Banking Regulation in China : The Role of Public and Private Sectors

M any people have helped me during the writing of this book and I would like to record my gratitude to all of them. As the book is based in part on my PhD thesis I would like to thank in particular my former thesis supervisors Professor Vicki Waye and Professor Charles Rickett, both of the University of South Australia, for the opportunity to undertake research studies with them and for their support and input. I would also like to thank many other friends and colleagues who encouraged me in that endeavor. Parts of chapters 3 and 4 draw on material previously published as journal articles. For chapter 3, this is "Banking Regulation in China: What, Why, and How" in the Journal of Financial Regulation and Compliance published by Emerald Group Publishing, and for chapter 4 "Regulating Foreign Banks Entry into China's Banking Sector," in the Journal of Banking and Finance Law and Practice published by Thomson Reuters. I would like to thank the publishers of the two journals for their kind permission to use material from the articles for inclusion in this book. Special thanks is due to my long-standing friends Olga and Victor Gostin, for their unfailing love and support from the time I first arrived in Australia, and without which I am sure I would not have succeeded in my endeavors here over the last ten years. So too to my fiancé Wayne Hocking. My gratitude is also due to Dr. Paul Babie of the Law School at the University of Adelaide for his encouragement, to Professor John Williams, dean of the Law School at the University of Adelaide, for kindly making available the facilities for me to complete the book, and to my good friend Richard Bott for his commentary and advice on my drafts (not always taken, but certainly appreciated). And finally I am of course indebted to Palgrave Macmillan for the opportunity to publish this work and especially to Brian Foster, Leila Campoli, and the editorial staff there for their assistance. Banking Regulation In China Provides An In-depth Analysis Of The Country's Contemporary Banking Regulatory System, Focusing On Regulation In Practice. By Drawing On Public And Private Interest Theories Relating To Bank Regulation, He Argues That Controlled Development Of The Banking Sector Transformed China's Banks Into More Market-oriented Institutions And Increased Public Sector Growth. This Work Proves That Bank Regulation Is The Primary Means Through Which The Chinese Government Achieves Its Political And Economic Objectives Rather Than Using It As A Vehicle For Maintaining Efficient Financial Markets. Introduction -- Banking Regulatory Theories -- Banking Regulation In China : Why, What, And How? -- Regulating The Entry Of Foreign Banks -- Consumer Financial Regulation -- Regulatory Dissonance -- Regulatory Capture -- Conclusion -- Bibliography. He Wei Ping. Includes Bibliographical References (pages [209]-242) And Index. Bank Regulation in China provides an in-depth analysis of the country's contemporary banking regulatory system, focusing on regulation of foreign banks and consumer financial protection. Banking Regulation in China provides an in-depth analysis of the country's contemporary banking regulatory system, focusing on regulation in practice. By drawing on public and private interest theories relating to bank regulation, He argues that controlled development of the banking sector transformed China's banks into more market-oriented institutions and increased public sector growth. This work proves that bank regulation is the primary means through which the Chinese government achieves its political and economic objectives rather than using it as a vehicle for maintaining efficient financial markets Banking Regulation in China provides an in-depth analysis of the country's contemporary banking regulatory system, focusing on regulation in practice. By drawing on public and private interest theories relating to bank regulation, He argues that controlled development of the banking sector transformed China's banks into more market-oriented institutions and increased public sector growth. This work proves that bank regulation is the primary means through which the Chinese government achieves its political and economic objectives rather than using it as a vehicle for maintaining efficient financial markets.-- Provided by Publisher Front Matter....Pages i-xi Introduction....Pages 1-25 Banking Regulatory Theories....Pages 27-50 Banking Regulation in China: Why, What, and How?....Pages 51-69 Regulating the Entry of Foreign Banks....Pages 71-92 Consumer Financial Regulation....Pages 93-112 Regulatory Dissonance....Pages 113-129 Regulatory Capture....Pages 131-147 Conclusion....Pages 149-156 Back Matter....Pages 157-244 Cover -- Title -- Copyright -- Dedication -- Contents -- Acknowledgments -- Abbreviations -- 1 Introduction -- 2 Banking Regulatory Theories -- 3 Banking Regulation in China: Why, What, and How? -- 4 Regulating the Entry of Foreign Banks -- 5 Consumer Financial Regulation -- 6 Regulatory Dissonance -- 7 Regulatory Capture -- 8 Conclusion -- Notes -- Bibliography -- Index