The Research On Problems And Countermeasures In Local Financial Supervision In Chengdu

The development of local finance not only stimulates the vitality of financial market and increases the economic contribution rate,but also causes problems such as illegal operation and financial risks.The CPC attaches great importance to the financial stability,and clearly proposes to improve the financial supervision system,giving local governments relevant regulatory responsibilities and risk handling responsibilities.With the continuous improvement of local financial regulatory laws and regulations,local governments’ financial regulatory responsibilities have been expanded and increased.However,the existing regulatory framework is not fully adapted to the regulatory challenges brought by cross-industry,cross-market and cross-regional financial development.IIt is faced with practical difficulties such as insufficient regulatory capacity,limited risk prevention and control,and inadequate protection of investors’ rights and interests.Against this background,it has important meaning to explore how to strengthen local financial supervision,promote local governments to build a regulatory organization structure that meets regulatory needs and risk prevention needs,promote the protection of investors ’ rights and interests and the development of the real economy,and form a systematic and comprehensive integrated regulatory pattern.Taking Chengdu as the research object,this paper discusses how to solve the problems existing in local financial supervision from the perspective of public management.For this purpose,the paper presents the backdrop and meaning of the research,summarizes the research status of local financial supervision at home and abroad.Based on the research of others,the related concepts and theoretical basis involved in the paper are defined and explained.Then,Then,through field observation,visit research,survey statistics,it truly and objectively reflect the current situation of local financial supervision in Chengdu,in-depth analysis of the problems existing in the supervision,and trace the source to find the cause of the problem.It is found that the current supervision lacks initiative,systematicness and foresight due to the backward transformation of the supervision function.The organizational structure of regulatory coordination has defects in organizational structure and institutional arrangement,which causes regulatory coordination lack of synergy,and arises duplication and absence of supervision and other problems.Regulatory performance is faced with resource constraints,regulatory staff shortage,regulatory capacity is limited.The implementation of regulatory policies lacks the support of supporting systems and the lack of operability of regulatory measures,resulting in ineffective risk prevention and control and inadequate protection of investors’ rights and interests.Finally,in the theory of financial regulation and risk management theory,under the guidance of collaborative public management theory,combined with the latest policy regulation and supervision work reality,this paper puts forward countermeasures and suggestions from four aspects: establishing the goal-oriented concept,optimizing the organizational structure of supervision coordination,strengthening the capacity of supervision,and improving the supporting system of supervision operation.The innovations of this paper include: 1.As a sub-provincial city and a regional financial center,Chengdu is representative of its financial development,financial risk and financial supervision practices among cities at the same level.Taking Chengdu as the research object,the research results are typical,which can provide reference for other regions to improve local financial supervision.2.This paper focus on the level of municipal government financial supervision,and the research content closely follows the changes of policies and situation,which has certain innovation and novelty.3.This paper does not talk too much about the macro-level issues,such as the formulation of laws and regulations and the top-level system design,but focuses on solving the practical problems faced by municipal government financial supervision.The countermeasures and suggestions are operational and more suitable for local governments to improve financial supervision.The disadvantages are as follows: Based on the practical work in Chengdu,the research has guiding significance to it.However,there are differences in financial development,risk situation and regulatory environment,the applicable of the research results may encounter operating limits in different regions.At the same time,as the regulatory situation and regulatory policy change,there will be new problems in supervision.The countermeasures and suggestions put forward in the current research may appear some inadaptability,which should be continuously expanded and deepened.Furthermore,restricted by insufficient theory,part of the content combined with theoretical analysis is not enough,it also needs to be improved.