Research On Banking Supervision In China After The Financial Crisis

Finance is the core of a national economy, which play an important role in leading and supporting economic development. Since the reform and opening up of our country, with the changing of political and economic environment in China, financial regulation is also in constantly transforming as an important part of the financial system. Now the world economy being after the Financial crisis, financial mixed business develop and financial Innovation become abundant, which being challenge to the financial system. Research on Banking Supervision in China After the Financial Crisis is building-up under this background.This paper's structure is complied with according to bringing forward problem, analyzing problem, and solving problem from the perspective of institutional economics. The author proposes for the banking supervision of our country, and considers that the banking supervision should make a change in response to the laborious challenge in China.Chapter I is about the international financial crisis and the reform of banking supervision. First, the author elaborates the theoretical basis of banking supervision from three respect, including the externalities of banks, the Imperfect competition of banking market, and the asymmetric information of banking market; Second, analyze the reason of this crisis, and the process of it. Last, introduce the reform of banking supervision in the USA and the European Union.ChapterⅡelaborates the history, status and problems of China's banking supervision. The bank development of our country is divided into four periods: compound central bank period(1948 -1979), under the strict control of The People's Bank of China(1979 -1993), the banking supervision improving period(1993 -2003), financial supervision for different industries(2003– so far). During the development of our country's banking supervision, there are serious of problems including: lack of banking legal system, the problem of regulation agencies, be shot of management methods etc. Of all these questions, the duty during government and banking supervision agencies shows indefinite, which causes that regulatory efficiency will suffer influence.ChapterⅢdiscusses on the comparison of international regulatory reform. Above all, introduce three main banking supervision in modern world: divided banking regulation, unified banking regulation, incomplete unified banking regulation; Secondly, analyze the experience of banking supervision reform of main countries in the world, and the inspiration to our country.Chapter IV proposes to our country's banking supervision reform. This section consists of four main pieces: improve legal system, enhance the independence of the regulators, administrate financial Innovation, and improve the supervisory approach, in this way, can banking regulatory effectiveness be enhanced and finance develop.Chapter V summarizes the whole article and forecast the future of our country's banking supervision.