Abstract
With the opening of the establishment of new banks in the 1990s, it led to an excessive number of domestic bankers and an excessively small scale, which caused a decline in the quality of financial assets and eventually resulted in adverse selection and moral hazard under information asymmetry in the domestic cash card market, triggering a card debt crisis and serious social problems. This article examined whether the phenomenon of information asymmetry was improved after the competent authority intervened. The results highlighted the important position of the competent authority in financial institution management and made information asymmetry improved eventually.
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