation, financial supervision must make some corresponding adjustments or changes. Therefore, in the present climate that our financial innovation becomes more localized, regional, and different, the current financial supervision should also make some flexible and relevant reforms.The paper firstly makes a realistic study for our financial supervision and financial innovation, and then discovers that our regional financial innovation has different characteristics in the innovative subjects, innovation ability, innovation level, etc. While our financial supervision has already gained a significant development, it still cannot meet the new demands of local financial innovation for supervision. Secondly, the theory proves that the relationship between financial innovation and financial supervision was dynamic game, that is to say, they will continually push forward, going round and round from one balance to another under the spiraling cycle of "supervision—innovation—resupervision—reinnovation". At last, on the basis of combination of solid theory and realistic evidence, the paper brings forward the solutions that coping with different financial innovation by different financial strategies to meet our supervision demand, greatly promote the regional finance, therefore to realize the win-win target of full creation and effective supervision. Therefore, it has an extremely important realistic significance and referential value to study the different financial supervision.