A Comparative Study Of Chinaand US Financial Regulatory Reform After The Sub-prime Crisis

The US subprime mortgage crisis erupted in 2007, plunging the world's economy into recession. After the economic crisis, governments such as the United States, the United Kingdom began to reflect on the causes of the economic crisis and increase the intensity of the financial government supervision.Subprime mortgage crisis is due to the collapse of the US real estate bubble and the inadequate government regulation.The subprime mortgage crisis has a large destructive impact on economic.US subprime mortgage institutions have declared bankruptcy, investment funds were forced to close, triggering a sharp shock in the stock market.The real estate bubble is also exists in China. Although the sub-prime crisis has a low impact on China because of the imperfection of capital markets, but with the rapid development of global financial market scale,the innovation of financial products is emerging, the supervision of financial systemic risk is becoming more and more difficult.This paper introduces the concept of financial supervision,summarizes the research status of domestic and international financial supervision, analyzes the causes of subprime mortgage crisis, and expounds the financial supervision Reform measures. At the same time,the historical analysis describes the development process of China's financial supervision system, the horizontal analysis method is used to analyze the similarities and differences between China and the United States in financial business development, expect to learn from the advanced experience of American financial regulatory reform, to deal with the risk of the financial system in China, establish and perfect the supervision system, increase the intensity of supervision the financial derivative instruments, establish the financial system of macro-prudential regulatory framework to deal with the increasingly financial systematic risks.