Improving the Macroprudential Regulation System in China

Abstract: After the financial crisis, there is a general consensus that the financial regulatory system lags far behind the various levels of financial development, and that this was a key factor leading to the emergence and spread of the problem. In view of this, many countries have proposed their own financial regulatory reform programs, with the goal of strengthening macroprudential regulation being one of their core objectives. Although the financial crisis has had a limited impact in China, the country continues to emphasize the importance of macroprudential regulation as a part of the process for improving the financial regulatory system. An analysis of this issue is provided in this article.