Studies on the Financial Innovation Supervision under Subprime Mortgage Crisis and its Enlightenment to China

The lag of financial innovation supervision is the important reason of subprime mortgage crisis rapidly expanding,this has exposed the defects of the U.S.financial regulatory system in the supervision of financial innovation,but there are some common questions in our country with the United States in supervision of financial innovation.Article discusses a number of enlightenment from the U.S.subprime mortgage crisis and the financial regulatory reform,and draw some lessons to improve our country's financial regulatory system.