China’s Legal Reponses to the Global Financial Crisis: From Domestic Reform to International Engagement

(2010) 12 Australian Journal of Asian Law 157

25 Pages Posted: 4 Sep 2012

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: February 16, 2011

Abstract

This article aims to identify and examine the key issues impacting China’s financial regulation in light of the recent global financial crisis (GFC). The investigation generates a number of important findings. First, the effects of the GFC on China’s financial system have been relatively mild. However, this is largely owing to its lack of financial sophistication and isolation from the global markets. Second, China’s domestic responses to the GFC have been quite effective, but at the same time it has serious side-effects for China’s financial regulation. Third, China is well-positioned to embrace new international standards such as those contained in the Basel III Accord. This article sets forth suggestions for reform of China’s domestic financial regulatory structure, and evaluates the steps China has taken towards playing a bigger role in the future development of international financial regulation.

Keywords: Global financial crisis, financial regulation, China, Basel III Accord

JEL Classification: B22, G15, G38, K22

Suggested Citation

Huang, (Robin) Hui, China’s Legal Reponses to the Global Financial Crisis: From Domestic Reform to International Engagement (February 16, 2011). (2010) 12 Australian Journal of Asian Law 157, Available at SSRN: https://ssrn.com/abstract=2140637

(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/app/people/prof-robin-huang/

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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