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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Study on the Legislative Perfection of China's Supervision for Foreign Banks under the Mode of Mixed Operation

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DOI: 10.25236/icebfm.2019.023

Author(s)

Liu Hongfeng

Corresponding Author

Liu Hongfeng

Abstract

Recently, with stressful competition among traditional commercial banks, financial service innovation is imperative under the maturity of risk control technology in commercial banks, and the mixed operation mode is gradually developing and prevailing in financial industry. Western developed countries are bound to adopt this mode to carry out financial business in China, putting forward new requirements for the laws and regulations of supervision for foreign banks in our country. With the continuous development and extension of business, corresponding perfection should be made so as to play a better regulatory and normative role, to better guarantee the healthy development of domestic banks and foreign banks and handle the domestic situation well. The competitive relationship between banks and foreign banks will safeguard the order and stability of China's financial market.

Keywords

Mixed business model, commercial banks, banking regulation, financial law