CAJ | 학술논문

中国金融监管当局处于监管金字塔的顶端，其治理水平的高低严重影响着金融业的安全与稳定。然而，目前鲜有文献对中国金融监管治理的实务操作进行量化研究。那么，怎样才能对金融监管当局做出合理评价？中国的金融监管治理有效吗？在借鉴国际经验的基础上，本文构建了金融监管治理有效性评价指标体系，包含：监管独立性、监管责任性、监管透明度和职业操守4个一级指标，30个二级指标，并以中国银行业为例设计了调查问卷开展量化评价，以检验金融监管治理的有效性。研究发现：总体上，2012年中国银监会的监管治理水平比2011年有所提高，监管独立性、监管透明度和职业操守这三个维度显著提高了中国银监会的监管治理水平，但监管责任性并未能发挥其应有的作用。本文结论为评价中国金融监管治理提供了经验证据，对国家制定增强金融监管治理有效性的相关政策具有重要参考价值。
중국금융감관당국처우감관금자탑적정단，기치리수평적고저엄중영향착금융업적안전여은정。연이，목전선유문헌대중국금융감관치리적실무조작진행양화연구。나요，즘양재능대금융감관당국주출합리평개？중국적금융감관치리유효마？재차감국제경험적기출상，본문구건료금융감관치리유효성평개지표체계，포함：감관독립성、감관책임성、감관투명도화직업조수4개일급지표，30개이급지표，병이중국은행업위례설계료조사문권개전양화평개，이검험금융감관치리적유효성。연구발현：총체상，2012년중국은감회적감관치리수평비2011년유소제고，감관독립성、감관투명도화직업조수저삼개유도현저제고료중국은감회적감관치리수평，단감관책임성병미능발휘기응유적작용。본문결론위평개중국금융감관치리제공료경험증거，대국가제정증강금융감관치리유효성적상관정책구유중요삼고개치。
Chinese financial regulatory authority is at the top of the regulatory pyramid, and its governance level seriously affects the safety and stability of the financial industry. However, there are very few quantitative studies on the practical operation of China＇s financial regulatory governance. And how can we make a reasonable assessment of Chinese financial regulatory authority？ Is China＇s financial regulatory governance effective？ Based on the international experience, this paper constructs China＇s financial regulatory governance effectiveness assessment indicator system, including 4 primary indicators, regulatory independence, regulatory accountability, transparency and integrity, and 30 secondary indicators, and takes the banking industry as an example to design questionnaire and to carry out quantitative evaluation in order to test the implementation effect of China＇s financial regulatory governance. The study shows that： on the whole, Chinese CBRC regulatory governance level of 2012 is higher than that of 2011, and the three dimensions--regulatory independence, regulatory transparency and integrity--significantly improved the regulatory governance level of Chinese CBRC, but regulatory accountability failed to play its role. The conclusion provides empirical evidence for the assessment of China＇s financial regulatory governance, and has important reference value for China to introduce related policies of enhancing financial regulatory governance effectiveness.