The financial regulatory obligation and organizational framework of various provinces in China show great differences.
The reform of local financial regulatory system should follow the market-orientated principle.
Financial regulation is in line with macro-management and should follow some basic principles of management.
There are two types of financial holding groups in China, which are commonly known as business type and non-business type (banks).
For China’s financial regulation and management reform, some financial regulatory reform measures must be improved relating to financial development approach, risk awareness and government management model.