The Change Of China's Financial Supervising System

Since the 1990's, there are so many important financial incidents have occurred in the international financial market. This gives us a serious problem: In modern market economy, the level of currency has been higher and higher, how to carry out effective financial supervising? The theory of Market Break Down and Information Economics established the basis of Financial Supervising System.Financial supervising system Change is a process of displacing, transforming and exchanging. It's effected and confined by the supply and demand of financial supervising system. This system depends on a nation's political order's capability of new system arrangement. It also depends on the structure and power comparison of a society's various vested interests, the cost of system design, the accumulation of science and the progress of society scientific knowledge. Financial supervising system demand is effect not only by the existing formal system arrangement, as constitution law and order, but also by the informal system arrangement, as culture and ideology.This article uses the change and reform tendency of China's financial supervising system as an object of studying. It looks back our nation's financial supervising system's change from a point view of economics, proves the route-relying of system change mode, Brings up the point that our nation's financial supervising mode would following the change route of advancing gradually and guiding by government, Stresses the first terms that financial supervising system would face, such as unclear property right, serious risks, internal people controlling, finance duality, safeguard system lacking, and so on. Based on comparing and analyzing international financial supervising system, the article concludes a universal law of financial supervising system change, linking up with China's reality, Designs our nation's financial supervising system from the aspects of target, standard, organization, contents, cooperation, safeguard and environment. It Bring up our financial supervising system's ideal. We should establish Financial Supervising Bureau. Combine the supervising functions of banking, stocks and bonds, insurance. In practice, to establish a target that would protect benefits of depositor and financial consumer. Build a concept of supervising legal person, inside controlling, risks and information transparency. Combine the market restriction, capital restriction and external supervising. Build a solid supervising network organized inside-controlling, external-supervising, some trade self-controlling, society overseeing. In the final, build up effective machine-processed deposit insurance.