A Study On The Legal Mechanism Of Financial Supervision And Cooperation Between China And ASEAN Free Trade Area

From the beginning of the1980s, economic globalization has become a popular trend in international economic development. The rapid development of economic globalization has directly contributed to the international integration of financial sector development.Meanwhile, in the influence of economic globalization, regional cooperation has gradually become an important role of modern international economic. Finance, as its ancillary services, is becoming increasingly apparent characteristics of regional development.Last century, ASEAN countries suffered Southeast Asian financial crisis. The vulnerabilities and weaknesses of its system have been totally exposed in liberalization of financial development. Investigate its origin reasons is that conflict between supervisory nationality and financial globalization is getting more prominent, just relying on individual countries supervisory have been unable to separate regulatory risk prevention and control of cross-border financial activities derived from the development.With China-ASEAN Free Trade Area was established, the economic ties between China and the ASEAN countries which is becoming more and more closely, it is bound to include links between China and ASEAN countries in the banking and other financial activities, cooperation has been further strengthened. Due to their unique financial activities of high-risk and high conductivity, for the protection of economic security CAFTA, the establishment of financial supervisory cooperation mechanisms and improve CAFTA imminent. Regulatory cooperation mechanism is not only conducive to maintaining financial stability and security of the Member States CAFTA, to prevent another outbreak of the financial crisis, but also conducive to promoting improve our financial regulatory system.This paper is divided into four main parts, the first part introduces the connotation of financial regulation related concepts expounded financial regulation and its theoretical basis, focusing on the contradictions of international financial activities and supervision of the country between the analysis of the financial regulatory CAFTA the necessity and feasibility of cooperation; second part analyzes China-Status and Problems of the ASEAN Free Trade Area of the financial regulatory cooperation in legal mechanism on the status of CAFTA financial regulatory cooperation are described and illustrated, mainly for financial regulatory cooperation on legal mechanisms CAFTA five questions were analyzed; third part introduced the IMF, World Bank, WTO and the Basel Committee on Banking Supervision and the European practice of cooperation in financial supervision and the reference to CAFTA; part IV on improving China--ASEAN cooperation mechanism for supervision of financial elaborated and made China self-improvement strategies, highlighting the practical significance to study the regulatory mechanisms for cooperation to China.