Research on the Development of Chinese Financial Supervision System

DOI

10.2991/ieesasm-17.2018.31How to use a DOI?

Keywords

Financial Supervision System, Development and Countermeasures

Abstract

A very important reason for the outbreak of the subprime mortgage crisis in the United States is that the financial regulatory system has failed to keep up with the pace of financial innovation, resulting in the lack of regulation. "Capital firewall" makes our financial market in the subprime mortgage crisis affected relatively small, reflecting the effectiveness of China's financial regulation. However, it also shows the backwardness of China's financial innovation. China's financial market must sooner or later be integrated into the international financial environment. With the rapid development of global financial markets, new financial products are constantly emerging, more derivatives, longer industrial chains and more hidden financial risks make the prevention and supervision of the financial crisis increasingly difficult. The purpose of financial supervision is to reduce the occurrence of financial risks, maintain the stability of financial order, ensure the correct implementation of monetary policy and promote economic development. Establishing and perfecting the modern financial regulatory system is not only the objective requirement of economic globalization and financial liberalization, but also the fundamental guarantee for the purpose of financial supervision. The subprime mortgage crisis in the United States has undoubtedly provided lessons and lessons for the prevention and regulation of China's financial risks and has important implications for the improvement of China's financial regulatory system.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chao Lv
PY  - 2018/01
DA  - 2018/01
TI  - Research on the Development of Chinese Financial Supervision System
BT  - Proceedings of the 2017 5th International Education, Economics, Social Science, Arts, Sports and Management Engineering Conference (IEESASM 2017)
PB  - Atlantis Press
SP  - 150
EP  - 154
SN  - 2352-5398
UR  - https://doi.org/10.2991/ieesasm-17.2018.31
DO  - 10.2991/ieesasm-17.2018.31
ID  - Lv2018/01
ER  -