Since the establishment of Hainan Province, from the establishment of special economic zones, to the construction of international tourism island, and then to the construction of Hainan free trade port, Hainan's financial industry has advanced in setbacks. The implementation of high-quality financial supervision is an important guarantee for the innovation and opening of the financial industry in Hainan Free Trade Port. At present, there are realistic difficulties in the financial development of Hainan Province, such as the imbalance between financial innovation and financial supervision, insufficient institutional setup and personnel, and imperfect legal protection of financial supervision. In the future, the financial supervision reform of Hainan Free Trade Port should further improve the local financial supervision and management system at the city and county levels, strengthen the rule of law construction in the field of local financial supervision, and optimize the responsibilities of local financial supervision departments.

Yifei Fang, Runsheng Zhang. Financial Supervision and Path Optimization in Hainan under the Background of Hainan Free Trade Port Construction. Academic Journal of Business & Management (2024) Vol. 6, Issue 7: 103-109. https://doi.org/10.25236/AJBM.2024.060714.

[1] Tang Huangfeng, Cui Yang. Historical process and optimization approach of local financial supervision system reform in China [J]. Journal of Xiangtan University (Philosophy and Social Sciences Edition), 2024,48(02):27-34+40

[2] Tan Yichu. Financial development Status of Hainan Free Trade Port and financial risk prevention and control [J]. Journal of Hainan Institute of Tropical Oceanography,2024,31(01)

[3] Wang Lei, Chen Jing, He Jing. The reform of local financial supervision and the return of real enterprises to their roots: a quasi-natural experiment based on local financial "promotion bureau" [J]. Journal of Economics and Economics, 2018,50(01):19-33.

[4] Qu Wendi. Research on Legal Issues of Allocation of Local Financial Supervision Power [D]. East China University of Political Science and Law,2023.

[5] Fang Yifei. Implementation of regulatory sandbox in the construction of Hainan Free Trade Port [N]. Chinese Journal of Social Science, 2020,9.24