Research on Finance Liberalization and Regulation Based on the Experience of China’s Liberalization Transformation

DOI

10.2991/aebmr.k.220307.448How to use a DOI?

Keywords

Financial Liberalization; Regulation; Transformation

Abstract

Financial liberalization has been widespread since the 1970s. A series of financial crises, such as the Crisis in Southeast Asia, occurred when countries transitioned to financial liberalization. As a result, people believed that financial regulation and liberalization were a prisoner’s dilemma. By studying financial regulation and liberalization in China, this paper finds that financial regulation and financial liberalization are not opposites, and it is desirable to transition to financial liberalization under financial regulation. Moreover, financial liberalization should be gradual, not overnight. Finally, we get a series of suggestions on financial reform: Firstly, the reform should pay attention to the order of financial marketization, and on this basis, we should build a market-oriented micro-system and improve the function positioning of government regulatory agencies.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Shuchen Guo
PY  - 2022
DA  - 2022/03/26
TI  - Research on Finance Liberalization and Regulation Based on the Experience of China’s Liberalization Transformation
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2746
EP  - 2753
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.448
DO  - 10.2991/aebmr.k.220307.448
ID  - Guo2022
ER  -