Conceptualizing the Regulatory Thicket: Chinas Financial Markets after the Global Financial Crisis

This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in Chinas financial market after the global financial crisis. The book provides an in-depth analysis of Chinas contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed Chinas banks into more market-oriented institutions and increased public sector growth. However, Chinas financial market and financial regulation have some inherent weaknesses and deficiencies. This book also offers insights into how this can be improved or adapted to minimize systemic risks in Chinas financial sector. This book tries to prove that financial regulation is not just a vehicle for maintaining efficient financial markets but a primary tool through which the Chinese government achieves its political and economic objectives. More fundamentally, according to the law and finance theory, strong market and vibrant judicial systems are needed to further modernize Chinas financial markets and market economy.

The book will be a useful reference for anyone interested in learning from the Chinese experience.