The Historical Processof and Optimization Approach to Reforming Local Financial Regulatory System in China
Under the conditions of socialist market economy,implementing high-quality financial regulation is an important guarantee for the healthy and sustainable development of China's economy.Moreover,the reform of local financial regulatory system is a funda-mental and strategic project to build a modern economic system.Since the establishment of the People's Republic of China,our local financial regulatory system has evolved through several phases in which regulatory functions were intertwined with business operations,followed by local government engagement in regulation,transitioning to a single-layered central oversight model,and ultimately reac-hing a stage characterized by tiered central-local regulatory collaboration.In the face of such realistic predicaments as unclear division of powers and responsibilities for local financial regulation,difficulty in striking a balance between strengthening regulation and promo-ting economic development,and inadequate legal protection for local financial regulation,it is necessary for the reform of the local fi-nancial regulatory system in the new era and new journey to focus on establishing a centralized and unified leadership system for finan-cial work of the Party,optimizing the responsibilities of local financial regulatory department,clarifying the establishment of local finan-cial committee offices,strengthening the construction of the rule of law in the field of local financial regulation,and improving the local financial regulatory system mainly composed of local dispatched agencies of the central financial management department.
local financeregulatory systemdivision of powers and responsibilitiesoptimization approach
万方数据
维普
