Determination For The Boundary Of "Look Through" Approach

As Chinese economy enters a new situation,the overall growth rate of the domestic economy becomes slow,the pressure of economic transformation and up grading further increases,and the overall financial environment becomes more complicated.Under this background,on the one hand,investment and financing needs are difficult to match.The mismatch objectively requires financial innovation to create investment and financing tools that are suitable for the current environment.Only with these tools,the small companies may have the source to transform their industries.On the other hand,the "financial innovations" cre ated by the development of the Internet,such as ICO,especially the barbaric innovation in asset management business has further challenged the long-establis hed separation supervision system in China.These innovations have made a series of social events with negative impacts such as E-zubao.These two situations have forced the academic community to further increase its vigilance against financial risks,and to ponder how to reconstruct China's financial regulatory system so that it can achieve effective supervision while promoting financial inn ovation.Under this background with the aim achieving the balance between financial innovation,investor protection and prevention of financial risks,Chinese regulatory authorities have published a series of documents,such as the Notice on Printing and Distributing the Implementation Plan for the Special Remediation Work of Internet Financial Risks,focused on the implementation of "Look Through" supervision.On the one hand,this kind of "Look Through" regulation has indeed achieved regulatory effectiveness,suppressed financial risks,and has been recognized by international organizations including the World Bank;on the other hand,it has also raised concerns in the academic circles.Some scholars worried that if the "Look Through" supervision is not limited,then it may bring serious problems such as excessive expansion of administrative power.So,it is imperative to determine the boundaries of "Look Through" supervision.In order to fully demonstrate,this paper will be divided into four parts.The first part will summarize and summarize the understanding of "Look Through" supervision from Chinese supervision authorities' and scholars' perspectives,and clarify what is "Look Through" supervision in China.This part will summarize what are the definitions of "Look Through" supervision and what are the issues about "Look Through" supervision in Chinese scholars' view.The second part is to discuss the financial supervision system or rules similar to "Look Through" supervision established by other counties.Then,this part will summarize the boundaries and the regulatory logic behind these similar rules.Basing on the summary,this part will provide advice for the boundary of "Look Through" supervision in China.The third part will find out the experience in other dep artment law and try to use in Chinese financial supervision.The fourth part will base on the current situation and extraterritorial experience in China.It will discuss the boundary for "Look Through" supervision in asset management.Then,it will support some advice to determine the ways of due boundaries for the overall "Look Through" supervision.