To put it simply, the sunshine financial supervision system is the carrier for the financial supervision mechanism to effectively function, including automatic supervision and independent supervision. A complete supervision system should be closed. In other words, the entire supervision system is composed of a complete supervision "chain". In this "chain", it includes both the supervision of the supervisor by the supervisor and the supervision of the supervisor, thus forming a "circular" supervision system. If a supervision system is not closed, or in other words, there is a "gap" in the supervision system, and the supervisor cannot be the person being supervised at the same time, then such a supervision system cannot achieve effective supervision. According to the connotation and extension of financial supervision, a closed supervision system consists of an automatic supervision system and an independent supervision system.

Since the automatic supervision system plays a supervisory role in the process of financial activities, the automatic supervision system is included in the system composed of various subjects participating in financial activities, and is closely related to the government The allocation of financial functions is closely linked. Its basic components mainly include laws, regulations and rules, institutions that perform financial functions, and other units and individuals involved in financial activities. A scientific, reasonable and complete legal and regulatory system is the primary condition for whether the "automatic supervisor" can effectively function. It depends on the level of legislation or legal construction of a country. The institution that performs financial functions is the unit that implements laws, regulations and systems, and is the core element of whether the "automatic supervisor" can effectively function. It depends on whether the functional configuration is scientific and reasonable, or whether it achieves both "division of labor" and "checks and balances" purpose. In addition, the ability of these institutions to perform financial functions is also an important factor affecting the effectiveness of the automatic supervision system. Other units and individuals involved in financial activities are important conditions for the effective functioning of the "automatic supervisor", which is determined by their willingness to comply with national laws, regulations and systems and their ability and environment to safeguard their legitimate interests. An effective automatic supervision system can not only greatly reduce supervision costs and improve the efficiency of the use of financial resources, but also effectively solve supervision difficulties caused by information asymmetry.

The autonomous supervision system consists of two parts: administrative supervision and external supervision. Administrative supervision is implemented through the financial supervision agencies and tax inspection agencies of the financial department. Its basic components mainly include the laws and regulations for exercising supervisory power and the establishment of supervisory agencies. The key to this kind of institutional arrangement is the relative independence of supervisory power and the legal protection of sufficient administrative supervision power, that is, supervision has legal protection, independent responsibilities, independent authority, reasonable organization, and personnel with the necessary qualities to perform supervisory duties. The establishment of administrative supervision agencies is a fundamental measure to solve the problem of restricting power with power from an institutional perspective, but there are also flaws in supervision. This mainly fails to solve the problem of who will supervise the supervisors. Because administrative supervision agencies are organizational and political forces within the same power "pyramid", supervisors and supervisees have consistency in interests, values, work styles and ways of thinking, making it difficult to form effective supervision. and supervised mechanisms. In addition, how to perform administrative supervision functions more comprehensively and how to reduce supervision costs is also an important issue in administrative supervision. After repeated exploration and practice, based on the systematic correlation of social factors, setting up an external supervision network is an effective way to solve and overcome the shortcomings of administrative supervision. Since external supervision of the process of financial activities usually comes from outside the government administrative system, its contents include supervision by legislative bodies, judicial organs, auditing agencies, social groups and the public, and news supervision. Comparatively speaking, administrative supervision agencies are internal functional agencies as an important part of financial activities. Administrative supervision can better solve the problems of increasing economic costs and information asymmetry of external supervision networks.