Conceptualizing the Regulatory Thicket: China's Financial Markets after the Global Financial Crisis

This book examines the regulatory framework, objectives, logics, instruments, failures, and responses in China's financial market after the global financial crisis. It argues that the controlled development of the banking sector has transformed China's banks into more market-oriented institutions, but there are inherent weaknesses and deficiencies. It suggests that strong market and judicial systems are needed to further modernize China's financial markets and market economy.

Format: Paperback / softback
Length: 356 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate regulatory framework, objectives, logics, instruments, failures, and responses in China's financial market following the global financial crisis. It offers a detailed analysis of China's contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By integrating public and private interest theories related to financial regulation, the book argues that the controlled development of the banking sector and the financial sector as a whole has transformed China's banks into more market-oriented institutions and contributed to increased public sector growth. However, it acknowledges that China's financial market and regulatory framework possess certain inherent weaknesses and deficiencies.

Furthermore, the book provides valuable insights into how these weaknesses can be addressed and improved to mitigate systemic risks in China's financial sector. It emphasizes that financial regulation is not merely a means to maintain efficient financial markets but a crucial tool through which the Chinese government achieves its political and economic objectives.

In line with law and finance theory, the book advocates for the development of robust market mechanisms and a vibrant judicial system to further modernize China's financial markets and market economy. It will serve as a valuable resource for scholars, policymakers, and practitioners interested in learning from China's experiences and exploring opportunities for regulatory reform and development.

Weight: 660g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367563059