Comparative Research On Financial Supervision Legal System Between China And Russia

Financial globalization is an important part and the latest feature of economic globalization. Finance is the core of the economy in a modern society. During the period of financial globalization, research of the financial supervision legislation is essential to the healthy development of the financial industry. In this paper, we are taking the comparative analysis method to analyze the financial supervision system of China and Russia.In the overview section, point out the general situation of Chinese and Russia financial supervision legal system. Since 2013 Russia started the unified supervision regime while China is still using the separated supervisory system. Specifically, introduces the financial regulation mode, financial regulation goal and the main content of the two countries. They established a distinctive legal system of financial supervision.The second part is the comparative analysis of four parts in both Russian and Chinese, that is, financial supervision, market access regulation, constant regulation and market exit supervision. On financial supervision, mainly introduces the regulatory system and bank regulator of China and Russia. On market access regulation, analyze and compare their financial supervision legislation of issued banking licenses, capital requirements and management requirements. On constant regulation supervision, compare the differences of the capital adequacy ratio, credit risk and liquidity regulation. On market withdrawal regulation, mainly discuss the provisions of Russia financial supervision and indicate the problems of regulatory legislation of our country.Finally, based on the comparison of Chinese and Russian regulatory regime, regulatory legislation and regulatory content, we pursue the experiences and advices to make our financial supervision legal system perfect. First, reform our financial regulatory system. On one hand, implement financial mixed operation gradually; on the other hand, establish a unified regulatory body. Second, improve the financial supervision legislation of our country. We need to strengthen the supervision of market access and constant regulation, improve the legislation of market withdrawal regulation.