Study On Financial Officials Corruption And Countermeasures In China

Financial officials Corruption is one of spotlights nowadays. Upon the background that our society is in transition, so many problems exist, such as the system not smoothly switching from old to new, imperfect market rules, shortage of sound laws and regulations, the use of power not being restricted and equilibrated effectively, etc, which give the financial officials some opportunities to corrupt. Financial officials Corruption has its own characters for the financial enterprises are different from others. Financial officials Corruption has severe influence on society. It directly destroys country's economic development, damages people's basic interests, ruins social honesty, even does harm to social stability. As a kind of social phenomenon, Financial officials Corruption is related to economy, politics, mentality, ethic, culture and others. The reasons are very complicated. This article, on the base of plenty cases, summarizes financial officials corruption manifestations, elaborate the problems they exposes, reveals its harmfulness to society, explores the root reasons, finally puts forward countermeasure.This article applies Cost-benefit theory on financial officials corruption, finds out that corruption private cost is close to zero while the private benefit is big enough. On the other hand, social cost is so big while good social benefit is nearly zero. Preventing and eradicating financial officials corruption must improve private cost and reduce private expectative benefit. Private cost must be much bigger than private expectative benefit.The innovation of this article lies in the analysis to financial officials corruption's cost and benefit functions. It divides cost into two parts —substantial cost and mental cost. The shortage of financial system makes substantial cost very small. And the sacrifice of social economic ethic results in mental cost nearly to zero. The article makes a conclusion that it must improve both substantial and mental cost to eradicate financial officials corruption, in which criminals have rich economic knowledge, high intelligence quotient (IQ), and high position. We must apply education, system and supervision policy at the same time. Education is foundation, system supplies guarantee, and supervision is the key. None of them can be ignored.