The Chinese Financial Supervision Report: 2015

Chief Editor: Hu Bin

Deputy Chief Editor: Yin zhentao and Zheng Liansheng

Preface:

     As the annual report of the Research Center for Financial Laws and Regulations (FLR), China Financial Supervision and Regulation Report: 2015 seeks to reflect the current status, development and reform progress of China's financial supervision and regulation in a systematic, comprehensive, persistent and authoritative manner. With the philosophy of "factually recording, objectively reviewing, and comprehensively analyzing", we hope this report can provide reliable and useful references for financial institutions, academic researchers, and regulatory authorities.

    The Report 2015 consists of three parts: General Reports, Sub-reports, and Special Topics. The first of the general reports is Internet Finance: Definition, Models, Risks, and Regulation which discusses the internet finance from China’s perspective, as well as the potential financial risks and regulatory policies. The second general report is China’s Financial Supervision and Regulation: Developments in 2014, which surveys the major reform and policy issues of China’s financial supervision and regulation in 2014 and gives an outlook of 2015. The sub-reports provide the details of development in regulation of banking, securities, insurance, and foreign exchange administration. The Special Topics deliver deeper analysis on selected important issues in China's financial supervision and regulation, including Systemic risks warming system,Shanghai-Shenzhen connection, China (Shanghai) Pilot Free Trade Zone, the registration system, and securitization regulation.

    Professor Hu Bin, as the chief editor of the Report 2015, is responsible for the organization and final approval of the compilation. Dr. Yin Zhentao and Dr. Zheng Liansheng, as deputy chief editors, are responsible for the editing work. We would like to thank the authors for their brilliant work. We would also like to thank Ms. Zhou Li , Ms. Yun Wei and Ms. Wang Nannan rom the Social Sciences Academic Press (China) for their invaluable help and support. We expect the China Financial Supervision and Regulation Report to become an important platform for the communication and cooperation between FLR and all sectors of the society, thus promoting the reform and development of China's financial supervision and regulation.

Table of Contents:

I. The general report
    1. Internet Finance: Definition, Impact, Risks and Regulation
    2. Financial Supervision of China：Significant Events in 2014

II. The subject report
    3. Annual Developments in Banking Regulation
    4. Annual Developments in Securities Regulation
    5. The Annual Report of Insurance Supervision
    6. Trust Regulation Annual Report 2015
    7. Annual Development in Foreign Exchange Management

III. The special study
    8. The Innovation and Supervision of China (Shanghai) Free Trade Zone’s Financial Reform
    9. Teh Main Feature, Significance and Supervision Countermeasure for Shanghai-Hong Kong Stock Connect
    10.The Research on Anti-Money Laundering Legislation Related to Insurance Industry
    11.Legal Analysis on Insurance Risk Securitization
    12.Research on China Internet Insurance Regulation
    13.Main Factors Affecting the Efficiency of Financial Supervision in China
    14.A Measurement of Systematic Financial Risk in China: Theory, Method and Empirical
    15.Capital Adequacy Ratio Supervision and Its Implications for Monetary Policy

IV. Appendix
    16.Financial Regulation Memorabilia in 2014