Institutional Structure of Financial Regulation in China: Lessons from the Global Financial Crisis

Journal of Corporate Law Studies, Vol. 10, pp. 219-254, 2010

36 Pages Posted: 25 Nov 2009 Last revised: 23 Oct 2015

See all articles by (Robin) Hui Huang

(Robin) Hui Huang

Chinese University of Hong Kong - Faculty of Law; 华东政法大学(East China University of Political Sicence and Law); University of New South Wales - Faculty of Law

Date Written: November 23, 2009

Abstract

In light of the recent global financial crisis, this article aims to critically examine China’s financial regulatory structure and based on the results of such examination, set out reform proposals for China. At present, China adopts a traditional sectoral system of financial regulation, which has exhibited several inadequacies in meeting the regulatory challenges in a rapidly changing market. In quest of a solution to the problem, a comparative analysis is conducted of the financial regulatory regime in some advanced economies including the US, the UK and Australia, each of which is representative of a distinct regulatory model. When looking to these overseas experiences for guidance, regard is had not only to their objective advantages and disadvantages, but also to the local conditions in China. It is concluded that the US model merits consideration in the short term, and with the further growth of China’s financial markets in the long run, the Australian model provides the preferred direction for reform over the UK model.

Keywords: Financial Crisis, Financial Regulation, Chinese Law, Comparative Study

JEL Classification: K22, E44, G15

Suggested Citation

Huang, (Robin) Hui, Institutional Structure of Financial Regulation in China: Lessons from the Global Financial Crisis (November 23, 2009). Journal of Corporate Law Studies, Vol. 10, pp. 219-254, 2010, Available at SSRN: https://ssrn.com/abstract=1512105

(Robin) Hui Huang (Contact Author)

Chinese University of Hong Kong - Faculty of Law ( email )

Shatin, New Territories
Hong Kong
852-39431805 (Phone)
852-29942505 (Fax)

HOME PAGE: http://www.law.cuhk.edu.hk/people/huang-hui-robin.php

华东政法大学(East China University of Political Sicence and Law) ( email )

1575 Wanhangdu Rd.
Changning, Shanghai 200042
China

University of New South Wales - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia
61-2-9385 9649 (Phone)
61-2-9385 1175 (Fax)

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