Research On Local Financial Law And Regulation In China

With the development of all kinds of local financial institutions,the financial supervision requirements of local governments are higher and higher.If not timely and effective supervision,it will destroy the local financial stability and cause financial risks.The current financial supervision mode of "one committee,one bank,two meetings" in China can not be fully covered in the complicated and changeable local financial supervision.Based on this,it is urgent and important to strengthen the research of local government financial supervision.However,the basis of decentralization of local financial supervision power from the central government to the local government lacks the support of high-level laws,and the boundary between the central government and the local government is unclear,which leads to frequent gaps in multi supervision and supervision.At the same time,the allocation of local financial supervision power is not reasonable,the local government is required to bear too much responsibility for risk disposal,but there is no corresponding law enforcement authority,resulting in low efficiency of supervision.In addition,local financial regulators have dual functions of development and supervision.Focusing on the development function will easily lead to regulatory vacancy,and focusing on regulatory function will reduce economic efficiency.At present,China puts financial stability in a more important position.Therefore,it is necessary to define regulatory objectives by law to prevent abuse of regulatory power.From the perspective of the local financial supervision system,the reasonable setting of the supervision institutions is conducive to the clear supervision responsibilities,and the construction of the coordination mechanism is conducive to the formation of the supervision force.Therefore,rationalizing the supervision system is an important part of strengthening the local financial supervision.In this paper,the local financial supervision bureau as a starting point,through the analysis of the current situation of the system and practice of local financial supervision in China,put forward the existing problems of the current local financial supervision,and then putforward suggestions to improve the local financial supervision in China.This thesis is divided into five parts: the first part,query literature,form literature review,elaborate the current domestic and foreign experts and scholars on the research of local government financial supervision,put forward the research ideas of the article,specifically using the research and analysis methods of literature analysis and case analysis.The second part expounds the theory of local financial supervision,including connotation,objectives,power allocation.The third part analyzes the current situation of local financial supervision system from the legal and practical level.The fourth part,put forward the problems of local financial supervision and analysis.The fifth part,from three aspects,puts forward suggestions to improve the local financial supervision,which include ameliorating the local financial supervision laws,helping the local financial supervision objectives,theoretical supervision system,hoping to improve the quality and efficiency of local financial supervision through these suggestions.