On the Financial Supervision System of Ming Dynasty

To carry out fiscal policy and promote economic development and social stability, the feudal rulers of Ming Dynasty vigorously adopted financial supervision. Thus, Financial supervision system was established and relevant laws and regulations were enacted and perfected. The highly effective financial supervision contributed to a century long thriving and prosperous early Ming Dynasty. Also, the financial supervision system which was characterized by its service for centralization of monarchy, the financial supervision organization which was set up according to administrative division and the division and overlap of its duties which constituted a multi level and full dimension supervisory network were all typical of Ming Dynasty.