Chinese regulation is too complicated

Although the PRC's regulators and regulations have coped well with recent financial market turmoil, the system is still too complex and not likely to become any simpler in the near future.

During a panel discussion at an industry conference in Hong Kong, Allen & Overy Beijing counsel Jane Jiang gave regulation in China a score of “between seven and eight” in terms of how well it has coped with the global economic downturn.