Research On The Power And Accountability Of Local Financial Regulation In Y City Of Shandong

Financial system in China has encountered a trend of localization.In 2004,local government was authorized with the right to supervise RCC(rural credit cooperative).Since then,local government has obtained more and more r:ights to supervise the local finance,for example,the right to dispose local financial risks and the right to supervise financial guarantee institutions."The 12th Five-year Plan" first declared that local government shall undertake the accountability to dispose risks suffered by small and medium-sized financial institutions.In 2017,on the 5th National Financial Conference,the financial regulation scope of local government was clearly defined for the first time.On the meeting,local government was authorized with the financial regulation right for 7 different kinds of financial institutions and 4 kinds of financial sites,which was named as "7+4".Though in China,local government has become more and more powerful in supervising local finance,accountability of supervising local finance was not clearly defined because "host law" is in short at the time when local financial regulation right is being defined continuously.Therefore,it is necessary to issue the host law so that local financial regulation can have all the responsibilities clearly defined.In this thesis,local financial regulation in Y City Shandong Province was taken as an example.Under the theories "Ragulatory Theory",this thesis analyzes and discusses the current accountability system used for local financial regulation in Y City,the current situation of accountability and reasons of why responsibilities are not clearly defined by using methods like literature survey,method of comparative analysis and case analysis method.After the analysis,countermeasures on how to figure out and clearly define the accountability of local financial regulation was put forwardIn Part ? "Introduction",it mainly introduces the research background and meaning,the current research situation,the research thoughts and research methods etc.In Part.II "Concept and Theory Basis",concepts related to local financial regulation,local financial regulation rights,responsibilities and accountability consistence,ambiguity of accountability,accountability ambiguity of local financial regulation is clearly defined;meanwhile,Part ? introduces the theoretical foundation used in this thesis;in Part ? "Current Situation of Responsibilities of Local Financial Regulation in Y City",it introduces the history of local regulation right,functional positioning of local financial regulation bureau in Y City,measures and achievements in defining responsibilities of local financial regulation in Y City;in Part IV,by taking into account of current situation of local financial regulation in Y City,it analyzes the reality of accountability ambiguity of local financial regulation in Y City,as well as the reasons of the ambiguity;in Part V,countermeasures on how to figure out the responsibilities of local financial regulation in Y City are put forward.