IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-36755-6_5.html
   My bibliography  Save this book chapter

Consumer Financial Regulation

In: Banking Regulation in China

Author

Listed:
  • He Wei Ping

Abstract

As mentioned in chapter 1, improving efficiency through competition has remained a low priority for the central government and regulators in China. Insufficient competition will lead to a situation where banks exploit dominant market position. Chinese banks with strong political backing could potentially abuse their position by raising prices above competitive levels to the detriment of consumers.1 At the same time, articulated regulatory goal is to protect depositors and consumers, and maintain the confidence in the market. Therefore, it is the role of the regulators and local governments to adopt direct intervention to compel banks to act fairly and consistently toward consumers. Thus, in the absence of rigorous competitive mechanisms, this chapter examines China’s regulatory framework for consumer financial protection in the banking sector.

Suggested Citation

  • He Wei Ping, 2014. "Consumer Financial Regulation," Palgrave Macmillan Books, in: Banking Regulation in China, chapter 5, pages 93-112, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36755-6_5
    DOI: 10.1057/9781137367556_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-36755-6_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.