Laura Cha, former vice chair of the China Securities Regulatory Commission and a member of Hong Kong's Executive Council, joins Robert Shiller's Financial Markets course at Yale to discuss regulation and career paths in finance. She opens with career opportunities across private and public sectors, drawing on her own path as a Chinese market regulator, then talks with Shiller about why someone chooses public service, noting that regulatory skills transfer well to private industry alongside a sense of mission. Student questions turn the conversation to how China enforces regulation, how the government backs start-up companies through state-owned enterprises, and the wave of mergers among global stock exchanges. She also covers Chinese companies registering on overseas exchanges, plans for an international board at the Shanghai Stock Exchange, her own law school background, and closes with her assessment of the Basel III capital rules.