Competition Regulation Of Financial Industry Research

The competition is an eternal theme in the market economy. Any kind of economic system, any kind of social system, there is the competition. But under different economic systems and social system, the meaning, intension and extension of the competition are different Financial circles has generality of market economy as the important component of the international economy. The developing history of financial circles is equally history of a competition development. But the monopoly of financial market of our country is too strong, competitive is not sufficient; the existing monopoly and unfair competition behaviors have hampered financial circles to become progressive and safe;and have influenced the improvement of the competitiveness of financial circles in our country.In order to maintain public interests, according to the laws and regulations ,one country government need to standard and restrict the competition activities of market bodiesby means of administration, law and economy. Namely give the standard to the competition behaviors and competition order. There are two ways generally: first, the government make macro adjustments and controls of the order of market; Second, according to the market laws and regulations make the prohibition of different illegitimate competition behaviors . Financial circles as special trade, offered by it product and characteristic of the service determine, can't be totally suitable for the free competition principle of the general industry and commerce. Handle our country the contradiction between national capital and private capital , domestic capital and foreign capital, the degree of protection of financial circles in our country and degree of monopoly in our financial circles is very important,and this will play an important role to our country effective competition order and standard of financial circles.Among our country financial circles, both banking, securities business and insurance in various degree exist monopoly and unfair competition behaviors.The main reason is our country current law fail to regulate them well.The effective legal measures we can take at the present stage are: Strengthen financial supervision in accordance with the law; Introduce the general legal provisions of the field of the competition; Notice regulating finance monopoly and unfair competition behaviors; Absorb and applicate to the rules of the international practice and World Trade Organization; Adopt comprehensive financial mode and set up one special executive body to regulate the competitive order of our financial circles.