Reform of the Financial Regulation System of China During Financial Market Globalization

This book analyzes the effect of financial internationalization and financial crisis on international and country level financial risk and financial stability, and it summarizes the experience of international and country level financial regulation system reform and its inspiration on China. The current situation and existing problems of China's financial regulation are outlined, and countermeasures to enhance financial regulation are proposed. The recent financial crisis shows how the financial market without necessary regulation cannot achieve sound development with self-adjustment. Although the developing economies (including China) survived and performed much better than developed economies during the crisis, they must continue to improve their financial regulations to avoid crisis. This book looks into the financial regulations in China-its current situation and existing problems-and provides the policy suggestions on implementation of financial regulation reform, such as the design of the framework and functional regulations. [Subject: Chinese Studies, Asian Studies, Finances]