On The Improvement Of China's Financial Legislation

Since China's reforms and opening to the outside world, great changes in almost every aspect of our society has taken place. Comparing with other aspects of social improvement, the financial developments have, to some extent, slowed down the steps of advance in the whole economy. Finance is the core of modern economy. As China became a member of the World Trade Organization on 11th, December 2001,the opening and development of China 's finance have entered into a new stage.However, problems still exist in national banks such as larger proportion of bad assets, serious shortage of capital funds, poor corperte gove-memce, low capability of profit-making and the inefficiency of the firm running. All these problems have become barriers to China 's financial developments. In order to find solutions to all these problems, we should introduce perfect legislation to achieve a healthy and efficient bank system. So the common task of legal and financial circles is to explore how the legislation affact financial reform. To achieve a leap from the interpretation of concept of financial legislation to practical operation, we still have a long way to go. There are deep historical and systematical reasons and financial structural factors affacting the development and change of financial legislation. Therefore, we should proke into historical causes and practical imperfections of China's financial legislation from a historical perspective. Thus we can put forward constructive proposals that would push the reforms of financial system forward and make the financial legislation perfect by comparing with...