On The Financial Regulatory System Innovation And Improvement

On the ground of financial globalization, our country's financial reformationhave to choose the way of finance liberalization. Learning from other States'financial liberalization, we got the knowledge of that there must be an effectivesystem of financial supervision which can consistent with the reformation andmaintain financial safety at lower cost. In China, the system of financialsupervision is built on the base of safety supervision priority. This kind ofsupervision system can not maintain the safety of financial market effectively, andneglect the nature of freedom which is belong to finance market, and fall awayfrom financial liberalization. So, how to build the system that can make sure thereformation of financial liberalization will be success that is a very important taskin our States. By reviewing the present system which based on safety supervisionpriority, This paper, from the beginning of argumentation of competitionsupervision, tries to make a systemic demonstration about the rationality of thecompetitive supervision. And this paper promote some advice obout innovate andperfect our supervision system.Except for the preface and conclusion, the paper divided into four chaptersas following:ChapterⅠ: Examining the traditional financial supervision system. First, Therecapitulative review of safety supervision system. Second, Probing into theinternal relationship between Theory of Public Good and safety supervision, andmaking a discussion of the reason of less effective of safety supervision. Third,animadverting on financial regulation in China, and advancing an argumentationof setting competitive supervision.ChapterⅡ, Explaining the academic base and realistic meaning of thecompetitive supervision. Firstly, illustrating the signification of competitivesupervision and the factors of the system. Secondly, this chapter handles thetheory of law to make reasoning that financial freedom is more important thanfinancial safety. Thirdly, interpreting the relationship between the FinanceDeepening Theory and the competitive supervision. Fourthly, picturing thechallenges of facing hotly financial competition. ChapterⅢ, Focusing on the argumentation of rationality of the competitivesupervision. Firstly, using the Industrial Organization Theory, and anlysising theeffective competition markets structures by the Effective Competition Model.Secondly, there are some descriptions on rationality of the competitivesupervision in five aspects. Thirdly, dissertation on the institutional guarantee forgetting rationality.ChapterⅣ, To table some proposals at the aim of building competitivesupervision system. First, advancing advice of setting supervision aims system bycompetition aim priority. Second, Reducing regulation of markets admittance andcontrolling the government's power of administration. Third, Strengtheningsupervision of risk information discloser for implement the ultimate aim ofcompetition supervision. Fourth, pushing build markets discipline regulationsystem instead of government's monitor. fifth, Implementing functionsupervision to regular Synthesized-business. Sixth, enhancing the function of risksupervision, promoting financial safety.