The Financial Supervision Innovation Research In The Background Of New Economic Normality

Finance is the lifeblood of the national economy,security and stability of the financial market have a significant impact on the development of the real economy,now the economy of our country is from at an ultra high growth speed to new economic normality of moderately high growth,the decline in economic growth rate makes potential systemic financial risk of our financial market increase,resulting in an increase in the risk of financial crisis' s occurrence,It may also cause widespread recession of the real economy.Therefore,under the new economic normality context,Facing new features and trends of financial market that appear,and main problems of our financial supervision,we must all the time alert and guard against financial crisis that results from the accumulation of systematic financial risks,and timely make the innovation of our country's financial supervision,Therefore,financial supervision can keep the safety and stability of financial market and better serve the development of real economy.This essay starts to set forth the relevant theory basis of financial supervision in great detail,then further state the causes of global financial crisis and financial supervision reform of developed countries,and under the new economic normality context elaboratively explore the new features and requirements of our country's financial development,view the stocks market as the research subject,next test actual situations of efficiency of our country's financial supervision by using an econometric random walk model.Therefore,we can find out current main problems of our financial supervision,at the same time combine with the financial supervision reform of developed countries,and then put forward the suitable innovation path of financial supervision for China.This essay has seven sections: The first section is the exordium,including the setting,aim and meaning of the study,domestic and foreign review of research,the main contents,frameworks and methodologies of the research,possible innovations,difficulties and deficiencies of the paper;The second section sets forth related theory of financial supervision in detail,it mainly includes the following: finance is the lifeblood of modern economic development,financial supervision is the security of coordinated development of economy and finance,the concept of financial supervision,the content of financial supervision,financial supervision goal,the models and theoretical basis of financial supervision;the third is overview of financial crisis and financial regulatory reforms of developed countries,it starts to illustrate a brief overview of the financial crisis evolution,then analyzes the main reason of the financial crisis,to provide a basis for countries ' financial supervision reform,and Further elaborates the content of developed countries' financial supervision reform,makes evaluations,and summarizes the new trend of world financial supervision reform.From section four to section six is the first analysis of our country's new economic normality,new finance and new requirements for financial supervision,then tests empirical analysis of our country's financial supervision efficiency in this context by using econometric testing method of Random Walk;finally it concludes that our country's financial market did not come to reach the type of weak efficiency state,which further identifies the main present problems of financial supervision,it can provide the basis for the recommendations of Financial Supervision innovation policy below;then provides effective and suitable policy recommendations of the financial supervision innovation,they are primarily the establishment of a sound legal system of financial supervision,the strengthening of coordination among financial regulators,the establishment of a goal-oriented unified supervision mode,the strengthening and improving the self-regulation of financial institutions,the implementation of the inverse cycle financial supervision,and improvement of the financial regulator's system,so that our financial supervision can catch up with the development features and requirements of financial market,improve the efficiency of financial supervision,and maintain the security and stability of the financial system;Section seven is conclusions and outlook,it summarizes the main conclusions of this paper,and then the author of this paper puts forward his own views about future development trend of our country's financial supervision reform.