2021Advances in economics, business and management research/Advances in Economics, Business and Management ResearchOpen access

The Enlightenment of American Subprime Mortgage Crisis to Financial Supervision in China

Shao Wenya, Lili Wu

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Abstract

Since March 2007, the subprime crisis has had a huge impact on the world economy.Therefore, the Enlightenment from the subprime mortgage crisis can also help us to do some prevention or reduce some losses when the crisis comes.Therefore, this article analyzes the enlightenment to our country's financial supervision from three aspects: Consumer Awareness, financial institutions and supervision authorities, in the hope of providing some ideas.

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Since March 2007, the subprime crisis has had a huge impact on the world economy.Therefore, the Enlightenment from the subprime mortgage crisis can also help us to do some prevention or reduce some losses when the crisis comes.Therefore, this article analyzes the enlightenment to our country's financial supervision from three aspects: Consumer Awareness, financial institutions and supervision authorities, in the hope of providing some ideas.

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Available abstract

Since March 2007, the subprime crisis has had a huge impact on the world economy.Therefore, the Enlightenment from the subprime mortgage crisis can also help us to do some prevention or reduce some losses when the crisis comes.Therefore, this article analyzes the enlightenment to our country's financial supervision from three aspects: Consumer Awareness, financial institutions and supervision authorities, in the hope of providing some ideas.

Key concepts: Enlightenment, Subprime mortgage crisis, China, Subprime crisis, Financial system, Business, Financial crisis, Finance

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