Macro-prudential Regulation: China's Theory Of Practice And Efficiency Test

With the development of financial innovation and economic globalization,the connection between the financial market is gradually strengthen,financial risks in the financial system is also become very complex.In a word,just focus on a single financial institution is not enough to sustain the whole financial system stable,Macro-prudential put the perspective from micro regulation to macro regulation.macro-prudential regulation arise at this historic moment.Especially,after the international financial crisis in 2008,governments around the world pay close attention to the macro-prudential regulation.In this article,we will choose a special empirical method,which to use the capital adequacy ratio,the ratio of non-performing assets,bank credit to GDP ratio,GDP growth rate,spreads,depth of credit information index,credit information system coverage of legal rights index of eight indicators to build Financial Regulatory Comprehensive Index.The index can test the effectiveness of financial supervision in our country,the empirical results show that effectiveness of financial supervision of our country was increasing in recent years,which is an affirmation of our government,but in the horizontal comparison with the developed countries,there are still large room for improvement.At last,after taking example of other developed countries,we can come up with a series of rationalization suggestions for future development of macro-prudential regulation for our country.