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International Journal of New Developments in Engineering and Society, 2019, 3(4); doi: 10.25236/IJNDES.030411.

Further Strengthening Financial Supervision and Effectively Preventing Financial Risks

Author(s)

Wang Tai-ping

Corresponding Author:
Wang Tai-ping
Affiliation(s)

School of Economics and Management.Urban Vocational College of Sichuan, Chengdu 610101,China

Abstract

With the continuous development of the economy, the importance of the financial industry in the national economy has become increasingly prominent. Financial activities and people's lives are closely linked. Financial globalization has greatly promoted the economic and financial development of various countries, but at the same time it has brought serious challenges and risks to all countries. Financial supervision plays an important role in preventing financial risks. The degree of financial supervision directly determines the possibility of financial risks. The problems faced by China's supervision are that the information disclosure mechanism is not perfect, the current regulatory legal system is not perfect, and the financial management of local financial institutions is chaotic and the financial supervision work has been weakened for a long time. This has not only triggered financial risks, but also brought heavy pressure on local finance. The purpose of this paper is to prevent financial and financial risks. This paper proposes the basic ideas for improving the financial system and financial supervision system of China's financial enterprises.

Keywords

Finance; Supervision; Finance

Cite This Paper

Wang Tai-ping. Further Strengthening Financial Supervision and Effectively Preventing Financial Risks. International Journal of New Developments in Engineering and Society (2019) Vol.3, Issue 4: 70-76. https://doi.org/10.25236/IJNDES.030411.

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