In Journal of Cupl, No.5, 2021, Carbon trading is detailed as the main form of carbon finance in China. Problems with Chinese carbon finance regulation are as follows: relationship and responsibilities among regulatory departments are not clearly defined which results in governmental failure such as over-regulation; unreasonable settlement of static power structure leads to systematic obstacles to information collection, regulatory compliance, technical standards, verification by independent third party, and so on; scattered regulation of carbon market does not meet the instrumental needs of carbon finance. China should integrate the special and cooperative regulation of carbon finance, which includes governmental, market-based and social governance.