The Selection and Improvement of China's Financial Regulatory Model under the Financial Crisis

The global financial crisis triggered by US subprime mortgage crisis is a comprehensive test for national financial supervisory model. By analyzing the malpractice of US regulators pattern and US government' response to the crisis, we have found that in the prevention and control of financial risks and maintain financial security, strengthen financial regulation and financial innovation should go hand in hand. We also believe that a sound and efficient financial regulatory mechanism must be comprehensive coordinate with the legislative, administrative law enforcement and judicial. Despite China's current financial regulation model is essential for China's national conditions, but we still should reform and improve the situation based on reality and the future development.