China's Commercial Banks To Withdraw From The Market The Legal System

Economical financialization and financial globalization are rapidly developing today, how to safeguard the financial system to operate safely and highly effectively has already become a big topic that every country is unable to avoid. Commercial banks are the core of a country's financial system, so their operation attracts more attention. A perfect market of commercial bank is an organic compound including access to market, business operation and withdrawal from market. Commercial banks, as a special kind of market main body, their withdrawal from market is not only important for social public's deposit rights and interests, but also has great effect on the security and stability of a country's finance and economy directly. Commercial banks' withdrawal from market has its own characteristics, requests, etc. so it cannot be applied to these general legal rules about withdrawal from market only.Our country focused on the supervision of commercial banks' access to market and business operation for a long time, so the legal systems about them are comparatively perfect. However, the legal system about commercial banks' withdrawal from market is relatively backward. By research, we have found many problems about the legal system of our country's commercial banks' withdrawal from market which need to be solved urgently.To perfect the legal system of our country's commercial banks' withdrawal from market, we should establish a perfect law system about commercial banks' withdrawal from market as soon as possible firstly which can make the specific legal way, implementation standard, implementing procedure, etc. of commercial banks' withdrawal from market clear, define the government's power limit and behavior border in commercial banks' withdrawal from market clearly, reduce the cost of withdrawal, enhance the potency and effect of legal method and market method in commercial banks' withdrawal from market; we should pay more attention to the protection of depositors' benefits and perfect their benefit safeguard mechanism as soon as possible; we should establish and perfect the mechanism of commercial banks' withdrawal from market as soon as possible so that commercial banks can withdraw from market stably and highly effectively; we should optimize the financial supervision to improve the efficiency of commercial banks' withdrawal from market; we should also complete the supporting systems to deal with bank crises, such as the lender of last resort system, the deposit insurance system, the take-over system of crisis bank, etc.Commercial banks' withdrawal from market is a complex project involving multi- relations, it should be dealt with cautiously, because the slightest carelessness is very likely to cause systematic risk or regional risk, which will endanger the security and stability of the entire financial system and economy, even cause social crisis.