A Study On Legal Issues Concerning Financial Supervision Of China Under The Impact Of Financial Crisis

The activities of financial innovation has never stopped throughout our country's 30 years reform and opening up process,and achieved important results.Many difficulties and contradictions appeared during the financial reform process should be solved by conception innovation,mechanism innovation and products and service innovation,and at the same time, professional and prudent financial supervision is necessary.This article put an emphasis on the disadvantages of China's current model of financial supervision under the background of financial crisis,and raise a series of ideas and measures on financial supervision innovation.In addition to the introduction and conclusion,the body of this article consists of four parts.The first part:takes an overview of financial crisis and financial supervision.The part introduces the concept of financial crisis,and then introduces the basic conception of financial supervision from the vision of legal,which makes an underground for the analysis of our financial supervision under the background of financial crisis.The second part:about China's current financial supervision model.China has three kinds of current supervision models from the legal view point:The government supervision model,The financial sector self-supervivosion model,and The audit supervision model.The third part,summarized the flaws of China's current financial supervision model under the background of financial crisis,which prepares for making suggestions and measures.Part four builds up the blueprint of mechanism innovtion and legislative innovation of China's financial supervision model.This part makes several innovative suggestions to improve China's current financial supervision system from the aspects of conception and mechanism based on the conception and practical analysis of the three former paragraphs. This part first of all,fully implements the spirit of 2008 "Government Work Report",and analyses the importance of financial supervision innovation under the background of financial crisis;Secondly,in a creative way,putts up several financial supervision measures to improve China's existing financial supervision system,to keep steady in the financial tsunami,to stabilize China's abundant reform and opening up accomplishment in the past 30 years.At last,the article concludes that,in the current complicated international economic environment,our task of financial supervision still is to deal good relationship among financial innovation,financial opening up and financial supervision,to enhance cross-border capital flow monitoring and regulation,to keep the stability and security of financial system.But the unexpected financial crisis brings many uncertainties,we should cope with the relationships among financial innovation,financial opening up and financial supervision more prudently,to face the challenges from both home an abroad.