跨境金融监管的创新机制研究——以粤港澳大湾区建设为视角

Research on Innovative Mechanisms for Cross-border Financial Regulation:A Perspective from the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area

在2008年金融危机后世界范围的监管反思浪潮中,很多国家都认识到跨境监管对世界金融体系稳定的重要作用,从而进一步将跨境金融监管合作机制化和常态化。粤港澳大湾区金融服务既有跨境金融的开放,又有金融监管法域不同的协调难题,是探索我国域内金融监管创新机制的重点。尽管粤港澳大湾区具有跨境金融监管的基础,但在监管体制和机制上仍面临着来自监管协同、区际法律冲突等现实问题和挑战。因此,可以借鉴境外跨境监管经验,采取创新跨境金融监管的顶层设计、创新使用跨境监管工具、推进建立统一的城市间跨境监管机构等机制,提高跨境监管的针对性和有效性,守住不发生系统性风险的底线。

In the wave of worldwide regulatory reform following the 2008 financial crisis,many countries have recognized the importance of cross-border regulation in the world financial system.The financial services in the Greater Bay Area of Guangdong,Hong Kong and Macao are all open to cross-border financial services and have coordination problems in different financial regulatory jurisdictions,which is the focus of financial regulatory innovation.Although the Greater Bay Area has the foundation for crossborder financial regulation,it still faces challenges in its regulatory system and mechanism of regulatory coordination,such as interregional issues and conflicts of laws.Therefore,we can learn from the experience of foreign cross-border regulation and adopt innovative cross-border financial regulation measures,such as the top-level design,innovative use of cross-border regulatory tools and a unified city-to-city cross-border regulatory body,to improve the pertinence and effectiveness of cross-border regulation,and to prevent systemic risk.