The Study On Local Government Financial Supervision In Lishui Zhejiang

In the current context of world economic integration and financial globalization,any small random disturbance in the financial sector will lead to the global financial crisis.Therefore,financial regulation is a non-ignorable issue for countries in the world to promote economic development.As the economy continues to be financialized,and the local financial continues to be innovated,finance has become a strong impetus to promote local economic growth,and the local financial supervision issue has become very serious.As the local financial institutions started late,the volume is small,orthodox financial institutions are also mixed with a wide range of non-governmental financial institutions,In the case of unclear regulatory responsibilities,over-arbitrary development contains great risk,and it will easily lead to local financial crisis,even breaking the local financial order and stability.In addition,because of the "one line,three meetings" regulatory model,it is difficult to achieve full coverage in the local financial supervision,which requires local governments to play a great role in local financial supervision and take more responsibilities.However,due to the regulatory power is weak,the management system is not perfect,risk disposal is not in place,the lack of laws and regulations,and a series of problems,the local financial regulatory authorities were restricted in the law enforcement.Lishui as a reform pilot area of rural financial,besides the common local financial regulatory problems,Lishui also has its own particularity,therefore it is important to conduct a targeted study of this complex situation.This essay takes “ Perfect Local Government Financial Supervision ” as the research topic,and take Lishui as the research object,based on the concept of local financial supervision to the theory of financial supervision and the related literature and research of domestic and overseas,it concludes the necessity of local financial supervision.In recent years,Lishui's financial industry was developing rapidly,the various continuously rising kinds of financial and non-financial institutions are deeply promoting the Lishui's economic.But on the other hand,it also brought many local government financial regulation problems.Through the analysis of the current situation of local government financial supervision in Lishui,it found some problems like regulatory law is unsound,regulatory system is imperfect,multiple supervision,absence of supervision andinefficiency of supervision.Through further analysis,it found that the drawbacks of China's financial supervision system,the imperfection of China's financial supervision law and the lack of local financial regulatory authorities are the main causes of local government supervision in Lishui.Meanwhile,by drawing lessons from the successful experience of local financial reform in Wenzhou,it's pointed out that to improve the financial supervision of local government in Lishui,it is necessary to clarify the responsibilities of central and local financial supervision and divide the supervisory functions between departments and enhance the legitimacy of local financial supervision.At the same time,it holds that strengthening local financial supervision main body construction,innovating local financial supervision means and integrating resources are the only way of local government financial supervision.What's more,it also has a great significance to perfect the financial supervision of local government in Lishui.