Regulatory Capture

He Wei Ping

Chapter 7 in Banking Regulation in China, 2014, pp 131-147 from Palgrave Macmillan

Abstract: Abstract This chapter critically reviews the extent of regulatory capture in China’s banking sector. China’s banking regulation has been captured by various levels of government, as well as by the regulated banks (both Chinese and foreign). An analysis of the relationship between the CBRC, its affiliates, the central government, and local governments provides an understanding of the delicate networks that connect the principal regulator to the economic and social policies and ambitions of various levels of government, and which result in the politicization of banking regulation in China. It is also argued that government ownership of Chinese banks, and the role of those banks in implementing fiscal policy, together with a regulatory intention to encourage foreign banks to leverage on their expertise in order to develop the Chinese banking sector, have all given rise to regulatory capture by regulated banks.

Keywords: Local Government; Central Government; Banking Sector; Foreign Bank; Banking Regulation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36755-6_7

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DOI: 10.1057/9781137367556_7

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