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Analysis of Financial Supervision under the Supervision of Mixed Operation

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DOI: 10.23977/accaf.2022.030105 | Downloads: 23 | Views: 973

Author(s)

Duan Feng 1

Affiliation(s)

1 Lanzhou University of Technology, Lanzhou, Gansu, 730050, China

Corresponding Author

Duan Feng

ABSTRACT

Today, China is in an era of major financial changes, and the reform of financial supervision has attracted much attention. The financial industry has also shown a booming trend under the influence of the state and the market. Since the establishment of the China Banking Regulatory Commission in 2003, China has implemented a 16-member financial supervision system with a history of 15 years. In March 2018, it formed a mode of one committee and two sessions, representing the transition from separate supervision to mixed supervision in China. At present, China’s financial supervision still exists. Many problems, such as the lack of systems and the uneven quality of employees, have seriously affected the development of China's financial industry. Starting from the theory and practice of financial supervision, this paper first explains the research background and the domestic and international views on financial supervision under mixed operation, and analyzes the status and trend performance of financial market subject supervision under mixed operation in China. Secondly, it summarizes the status and problems faced by China's financial supervision, analyzes and draws on the excellent experience of financial supervision systems in several developed countries, and proposes the basic suggestions for improving China's financial supervision system under mixed operation according to China's basic national conditions. First of all, we should improve the financial supervision mechanism, improve the information disclosure system and play a role in market restraint, and strengthen the joint supervision and standardization of financial holding companies. Secondly, the standardization of financial holding companies and the legislation of subsidiaries should be strengthened. Third, build an effective risk rating, early warning and exit mechanism. Finally, the international cooperation of financial regulatory institutions should be strengthened.

KEYWORDS

Mixed Operation, Financial Supervision, Problem Analysis, Foreign Reference

CITE THIS PAPER

Duan Feng, Analysis of Financial Supervision under the Supervision of Mixed Operation. Accounting, Auditing and Finance (2022) Vol. 3: 21-30. DOI: http://dx.doi.org/10.23977/accaf.2022.030105.

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