A Study On Financial Supervisory System Of China In Financial Opening

Financial opening is the important constituent in which our country becomes a formal member of the World Trade Organization, and our country has correspondently made commitments and put them into practice as well in the banking industry, the insurance business and the securities business. The 5 years of transition-period for entry into WTO is going to end in December 11, 2006 .According to the pledge of joining the WTO, the foreign capital bank will enjoy the national treatment at the appointed time with capital bank comprehensive competition. because of the financial opening, financial industry carries out the financial innovations unceasingly and financial mixed operation has become the trend of development gradually so that how to main body of financial supervision to deal with this change, how to balance this dynamic gambling between innovation and supervision, and how to choose the financial supervisory system are worthy of a thorough discussing. Starting from the theory of financial supervisory system this article is discussing the economical effect of the financial supervisory system in financial opening and the influence on our country from practical and theoretic aspects. By studying the Western financial supervision organizational reform and the innovation experience, we obtain the trend of the Western international financial supervisory system and its enlightenments to our country, and then on this foundation, we obtain the policy suggestion that has consummated our country financial supervisory system.The first part introduces the concept of the financial supervisory system,...