1st Edition

Conceptualizing the Regulatory Thicket China's Financial Markets after the Global Financial Crisis

By Shen Wei Copyright 2021
356 Pages 38 B/W Illustrations
by Routledge

356 Pages 38 B/W Illustrations
by Routledge

356 Pages 38 B/W Illustrations
by Routledge

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... Read more

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

Biography

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.

Professor Shen’s book provides a comprehensive analysis of the regulatory framework and development regarding the banking market in China after the global financial crisis. The book contributes to in-depth understanding of legal regimes governing some critical banking activities in China in the past 10 years. While the crisis may have been over a decade old, the topics covered in the book, such as non-performing loan, lending and shadow banking, and the internationalization of the Renminbi, are still of utmost importance during the aftermath of the Covid-19 pandemic.’ ─ Christopher Chen, Associate Professor of Law, Singapore Management University, Singapore