Research On Separated Supervision About China Bond Market

As a scarce resource,the supervision plays a very important role in the economical operation.The department which controls this kind of power has some exclusive rights and wants to enlarge the power and forms the interest groups.There is a lot of competition among the supervision department because the supervision power has exclusiveness.The China bond market plays an important role in the monetary policy and liquidity management to financial investors after over 30 years of development.With the increasing number of the participant types and the innovation of business types,the separated supervision of bond market causes a lot of problems of supervision efficiency,such as risk management and financial innovation.The study closely focusing the financial supervision system reform,summarizes the experience and development trend of financial supervision reform,points out the low supervision efficiency from market development,market risk and market innovation.Meanwhile,the study uses the method combined the theory and practice,finds the reason of the low efficiency and put forward some suggestions to supervision reform.The result of the study sets out the limitations of the current supervisory system and points out the financial supervision should play attention to safety and efficiency at the same time,gives a powerful support to the theory of unified supervision which could promote the development on China bond market.