A Research On Status Quo,Problems And Countermeasures Of Local Government Financial Supervision

At present,financial supervision is an issue worthy of attention in the economic development of all countries in the world.In China,with the further development of economy and the continuous promotion of local financial innovation,local financial institutions have become a powerful driving force for local economic growth,which puts forward higher requirements for local financial supervision.However,due to the late start and small scale of local financial institutions,they have not received the corresponding regulatory attention.If they are not supervised in time and effectively,they will destroy the local financial order and stability.Moreover,the vertical supervision mode of "PBOC,CBIRC,CSRC" in China is difficult to achieve supervision.Therefore,it is important and necessary to study the financial supervision of local governments.The research goal of this paper is the problems,measure and status quo of local government financial supervision,takes J city of Zhejiang Province as the research object,analyses the current situation and problems of local government financial supervision of J city,refers to the advanced experience of local government financial supervision of other cities in China,and combines the actual situation of J city to analyze and put forward to improve the financial supervision of J City.The article is divided into six parts: The first part,through consulting the relevant literature,learning the domestic and foreign research on local government financial supervision,puts forward the research ideas of this paper,specifically using literature analysis,investigation and analysis,case analysis to study local government financial supervision.The second part elaborates the concepts of financial and local finance,central government,"PBOC,CBIRC,CSRC" and local government financial supervision,and analyzes and links the concepts.It clarifies the similarities and differences between provincial(municipality directly under the Central Government)and prefecture-level municipal the financial supervision responsibilities of local governments.It puts forward that this paper focuses on the local financial supervision of prefecture-level municipalities,and introduces the relevant theories of local government financial supervision.The third part introduces the history and situation of local government financial supervision in China,and then analyses the situation of local government financial supervision in J city.The fourth part,according to the situation of J City financial supervision analyzed in the third part,puts forward the existing problems of J City local government financial supervision,and explores the causes of the problems.The fifth part,referring to and summarizing the experience of local government financial supervision in Beijing and Wenzhou,analyses the measures suitable for local government financial supervision in J city.The sixth part puts forward some suggestions financial supervision of local governments in J city,including formulating the local financial supervision and regulation policies of J city,improving the local financial supervision system of J city,clarifying the financial supervision power of institutions at all levels in J city,and improving the quality of financial supervision in J city.With the promotion of regulatory efficiency,the credit system of J City is created,and it is expected that these measures can provide a reference for local governments to strengthen local financial supervision.