Abstract
ABSTRACT Regulatory capture is a global phenomenon and there are many rethinks of financial regulatory capture in the U.S. after the 2008 financial crisis through the perspectives of deregulation and liberalism. China’s IPO regulation system is being transformed from central-planning IPO regulation to a market-oriented information disclosure regime. Used to be an agency with huge examining and approval authority, CSRC becomes a severe place of officials’ bribery and corruption. Thus, CSRC’s regulatory capture problem is worth being researched in the reform era.
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