China's Monetary Policy And Financial Supervision And Coordination Of Research

With the development of economy, finance states in the core position of the modern economic system, and plays more and more important role in the economy. The stability and orderly development of the finance can promote the economy into the healthy direction, and vice versa will do harm to the economy. Monetary policy maintains the financial stability, and is also an important tool to regulate the economy. At the same time, financial regulation bears the same role directly. Monetary policy and financial regulation have the same goals ultimately, and can promote each other, but they are very different in many aspects, such as the operating means, scope, etc. This paper analyzes the consistency and contradictions between the two points, combined with the facts that the monetary policy and financial regulation are implemented by two different departments now, discusses the reasons of the conflicts between them and the specific performance. We think that there are common ground between the monetary policy and financial regulation, and put some relevant settlement proposals to solve the contradictions. The central bank and the financial regulatory authorities should strengthen communication and improve their abilities respectively, and should strengthen the communication and coordination in the introduction and implementation of the policies. They also should work together to foster a good environment for the micro-finance markets, build the Macro-prudential regulation system, and safeguard the financial stability.