证券时报记者 陈中

The securities times reporter Chen zhong

　　随着前海先行先试政策的获批，前海金融改革创新政策进入细化落实阶段，而前海在金融监管方面的改革方向也逐渐浮出水面。业界专家建议，在前海实行金融混业监管的“一行一会”制。

Along with the sea before first foretaste policy approved,Sea before financial reform and innovation policy into refining implementation of phase,The sea in the financial regulatory reform direction also gradually emerging.Industry experts suggest,In the former sea implement financial mixed supervision"A line for a while"system.

　　国务院在批复文件中指出，支持前海在金融改革创新方面先行先试，建设我国金融业对外开放试验示范窗口。前海管理局经营发展处处长王锦侠此前接受记者采访时就曾表示，前海的金融创新政策不是简单、机械地落实，而是创新性落实。国家批复的金融改革创新政策为前海留下了很大的操作空间。

The state council approval documents in that,Support the former sea in the financial reform and innovation first try to beforehand,The construction of the country's financial industry opening test demonstration window.Sea before administration management development marshal WangJinXia previously when accepting a reporter to interview had said,The sea before financial innovation policy is not simple/Machinery to carry out,But innovative implement.National rights of financial reform and innovation policy for the former sea left a lot of operating space.

　　曾参与《前海金融产业专项规划》的社科院世界经济与政治研究所国际金融研究室副主任刘东明告诉证券时报记者，在提供给前海管理局的报告中明确提出，建议在前海试验“一行一会制”的金融监管架构即一个人民银行分行，一个金融监管委员会。这意味着，前海或将成为中国内地首个尝试金融混业监管的地区。

Participated in[Sea before the financial industry special planning]The institute of world economics and politics at academy of international finance, deputy director of the laboratory LiuDongMing tell securities times reporter,In providing to sea before administration put forward in the report,Suggestions in the sea before test"A line for a while system"Financial regulatory framework that is a people's bank branches,A financial regulatory committee.This means that,Former sea or will become China's first attempt to financial mixed supervision areas.

　　“在形成"一行一会"的过程中，可以先成立一个金融监管协调局，让协调局对"一行三会"的监管职责进行协调。经过协调后，再合并"三会"，变成金融监管委员会。这个是我们提出的一个目标。”刘东明说，“最终目标是形成"一行一会制"。”

"In the formation"A line for a while"process,We can set up a expanded financial supervision,Let expanded to"A line of three will"The responsibility of supervision and regulation of the coordinate.After coordination after,remerge"Three will",Into the financial regulatory committee.This is our proposed a goal."Liudong testified,"The ultimate goal is to form"A line for a while system"."

　　前海咨询委员会成员谢涌海也持相同观点。他认为，随着前海金融业的蓬勃发展，前海在金融监管的顶层设计方面，需要采取混业监管的模式；超级金融管理局，而不是现在的“一行三会”模式或将更适合前海。

Sea before advisory committee members XieChong sea also hold the same view.He thinks,Along with the vigorous development of the financial industry sea before,Sea before in the top of the financial supervision design aspects,Need to take mixed supervision mode;Super financial administration,Not now"A line of three will"Mode or will be more suitable for sea before.

　　谢涌海表示，未来前海的金融机构可以混业经营，也可以跨境运作，而前海的金融监管机构需要一个崭新的管理模式。“金融业需要监管，监管模式也需要不断地更新，跟国际接轨，发展适合我们自身的监管模式。”谢涌海说。

XieChong sea said,The future of the sea before financial institutions can be mixed operation,Can also cross-border operation,The sea of financial regulators need a new management mode."The financial industry needs supervision,Supervision mode also need to constantly update,With international standards,Development suitable for our own supervision mode."XieChong sea said.

　　实际上，在金融机构普遍混业经营、金融创新产品层出不穷的背景下，金融混业监管早已成为国际趋势。在我国，关于推行金融混业监管的讨论也一直没有停息。然而，“分开容易，合并难”，业内人士分析说，在中国现有的行政体系下，部门合并的难度要远远大于部门拆分。此外，关于是否混业监管的效果一定比分业监管好，目前也没有定论。

In fact,In the financial institutions generally mixed operation/Financial innovation under the background of products emerge in endlessly,Financial mixed supervision has become an international trend.In our country,About the implementation of financial mixed supervision discussion also has not cease.however,"Separate easily,Merger difficult",The personage inside course of study says,In China's existing administrative system,The difficulty of the departments merger is far greater than the resolution department.In addition,About whether the effect of mixed supervision must score industry supervision good,There are no conclusion.

　　“前海的很多金融改革创新设想只适合先做后说，媒体往往是帮了倒忙，一旦被公开报道，会产生更大的阻力。”前海管理局一位内部人士如是说。

"Sea before a lot of financial reform and innovation idea is only suitable for the first said after,The media is often helped but busy,Once they are public reports,Will produce greater resistance."Sea before administration a insiders said.