Research On Legal Supervision System Of Market Access Of Foreign Banks In China

The trend of financial globalization makes foreign banks play an important role in China’s financial industry.Foreign banks with a healthy and orderly development can not only attract foreign capital,provide high-quality international financial services for the host country,but also help to build a fair competition environment for the banking industry,promote the development of the local banks,banking industry and even the overall economy of the host country.However,the inherent transnational nature of foreign banks and the large scale of funds in their business may cause a strong influence on the host country’s economy.Therefore,as the first step for foreign banks to enter the host country,the research and design of the legal supervision system for foreign banks’ market access is of great significance.From 2015 to 2018,in order to cooperate with the relaxation of market access restriction policy,China authorities have made constant changes in the legislation of market access supervision for foreign banks,which has promoted the further opening of the banking industry to the outside world.At the same time,with the rapid development and renewal of the world financial industry,new contradictions and difficulties have arisen in the process of balancing the supervision and opening up,including the legal person in the form of market access,contradictions of orientation and other forms of legislative gaps,inadequacies of software conditions inspection system on access conditions,and sluggishness of international regulatory cooperation system,etc.Based on the latest institutional changes and legislative purposes,this paper analyses the above problems existing in the current system,and puts forward suggestions for improvement by referring to the experience of the United States and Singapore.The first part is the introduction,which mainly elaborates the background and significance of the topic,summarizes the existing theoretical achievements of the academic circles,and explains the research methods and innovations of this paper;the second part is the overview of relevant theories,interprets the legal definitions of several key concepts involved in this article,and introduces the main guiding principles of legal supervision of market access for foreign banks in the world;the third part is the introduction of the relevant theories.The fourth part summarizes the experience of the design of the legal supervision system of foreign banks market access in the United States and Singapore,explains the reasons for choosing these two countries as reference obj ects,and collates the points worth learning from.The fifth part is the more specific suggestions for improvement based on the above contents.Including the establishment of a unified overall legislative system to improve the effectiveness of legislation,the specific forms and conditions of market access supervision,as well as strengthening the construction of home-country consolidated regulatory system to improve international regulatory cooperation.