中国的监管体系由人民银行、证监会、银监会和保监会组成，它们各自为政，这大大加剧了乱象。
China’s fragmented regulatory system – composed of the People’s Bank of China (PBOC), the China Securities Regulatory Commission (CSRC), the China Banking Regulatory Commission (CBRC), and the China Insurance Regulatory Commission (CIRC) – exacerbated the situation considerably.