Economics, Econometrics and Finance
4 years ago

Subprime Crisis Sparks Financial Supervision Reform in China

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Advances in economics, business and management research/Advances in Economics, Business and Management Research
The Enlightenment of American Subprime Mortgage Crisis to Financial Supervision in China
Shao Wenya, Lili Wu

Paper Summary

The article discusses how the American subprime mortgage crisis can teach us lessons for better financial supervision in China. It looks at three main areas: consumer awareness, financial institutions, and supervision authorities. The goal is to prevent or reduce losses when a crisis hits.

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