Abstract: Based on case study of the reformation of China’s telecom regulation, this article discusses the constituents and relevance structure of regulatory governance, regulatory incentives and regulatory performance. Following that, a regulatory framework model that embraces the three constituents is proposed, which is statistically tested by a structural equation modeling.

Key words: regulatorygovernance, regulatoryincentives, regulatoryperformance, regulatorydesign, regulatoryframework