The Present Situation And Reform Strategies Of Financial Supervision System In China

Since the continuous development of financial globalization and financial liberalization,the international financial situation and the environment is constantly changing,at the same time the financial regulatory system is in constant reform.After the 2008 financial crisis,some countries which financial develop well has begun to reform the financial regulation system,in order to prevent the financial risk and ensure the smooth development of the financial.The financial development of China has been in a relatively backward status,however the financial impact on our country's economy began to more and more importantly in recent years,the development of the Internet financial has a great influence of each person's life.How to guarantee the steady development of financial institutions and reform the system of financial regulation has become the event of the national economy and people's livelihood.The real financial regulatory system of our country is beginning at the reform and open policy,the financial regulatory system change from the one regulator—the people's bank of China to “one bank and three committees” financial regulatory system that has made many contributions for Chinese financial in the initial formation period.Since the international community on furthering financial liberalization and financial globalization,the financial environment in our country has also begun to change," one bank and three committees " financial regulatory system can not adapt to the trend of mixed operation.The rise of the Internet financial compounds the problem.After the 2008 financial crisis,mixed operation mode is more and more obvious.The reform of financial supervision system isimperative.Many countries have to begin reform of financial regulatory system,including the opinions such as:strengthen the function of supervision,strengthen the central bank,pay attention to the prudential regulation,and set up a consumer financial protection mechanism,etc.These have very important significance on our country's regulatory reform.The paper summarizes the existing research results and puts forward the proposal for our country regulation reform,by using the experience of typical countries,the most important point is to change the existing financial regulatory system.Comprehensive regulatory model has two choices: one is to put the central bank in the absolute dominance of financial regulation,within the central bank has micro and macro prudential regulation department.;the second is to set up a new super regulator,which can provide guidance and recommendations for the central bank.Bimodal regulatory model can do like this: the central bank combines three committees,takes charge of macro-prudential regulation and supervises financial institutions.One independent financial regulator should be set up to supervise the financial market behavior,and protect the consumers.China should set up an independent regulator for the regulation of Internet financial.But financial regulatory reform can't happen overnight,we Need to be done slowly to ensure economic stability,and promote the healthy development of financial industry.