Study On The Selection Of The Financial Supervision Mode In China

Since the20th century, financial integrated operation has become the new trend of world financial industry development. The gradual emergence of China’s financial industry mixed operation makes our original sub-sector regulatory approach exhibits many problems in the global wave of financial industry mixed operation.So it is bound to make the appropriate adjustments and reforms to the existing financial regulation mode. On the selection problem of financial regulation mode in our country in the future, According to the specific conditions of our country and different stages of mixed operation development, we will achieve the transition from separated supervision to unified supervision in a gradual basis.This article is divided into four parts.Part one The introductionPart two It expounds the current development situation of financial mixedoperation in our country and the model constraint of separated supervision. It combs the development background of the financial industry in our country at present.Part three It analyzes the impact and challenges resulting from the mixed management in financial industry in our country to the existing supervision pattern. The exposed problems in the five main aspects illustrates the need for timely adjustment and reform to the current financial regulation model in our country.Part four It is the focus of this article that has mainly discussed about how to solve the above problems and the financial regulatory models and measures that should be taken:Firstly, Starting from the theory of financial regulation,it introduces several major regulatory model and their respective advantages and disadvantages, enumerates several foreign representative financial regulatory model which are also analyzed and compared with each other.It illustrates that the perfect and proper financial regulatory model should be changing with the environmental factors of the country. Secondly,it espounds the view of maintaining separate supervision mode at the present stage, strengthening supervision coordination and improving supervision effectiveness, for the present situation in which the mixed management in financial industry in our country have remained at low levels at present and the conditions of unified supervision have not been mature enough. We will reform the existing financial regulatory model step by step and make the transition to unified regulation By the increasing specialization level of the financial regulation.Finally, when the conditions of unified regulatory are ripe, we will learn from the UK regulatory model and simplify and merger our country’s financial regulator. The CBRC, the CSRC and CIRC will be merged to form China’s financial supervision and administration commission(bureau).The three major regulatory departments will become the nternal body of the financial supervision committee by which China’s banking, securities and insurance will be underwent functionality mixed supervision respectively according to the financial business.