Under The Framework Of "three Principles Of Exhibition Industry", There Are Problems And Countermeasures In China's Foreign Exchange Supervision

With the process of global economic integration and the construction of “The Belt and Road Initiatives”,the effective supervision of foreign exchange is becoming more and more important.In recent years,in order to meet the needs of the country deepening reform,decentralization and risk prevention,foreign exchange supervision has undergone great changes,and gradually changed from rule regulation to principle supervision.Known as “K now your customer,know your customer's business,customer due diligence”,“Three principles of the bank's business development” were gradually introduced into the field of foreign exchange management.Represented by the reform of trade in goods,reform of trade in services and the FTA foreign exchange management pilot,The foreign exchange management laws and regulations highlighted the bank's due diligence obligations,which reflects a policy intent of the gradual reduction or even abandonment of preconditions and regulatory clauses,instead of “Three principles of the bank's business development” reviewing.The application of “Three principles of the bank's business development” solves the shortcomings like more rigidity and less elasticity of the management in the period of foreign exchange rules supervision,and helps to enhance the stability of foreign exchange management framework and the flexibility of coping with the change of situation,reform and development.However,in the process of supervision change,it also exposed some prominent problems.For example,some banks failed to implement “Three principles of the bank's business development” effectively,audited as a mere formality,and even boosted enterprises to avoid supervision to meet the needs of enterprises innovative products;some foreign exchange supervision departments were faced with difficulties in evidence obtaining,nature determining and penalties,for lack of supporting systems and cases guidance.At present,the policy and management measures supporting “Three principles of the bank's business development” have not yet formed.The regulatory means still need to be improved.Achieving “Three principles of the bank's business development” in the field of foreign exchange ma nagement is becoming increasingly important and urgent.This paper first elaborates the domestic and foreign research on the principal-agent relationship theory,the bank supervision and the “Three principles of the bank's business development”.Secondly,it describes the current situation of “Three principles of the bank's business development” in china.Thirdly,it lists the foreign advanced experience of “Three principles of the bank's business development” supervision.Fourthly,through case studies,in-depth interviews and questionnaires,it analysizes some typical cases in the past three years of banks failing to effectively carry out “Three principles of the bank's business development” in the field of foreign exchange management,and studies the problem and its cause in foreign exchange supervision.Fifthly,in view of the problems existing in China's foreign exchange regulation under the “Three principles of the bank's business development”,it draws on foreign advanced regulatory experience,and puts forward relevant countermeasures and suggestions.