Research On The Construction Of China's Legal System Of Financial Regulation

Driven by the trend of financial liberalization, internationalization and globalization, in the process that the financial market gradually switches from indirect finance to direct finance, financial innovations are developing vigorously and financial instruments are being refreshed frequently, making it complicated to operate in financial industry. During the developing process of financial industry, financial supervision is becoming increasingly important. The financial supervising ability of a country can determine the international competence of this country in a large scale. Affected by the subprime crisis of USA, all the countries start to examine their financial supervising modes, accelerate in completing the legislation of financial supervision, and adjust structures of the supervising organization, making best efforts to remain the stability and prosperity of financial market. Due to the late starting of the financial industry in our country, the financial operation and supervising mode with Chinese features suffered less damage in this crisis and won the chance to accelerate its economic development. However, it becomes extremely important to comb the Chinese finance in case of any disasters may happen.Starting from defining some necessary concepts, through studying at the supervising mode characterized by the United Kingdom and the supervising mode characterized by USA, on the base of comparing the two, this article focused on the current financial supervising law systems of our country and, started from the case that Pingan Insurance (Group) Company purchased Shenzhen Development Bank, analyzed the problems within the current financial supervising law frames. Advices to improve the legislation and related mechanisms are raised and feasible plans to build a financial supervising organization structure are discussed.