Function Orientation Of Local Financial Affairs Office In China's Financial Supervision System

The finance development is important to improving the structure and the quality of the whole national economy. Because of the scarcity and capital lever, to prevent and solve the financial risk is particularly important. At present, the financial supervision system, including PBC, CBRC, CSRC and CIRC, doesn't fit with the need of financial innovation and risk disposal. And the development of local economy needs more support of the financial industry. Therefore the municipal offices of financial affairs are setting up successively. However, there is no specific laws and regulations of local financial supervision in our country. The municipal offices of financial affairs are in an awkward position.On the basis of internal and foreign financial supervision theory, the paper discusses the function of local government to developing financial industry, solving risk and supervising. Also, the paper describes the relationship between the central and local supervision, to promoting the whole system.Firstly, this paper illustrates the opinions on financial supervision at home and abroad. Secondly, to analyses the development direction and existing problems of local financial supervision based on Qingdao. Then it presents the main duty of local government on financial supervision and management. At last, the paper gives some improving suggestions.