Discussion Of Local Government Financial Regulation

The third plenary session of the18th Conference of CCP approved the"Decisions of Certain Issues on comprehensively deepen reform ".It put forward the implementation of financial regulatory reform measures and robust standards, perfect the supervision coordination mechanism, based on a determination between central and local financial regulatory responsibilities and risk management responsibilities. This is the first time the CCP defined between the central and local governme-nts in the field of financial regulation and risk management duties in the form of the file requirements. Before the third plenary session of the18th Conference, the outline of the twelfth five-year plan for national economic and social development of our country has proposed to perfect the financial management system of local government, strengthen the risk management responsibilities of local government to the local small and medium-sized institutions. Approved by the state council,"the The Overall Plan of Zhejiang Wenzhou Financial Comprehensive Reform of the Experimental Plot" will be the perfected local financial management system, as one of the12reform tasks. To perfect the financial management system has become the important content of China’s financial reform. To perfect the financial management system of local government and to promote the development of China’s financial sector and the development of local economy, society has an important role. This article,from the concept of financial regulation and significance of the relationship between government and market management theory, such as Beijing, anhui, baotou regional government financial management present situation analysis, focusing on wenzhou, shandong government financial management reform, summarizes the problems existing in the local government financial management and the necessity of perfecting financial management system, puts forward some Suggestions of perfecting the financial management of local government.