Description
Conceptualizing the Regulatory Thicket
China's Financial Markets after the Global Financial Crisis
Routledge Research in Finance and Banking Law Series
Language: EnglishSubjects for Conceptualizing the Regulatory Thicket:
Keywords
Chinese Government; Shadow Banking; Shadow Banking Sector; financial regulations; Underground Lending; Chinese economy; P2P Lending; Chinese banking sector; China’s Banking Sector; financial markets; Renminbi Internationalization; Vibrant judicial systems; Interbank Bond Market; China's contemporary financial regulatory system; P2P Lending Platforms; Banking sector; China’s Shadow Banking; Law and finance theory; Offshore RMB; Financial Repression; China’s Financial System; China’s Gdp; Lending Market; Chinese Banks; China’s Financial Market; Dim Sum Bonds; P2P Platforms; China’s Bond Market; Mor; Sharing Economy; Shadow Banking System; Renminbi Bonds; Deposit Reserve Ratio
Publication date: 04-2022
Support: Print on demand
Publication date: 10-2020
· 15.6x23.4 cm · Hardback
Description
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This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China?s financial market after the global financial crisis. The book provides an in-depth analysis of China?s 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 China?s banks into more market-oriented institutions and increased public sector growth. However, China?s 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 China?s 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 China?s financial markets and market economy.
The book will be a useful reference for anyone interested in learning from the Chinese experience.
1 Changing landscapes and persisting puzzles; 2 A multi-tiered capital market solution to non-performing loans and the debt crisis; 3 Small, big, and deadly: Is opening the banking sector a mission impossible?; 4 Private lending and regulatory responses: A pluralistic analysis; 5 P2P lending in the dilemma of the sharing economy; 6 Three paradoxes of shadow banking: A political economy paradigm; 7 Renminbi internationalization: State-driven pragmatism; 8 By way of conclusion: Finance and regulation in the jungle; Bibliography
Shen Wei is the KoGuan Distinguished Professor of Law at Shanghai Jiao Tong University Law School. He is also Global Professor of Law at New York University School of Law, L Bates Lea Visiting Professor of Law at Michigan Law School, Visiting Professor of Law at Tel Aviv University Faculty of Law, the Copenhagen Business School Law Department, National University of Singapore Law School, University of Hong Kong Faculty of Law, and the Singapore Management University Law School.