From the Perspective of Financial Power,the path of the "Central-local" Double-layer Supervision System of Local Finance is Improved
In order to effectively prevent the occurrence and spread of local financial risks,China has gradual-ly built a two-tier regulatory system of local financial"central-local",but the practical effect is not ideal,and there are practical problems such as different value orientations of"central-local",lack of legal basis,unclear scope of"central-local"supervision,imbalance of rights and responsibilities,information asymmetry,and insufficient ca-pacity of local governments.Therefore,the state needs to strengthen high-level legislation in light of practical needs,change the concept of financial supervision,clarify the scope and boundaries of power and responsibility of the"central government-local"financial supervision,establish an information sharing platform,and set up a corre-sponding external supervision and accountability system,so as to promote the formation of a joint force of financial supervision between the"central government and the local government"and co-governance in accordance with the law.
financial powerlocal financial"central-local"two-tier supervision system
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