On The Research Of Risk And Supervision Of Shadow Bank In China

Shadow banking is a product of financial innovation and financial reform, until 2007 the US subprime mortgage crisis broke out the huge risk hidden behind have attracted domestic and foreign scholars concerns.As a new force of the market, the shadow banking functions is to promote capital market reasonable and effective allocation of funds, improve the financial market vitality, promote the development of market economy. Its rapid development on one hand due to the stimulation of market innovation on the other hand commercial bank financing program is relatively strict, small business financing are hard to come by, so instead of traditional commercial bank financing function,the shadow banks arises at the historic moment..Since the shadow banks often mixed, high innovation, diversity of business types, so less constrained by regulatory authorities, coupled with its high operating leverage, opaque information, maturity mismatch and huge financial risk hidden behind the rapid development, likely due to the unfavorable regulatory or supervisory gaps, triggering systemic risk. Development of China's shadow banking is not yet mature, but the accumulation of potential risks should not be underestimated, how to reform the existing financial regulatory system in order to achieve the shadow banking proportionate and effective regulatory, supervisory authorities should be highly valued.Firstly, combined with domestic and foreign research and analysis on the shadow banking on China's shadow banking system to define, it points out the scope and characteristics of shadow banking, and focuses on the mode of operation and risk characteristics of several typical shadow banks, and then deep-seated analysis of the causes of risk, and finally discuss the existing financial regulatory system shadow banking risks and the regulatory status of the issue, and the consequent recommendations for reform of the regulatory system on this basis. Through collecting and neatening present literature and research, we can find two problem, on the one hand, domestic researchers do not reach a consensus about the concept and characteristics of shadow banking, they even mix up Chinese-characteristics shadow banking and the foreign ones. On the other hand, the existing supervision system in China is much more behind the financial innovation degree, which means that there is no effective measure to supervise the fast-developed shadow banking. In this paper, based on these two clues to discuss and explore the focus of several typical mode of operation and the shadow banking risks that may arise, on this basis to make recommendations to improve our existing financial regulatory system.In combination with the reality of our country, this article put forward to balance the market innovation and market supervision of flexible regulatory opinions, it is concluded that as soon as possible to establish a new regulatory system to adapt to the mixed management of the conclusion of the shadow banking system. Shadow banking regulation research is a long-term arduous project, It is need to regulatory authorities, government and markets collaborative efforts to better complete the shadow banking supervision task of our country.