Research On The Supervision Of Shadow Banking In China

With the continuous development of global financial liberalization,financial innovation emerges in endlessly, the shadow banking has been familiar with more and more people,it has developed as a new market model of the financial industry in recent years.China’s economy is facing a series of challenges, financial disintermediation is increasingly serious,while the interest rate market-oriented reforms are being implemented steadily, the Internet financial are developing rapidly.All these problems have brought a series of challenges for the economic transformation in China. In the same time, with this rapid expansion of the size of the shadow banking system, which is causing the high attention at home and abroad. However, there is a huge difference between China’s shadow banking background and western countries background,so we should get the perspective of vision and development of dialectical to look at the shadow banking.Though Shadow banking certainly takes positive effect on the development of China’s financial market, not blinders, the risk of shadow banking has exaggerated., The shadow banking system collapsed in the year of 2007 financial crisis, including Lehman closed down as the high leverage, Merrill Lynch was acquired, Reserve Primary Fund(the US market was the largest money market funds) was run.A series of events was forcing regulators had to take shadow banking regulatory on the agenda. International financial regulatory organization has been committed to exploring the shadow banking supervision, and the studies on the regulation of the shadow banking has been groping in the run by now.China’s financial regulatory approach are different from other countries, which most of the non-financial institutions and regulators are still at them, so some people think that there is not any shadow banking in China.This view is very one-sided, Though there are many differents in composition,existing form and scale between China’s shadow banking from western countries. In fact, the financial system has a variety of different forms of presentation of financial institutions, they are not supervised by formal or traditional financial regulation, however, there is no difference in the core of its shadow banks basically. Under the background of China’s current banking oriented indirect financing of social financing scale type, it should been put forward a series of measures to strengthenthe supervision of the shadow banking.The central bank has continuously adjusted monetary policy, gradually adjusted from tightening monetary policy for a prudent monetary policy.As the macroeconomic policy in such a context, the gradual expansion of the size of the shadow banking has been an established fact, but the shadow banking just like a "double-edged sword",it has been bringing financial innovation, while taking the attendant risks. Based on the above situation, this article analyzed the issue of China’s shadow banking regulators in China.This paper is divided into six parts one by one to start: The first part is an introduction,mainly on research background, to the shadow banking supervision significance of the topic, with a total of research ideas and relevant research methods. The second part is the literature review, the first provides an overview of shadow banking, mainly on the concept of shadow banking, characteristics, and the difference between traditional banks and other basic theoretical knowledge, followed by domestic and collate the shadow banking regulatory issues concerning literature. The third part describes the development of the shadow banking abroad, first outlined its profile in the international development,architecture and operation mechanism. Then focuses on the development of the shadow banking in the country, focusing on system configuration, the reasons for the rapid development, the development characteristics, presence of risk introduced, into a likely impact of macroeconomic and financial system resulting from a brief introduction to do.The fourth part by analyzing the regulatory status-quo, pointing out the problems of the shadow banking supervision exist: long supervision, lack of supervision and coordination;regulatory measures are not in place; industry self-regulation and the need to improve the information disclosure system; financial regulation lags behind the financial innovation;including financial institutions themselves, the lack of awareness of risk regulation. The fifth part is the international comparison of the shadow banking regulatory issues, this chapter in the United States, Britain, Japan, the European Union four aspects, summarize the experience of developed countries, provide reference for our regulatory system. Part VI of the Perfection of the shadow banking supervision system to propose effective recommendations, the main measures include speeding up the construction of China’scapital market; maintain the continuity of macroeconomic policy and regulatory policy; to promote market-oriented interest rate reform and financial product innovation; into a ho Perfection relevant laws and regulations of the shadow banking supervision to be rules to follow, according to the law; perfect body, functional regulatory philosophy; establish a sound system of risk monitoring, early warning mechanism, to lay the foundation for improving the transparency of information; participation in international financial regulatory cooperation, and actively prevent and react to external risks; start from the financial institution itself, to introduce and train high-quality talent, improve self-discipline,strengthen internal management.