Interdisciplinary Lunchtime Seminar (TO BE RESCHEDULED)

Hybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

2020-03-31 12:00:002020-03-31 13:00:00Asia/Hong_KongHybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

Interdisciplinary Lunchtime Seminar
Hybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

Dr. Li Chen
(Assistant Professor, Centre for China Studies, The Chinese University of Hong Kong)

Date: March 31, 2020 (Tuesday)
Time: 12:00 – 13:00
Venue: Room 201, 2/F, May Hall, The University of Hong Kong
Enquiry: (852) 3917-5772, ihss@hku.hk

    2020-03-31 12:00:002020-03-31 13:00:00Asia/Hong_KongHybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

    Interdisciplinary Lunchtime Seminar
    Hybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

    Dr. Li Chen
    (Assistant Professor, Centre for China Studies, The Chinese University of Hong Kong)

    Date: March 31, 2020 (Tuesday)
    Time: 12:00 – 13:00
    Venue: Room 201, 2/F, May Hall, The University of Hong Kong
    Enquiry: (852) 3917-5772, ihss@hku.hk

      Overview

      Title:

      Hybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

      Speaker:

      Dr. Li Chen (Assistant Professor, Centre for China Studies, The Chinese University of Hong Kong)

      Date:

      To be confirmed

      Time:

      To be confirmed

      Venue:

      Room 201, 2/F, May Hall, The University of Hong Kong (Map)

      Language:

      English

      Enquiry:

      (Tel) (852) 3917-5772
      (Email) ihss@hku.hk

      Title:

      Hybrid Regulatory Regime in Turbulent Times: The Role of State in China’s Stock Market Crisis in 2015 – 2016

      Speaker:

      Dr. Li Chen (Assistant Professor, Centre for China Studies, The Chinese University of Hong Kong)

      Date:

      To be confirmed

      Time:

      To be confirmed

      Venue:

      Room 201, 2/F, May Hall, The University of Hong Kong (Map)

      Language:

      English

      Enquiry:

      (Tel) (852) 3917-5772
      (Email) ihss@hku.hk

      Abstract

      The hybridization of socialist state control with increasingly complex financial markets has generated unusual features in China’s financial regulatory regime. Using the 2015-2016 stock market crisis as a case study, this article draws on the Legal Theory of Finance (LTF) to analyse the state-market interface and crisis governance in China’s stock market. It illustrates the shift of China’s stock market governance away from traditional administrative hierarchies to more plural and hybrid forms of ownership, control and regulatory governance. By examining the policy process, market dynamics and crisis management in the evolution of China’s 2015-2016 stock market crashes, it identifies the endogenous dilemmas of regulatory elasticity and campaign-style enforcement in China’s hybrid regulatory regime, which have amplified policy noises and led to a destabilizing feedback loop between policy-induced market turbulence and market-induced organizational turbulence inside the regulatory bureaucracy.

      About the Speaker

      Dr. Li Chen is an Assistant Professor at the Centre for China Studies, The Chinese University of Hong Kong (CUHK). He is also an Assistant Professor (by courtesy) at CUHK’s Lau Chor Tak Institute of Global Economics and Finance (IGEF). He has researched and written extensively on issues related to China’s economic development, business environment and public policies, such as China’s state-owned enterprise reform, financial regulatory reform, government-business relations as well as industrial and regional development. He received his PhD and MPhil in Development Studies from the University of Cambridge and dual bachelor degrees in law and economics from Peking University.

      POSTER