The Research On The Legal Issue Of County-level Financial Supervision

As a part of the grass-roots finance in China, county finance is the key factor to ensureour social stability and economic development. In recent years, with the state continuing toincrease efforts made to support the grass-root development of finance and agriculture, thefunds of financial departments at all levels for the county and township followed a substantialincrease. The safety and effective operation of county finance is directly related to the publicproduct and service provision, which is most closely connected with the grassroots people’sproduction and daily life, and also related to the economic and social development. Under thenew form development of grass-roots finance, it not only provides more vast space for thecounty-level financial supervision, but also put forward higher requirements on thecounty-level financial supervision. Although at present our country-level financial supervisionis gradually moving towards the institutionalization, legalization，but still exist a lot ofproblems in the actual operation. The appropriated occupy case that exposed by auditingreport and the financial supervision is still increasing each year. This shows that there are stillserious defects and loopholes in the China’s county-level financial supervision andmanagement system. And financial department of financial supervision is passive andawkward, which compared to the “audit storm" that swept by audit department.Financial supervision should play an escort role in the safe operation of the governmentfinances.The role of County-level financial supervision improved and enhanced in recentyears，which Especially have made a lot of fruitful work In the budget implementationchecking, the "small treasuries"cleaning, Inventory of the extra-budgetary revenue andexpenditure,"income and expenses " inspection。But the current of county-level financialsupervision and management system for its own serious defects has greatly restricted thefunctions and effects of the county-level financial supervision. Frequently non-standardbehavior, the "offside" or "Absence" of supervision in the conducting supervision of countyfinance department，which reduce the authority to financial supervision. Therefore, toimprove financial supervision and management system, standardize the behavior of financialsupervision, and provide a favorable legal environment for the smooth and efficient conductof the county-level financial supervision has become the top priority mission.The county-level financial legal supervision oversight its unique operation rules, the search of the county-level financial supervision can not only provide new ideas to improvethe county-level financial supervision and management system, but also provide a usefulreference for the sound of the financial supervision system, Then to improve the status andinfluence of county-level finance legal supervision. Making analysis on the present situationof the county-level financial supervision, probing into real reason obstruct the effectiveness ofthe county-level financial supervision.This article attempts to propose new thought train ofhow to polish legal system of financial supervision of county level.In addition to the Introduction, Conclusion, The paper is divided into four parts:Part I: The introduction about the current pattern of the county-level financialsupervision and management system reality. This section mainly elaborated the concept offinancial supervision and the current financial supervision system, Highlights the importantrole of the financial supervision of the financial sector in China’s financial supervision system.Part II: The problems and shortcomings of county-level financial supervision andmanagement system. This section is mainly from the five aspects of county financialsupervision and management system: Non-standard setting of county-level financialInstitutional; single mode and backward method of financial supervision; the great loopholesof special funds supervision; the hysterics of processing means; and low transparency offinancial information disclosure.Part III: The analysis about the deficiency of the financial supervision system. Thissection makes analysis of the causes of the specific problems of the country-level financialsupervision system from the following three aspects: the finance background, theimperfection of the legal system of finance supervision and the unsoundness of financesupervision mechanisms.Part IV: To perfect the thread of thought about the legislative system of county-levelfinance supervision. This section is the important part of this article, which from four pointsputs forward the new train of thought to improve the legal system of our county-level financesupervision. The four points are as follow: To change the concept of finance supervision, andthen enhance financial awareness of democracy and the rule of law；To formulate andpromulgation of “Financial supervision law；To perfect the supporting legislative system offinance supervision. To strengthen law enforcement efforts of finance supervision。Due to the defective of county-level finance legal supervision, the county-level financeviolations of law despite repeated prohibitions. Taking this as the point, this article makes a specific analysis of the current pattern of China’s county-level financial supervision, and thenproposes new thought train of how to polish legal system of financial supervision of countylevel. Hope this article can provide some useful reference for solving the practical problemsof the county-level finance legal supervision.