The Path Selection Of China Shadow Banking Supervision

The outbreak of the financial crisis proved that the Fed is not based on financial regulators shadow banking system to implement effective macro-prudential regulatory initiatives that eventually led to the root cause of the crisis. After the financial crisis, the reform program of the US government, the laws relating to the British Parliament and the European Council’s blueprint for reform can be seen as the regulation of the shadow banking system provides a new path to choose the direction that continue to strengthen micro-prudential supervision path basis, comprehensively promote operational macro-prudential supervision path. At present, China is not financial instability is dominant, but certainly not to say that there has been no financial instability risks. Since recent years, the emergence of business models and include trust companies, private equity funds, financial leasing companies and networks, including non-financial companies and other traditional commercial banking financial institutions of our financial system has become an important force to be reckoned with, they in the end the impact on traditional commercial banking system much; to run our current financial situation can produce how kind of impact; these so-called "shadow banking" and macroeconomic regulation, there is no causal link between monetary policy and other issues are urgent series financial regulatory authorities need to be resolved.In this paper, the shadow foreign banks generate different backgrounds as a starting point, in-depth analysis of the shadow banking term mismatch, basic liquidity transformation, high leverage and credit risk conversion of endogenous property above classification describes the development of China’s broad shadow banking system the status quo, and a benchmark measure of the size of China’s broad shadow banking data quarterly, and try to build a framework for financial stability index China, and the use of vector autoregression model empirical analysis found that Chinese shadow banking to the real economy has been infiltrated all levels, regulatory authorities require full attention, its reasonable to divert to play for our role in promoting economic development entities shadow banking. In this paper, the latter part of the developed economies to fully draw on the lessons learned in Europe and other regulatory aspects of the shadow banking system, which attempts to explore a path for optimal regulation of the shadow banking development.Finally, from this paper, at this stage we should continue to learn the lessons, before we go thorough financial regulatory system, "the financial services needs of the real economy, and market development coordination, and the ability to match investor risk" for regulatory thinking, based on short-term goals and long-term planning, from a practical point, China’s shadow banking proceed eventually build a true sense of the shadow banking on development needs in line with China’s actual path of the macro-prudential supervision.