Reserch On The Conduct Regulation Of China’s Financial Industry

Financial regulation reform is always accompanied with financial innovation and financial crisis. Before the 2008 international financial crisis, scholars and financial regulators focus on the Institutional regulation and Functional regulation, decentralize regulation and integrated regulation, but another regulation model called twin peaks-prudential regulation and conduct regulation respectively, in order to maintain the stability of financial system and the protection of the financial interests of consumers as the goal-had been cause widely concerned. the "twin peaks" mode had been adopted in Australia and Holland respectively in 1998,2002,and the two country recovered well during the crisis, but the United States and Britain’s financial industry had been hit seriously and the financial interests of consumers had been violated. After the crisis, this country started to introspect upon the country’s financial regulatory philosophy and regulatory mode, and considered to strengthen the regulation of financial institutions’ conduct, and protect the financial consumers’ rights and interests. Therefore, most of country’s financial regulation reform tends to "twin peaks, conduct regulation has been concerned widely, and become one of the three main Pillar with macro prudential regulation and micro prudential regulation of the international financial regulatory reform after the financial crisis.After the crisis, china had adopt the experience of the international financial reform to a certain extent, and carry on financial regulatory reform preliminarily, which emphasizing on conduct regulation and financial consumer protection, including of set up the Consumer Financial Protection Bureau in four regulatory institution and formula relevant financial consumer rights protection system. But with development of the Chinese financial industry mixed operation the mutual infiltration of the financial products and financial the innovation of financial product, reforming the existing financial regulatory model, strengthening the conduct regulation of financial institutions and financial consumer rights protection is the trend of the future.Generally speaking, the reform of financial regulation existed a certain of path dependence. Therefore, this paper devote to research on the path of Chinese financial reform and construct the frame of conduct regulation base on the basis theory, international experience and the china’s actual situation...