The Reflection on China's Financial Regulators' Supervising Legal System

Abstract

China has not established a sound financial accounting system for regulators for years. The reasons for this problem could be listed in the following: the deficient accountability concept, unscientific financial supervision mechanism and the lack of public participation in the legal mechanism selection. Therefore, re-examining the concept of accountability of financial regulators, improving the main the main system of accountability based on perfecting the legislature, the ruling party, the executive, the judiciary, other stakeholders and international financial organizations and behavior have been become inevitable.