Improve the Financial Management System of Local Government -Based on the Perspective of Institutional Reform of Local Government in China

As the financial system reform got deeper and deeper and government's financial regulators and state-owned large scale financial organizations enhanced their control and leadership by taking power back in China, problems of inconsistency between local financial development and financial services arose. Moreover, the problem turned out to be worse under the trend of financial localization. Local government was an indispensable part for regional financial development and administration, however, relevant financial administrative system was far from perfect. "Financial office", being a reform endeavor of department for local government's financial regulation and an innovation of financial administration mechanism, still had problems of vague function and uncertain definition. As a result, in terms of the "regional coordination" between local and central government in government system reform, to establish a financial administrative coordinating system between local and central financial administration organizations, which characteristic of clear division of work, explicit responsibilities and joint cooperation, was comparatively a better resolution.