The Research On Financial Supervision System In Dalian Free Trade Zone

At present,our country's economy is in the stage of all-round development,along with the development of reform and opening up,China's overall economic strength has been greatly improved.But the external international situation is still not optimistic,Brexit,the United States to withdraw from the TPP,the rise of unilateral protectionism in international trade,the subsequent impact of the financial crisis is still continuing,these are the global economic recovery shrouded in a haze.In order to further improve the quality of domestic economic development,deepening the level of opening to the outside,and actively building a free trade zone(hereinafter referred to as the FTZ).Since the establishment of the Shanghai FTZ in 2013,the FTZ has developed rapidly and become an important link between China's economy and the world economy,and has become a new window of "Going out" and"bringing in" the economy.The scope of China's FTA is expanding,and the Liaoning Free trade Zone was established in 2017,and the Dalian area became an important part.The main construction of Dalian FTZ is to become the Northeast Asia International Shipping,Logistics,Trade Center,regional Financial Center,Northeast Asia Science and Technology Innovation Venture Capital Center and modern industrial agglomeration center.The development of Dalian Free Trade Zone will promote the overall competitiveness of the Northeast old industrial base and create a new situation of open cooperation in northeast Asia region.The construction of a regional financial center is one of the objectives of the innovation and development of Dalian FTA,and the policy measures to ensure the steady progress of financial innovation are also introduced in Dalian FTA.However,the current financial innovation work program is still in general outline and abstract principle,there is no practical operation of the specific implementation details.At the same time,there is a lag in financial regulation.Although Dalian FTZ attaches great importance to financial supervision and prevents the occurrence of financial risks,the specific supervision measures that can be seen are few,and the construction of financial risk supervision system is slow.This paper introduces the basic situation of Dalian FTA and the current situation of financial supervision law,and points out the problems faced by the financial supervision in Dalian FTA area.This paper introduces the development of the developed self-trade District financial Supervision mode in America,Singapore and Korea,and draws the Enlightenment to the construction of financial supervision system in Dalian FTA,and finally puts forward some suggestions on perfecting the financial supervision system of Dalian FTA.Therefore,it is of theoretical and practical significance to study the legal system of financial supervision in Dalian FTA.This paper is divided into five chapters.The first chapter,as the introduction part of the full text,introduces the purpose and significance of the topic selection,as well as from two aspects of domestic and foreign countries to show the current academic research on the financial supervision system at home and abroad.The writing content of this paper refers to the concrete examples and carries on the comparison analysis to the financial supervision system of our country and the foreign free trade zone,uses the scientific research method to carry on the analysis research.The second chapter summarizes the financial supervision system of Dalian Free Trade Zone,and introduces the general situation of Dalian Free trade Zone,the present situation of financial supervision system and the innovative measures.This paper expounds the advantages of Dalian free trade zone,such as land location,economic development,foreign communication and regional financial center,and improves its own development level.Dalian Free Trade Zone strives to promote the overall competitiveness and opening level of the old industrial base in northeast China,and provides an important platform for deepening the implementation of the"Belt and Road" strategy.The basic provisions of financial supervision in Dalian Free Trade zone are analyzed from four aspects of supervision subject,supervision object,supervision principle and supervision characteristics.The free trade zone finance relies on the People's Bank of China,the CBRC,the SFC,the government financial institutions and so on to supervise the cross-border RMB business,foreign exchange management,financial services,financial risk prevention system construction and other contents.Dalian Free Trade Zone adheres to the successful experience of the construction of Shanghai free trade Zone adhering to the principle of "replicable,can learn from and popularize",and puts forward the innovative measures of the financial supervision system of the comprehensive supervision mechanism of the Government,the public Credit information platform and the post-mortem supervision mode in advance of the administrative examination and approval.The third chapter is about the problems existing in the financial supervision system of Dalian Free Trade Zone,which is expounded from four angles,the legislative system,the market access system,the financial risk prevention system and the macroscopic micro-prudential supervision system.In the aspect of legislative system,there is the problem that the state layer is faced with the lack of legislation of free trade zone,the financial supervision system is crude,and the legislation of financial innovation lags behind.In terms of market access system,the scope of financial market access for free trade zones is limited,while the administrative examination and approval system for financial matters is still relatively strict,which reduces the financial development vitality of Dalian Free trade zone.In the construction of financial risk prevention system,the prior risk prevention is not established,the risk prevention means are single,and the supervision information Disclosure system is not perfect.Macro Prudential regulation measures are only slogans,and micro-prudential regulation is not in place to regulate and protect financial innovation and financial consumers.The fourth chapter of foreign Free Trade zone financial supervision system and its enlightenment,introduced the status of foreign free trade zone financial supervision,with the United States,Singapore and South Korea's free trade zone as a typical representative,analysis of its successful experience and enlightenment to China's free trade zone construction.The American Free trade zone is famous for its complete free trade zone legal system,and the Foreign Trade Zone law,as the upper law and other legal systems complement each other to ensure that the financial supervision of the United States Free trade zone is legally enforceable.The biggest feature of the Singapore Free Trade Zone is the establishment of the monetary Authority,which has resulted in a unified,centralized and efficient model of financial regulation.South Korea's free trade zone is to take the government supervision mode from the central to the local,financial supervision policy measures,coordination and unification.The construction of China's free trade zone should also learn from the experience of other countries from three aspects,such as perfecting the legal system,the choice of financial supervision institutions and models,and the unification of central and local policies.The fifth chapter is the improvement of the financial supervision system of Dalian Free trade Zone,combined with the analysis of the previous article,especially in view of the problems existing in the financial supervision system of the free trade zone,drawing on the successful experience of foreign countries,it is proposed that the financial supervision system of Dalian Free trade zone should be perfected from the top law "China free Trade Zone law".To refine the rules of financial supervision system,strengthen the formulation of business rules for financial innovation,unify financial market access norms,establish a financial risk early warning system,improve the financial supervision information Disclosure and disclosure system,further implement the macro and micro prudential supervision system,the supervision measures to give concrete effect to these four aspects of the proposal.