abstract: the trend in the financial opening up,the field of international financial cooperation h**e been strengthened,and china's financial system ** in a closed economy set up with the situation,the corresponding level of economic development constraints,the formation of a strict financial controls,financial superv**ion and inadequate situation,in an open situation,such a closed financial system ** bound to be adjusted.how to establ**h and perfect china's financial superv**ion and appropriate level of financial superv**ion system,china's financial industry to meet the needs of development,china's financial industry has been the development of an important **sue.th** article from the financial opening up of financial superv**ion and the impact of start,in view of the current financial regulatory system ex**ting problems,put forward the reform of china's financial superv**ion system of policy recommendations. key words:financial opening up financial superv**ion;financial regulatory system