Shadow banking in China : risk, regulation and policy / Shen Wei.

Format:

Book

Author/Creator:

Wei, Shen, author.

Language:

English

Subjects (All):

Nonbank financial institutions--China.

Nonbank financial institutions.

China.

Physical Description:

1 online resource (469 p.)

Place of Publication:

Cheltenham, England ; Northampton, Massachusetts : Edward Elgar Publishing, 2016.

Summary:

This timely book investigates the dynamic causes, key forms, potential risks and changing regulation of shadow banking in China. Topics discussed include P2P lending, wealth management products, local government debts, and the underground lending market. Taking policy considerations into account, the author provides a comprehensive analysis of the regulatory instruments tackling the systemic risks in relation to China's shadow banking sector. Central bank's role, interest rate formation mechanism, exchange rate reform and further deepening reform of the regulatory regime and financial markets

Contents:

Foreword

1. Decoding shadow banking: a primer

2. Myth of Chinese banks' success and shadow banking

3. Financial regulatory architecture: status quo

4. Central bank and monetary policy

5. Regulating wealth management products

6. The logic (or illogic) of local government debts out of control

7. Optimizing the regulation of internet lending: from popularity to risks

8. Removing underground lending markets out of shadows

9. Credit crunch and liquidity supply in China's banking sector

10. Interest rate reform: full or partial liberalization?

11. Renminbi's ongoing exchange rate reform

12. "A tale of three zones" and financial reforms

13. Is China's new deposit insurance scheme a panacea? - a functional analysis

14. Conclusion yet: bringing China's shadow banking into the light.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-78471-677-4