| Description |
1 online resource |
| Series |
Online access with DDA: Askews (Economics)
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| Contents |
Title Page; Copyright; Foreword by Victor Fung; Foreword by Liu Mingkang; Acknowledgments; About the Editors; Executive Summary; Key Findings and Policy Recommendations; Chapter 1: Introduction; References; Chapter 2: Shadow Banking in the Global Context; 2.1 Introduction; 2.2 What is Shadow Banking?; 2.3 Size of the Global Shadow Banking Industry; 2.4 Factors for the Rise in Global Shadow Banking; 2.5 Interconnectedness between Shadow Banks and the Formal Banking Sector; 2.6 The Nature of Shadow Banking Differs across Countries; References |
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Chapter 3: Shadow Banking within the National Balance Sheet3.1 Introduction; 3.2 Overview of the Chinese National Balance Sheet; 3.3 Who Owes What in China's National Balance Sheet?; 3.4 Zooming in on China's Sectoral Balance Sheets; 3.5 Shadow Banks within the National Balance Sheet; 3.6 Evaluation of the National Balance Sheet Approach; 3.7 Basic Analytical Conclusions and Policy Recommendations from the NBS Approach; References; Chapter 4: Shadow Banking with Chinese Characteristics; 4.1 Introduction; 4.2 Nature and Scale of Shadow Banking in China |
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4.3 Factors Spurring the Growth of Shadow Banks in China4.4 Different Channels of China's Shadow Banking; 4.5 Interconnectivity between Shadow Banking and the Official Banking System; 4.6 Shadow Banking's Impact and Regulatory Implications; 4.7 Conclusion; References; Chapter 5: Inherent Risks in Chinese Shadow Banking; 5.1 Introduction; 5.2 Getting to the Heart of the Problem -- the Underlying Asset Quality; 5.3 Non-Financial Corporate Sector (Excluding Real Estate Companies); 5.4 Real Estate Companies; 5.5 Local Government Financing Platforms (LGFPs) |
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5.6 Non-Performing Assets in the Shadow Banking SystemReferences; Chapter 6: Impact of Technology on China's Financial System; 6.1 Introduction; 6.2 The Rise of e-commerce in China and Its Implications; 6.3 The Rise of e-finance in China and its Implications; 6.4 The Role of Technological Innovation in China's Transformation; 6.5 Rethinking Conventional Financial Regulation and Development; 6.6 Implications for the Financial Services Industry; 6.7 Conclusion; References; Chapter 7: Implications for Reform Agenda; 7.1 Introduction; 7.2 Ongoing Shadow Banking Reforms in China |
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7.3 Financial Reforms -- Looking Beyond Shadow Banking7.4 Immediate-Term Reform Priorities -- Diagnosis and Damage Control; 7.5 Loss Allocation -- Medium-Term Measures; 7.6 Mapping the Future of China's Financial System: A Potential Long-Term Blueprint; 7.7 Conclusion and Suggestions for Future Research; References; Chapter 8: Conclusion; 8.1 Introduction; 8.2 Shadow Banking with Chinese Characteristics; 8.3 Unique Opportunity for Reform; 8.4 Reform Agenda Going Forward; 8.5 Immediate-Term Reform Priorities; 8.6 Long-Term Reforms: A Financial Blueprint |
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Appendix A: Evolution of International Financial Crises -- Lessons for ChinaLi Sai Yau |
| Summary |
"An authoritative guide to the rise of Chinese shadow banking and its systemic implications Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief Advisor to the China Banking Regulatory Commission and former Chairman of the Securities and Futures Commission in Hong Kong, this book is unique in providing true, first-hand perspectives from authorities within the world's largest economy. There is little widely-available information on China's shadow banking developments, and much of it is rife with disparate data, inaccuracies and overblown risks due to definitional and measurement differences. This book clears the confusion by supplying accurate information, on-the-ground context and invaluable national balance sheet analysis you won't find anywhere else. Shadow banking has grown to be a key source of credit in China, and a major component of the economy. This book serves as a primer for analysts and investors seeking real, useful information about the sector to better inform investment decisions. Discover what's driving the growth of shadow banking in China Learn the truth about both real and inflated risks Dig into popular rhetoric and clarify common misconceptions Access valuable data previously not published in English Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors. Shadow Banking in China provides authoritative reference that will prove valuable to anyone with financial interests in China"-- Provided by publisher |
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"This book puts China's shadow banking developments into perspective and clarifies the misconceptions surrounding its potential risks due to definitional and measurement differences, including double counting. It identifies the Chinese characteristics of shadow banking and attributes its rapid growth to a market response to prevailing constraints on credit (esp. by SMEs) and a demand for higher-yielding investment/saving products by the household/private sector"-- Provided by publisher |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references at the end of each chapters and index |
| Notes |
Print version record and CIP data provided by publisher |
| Subject |
Nonbank financial institutions -- China
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Finance -- China
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BUSINESS & ECONOMICS -- Finance.
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Finance
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Nonbank financial institutions
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China
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| Form |
Electronic book
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| Author |
Ng, Chow Soon, author
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| LC no. |
2016011405 |
| ISBN |
9781119266358 |
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1119266351 |
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9781119266341 |
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1119266343 |
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9781119266396 |
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1119266394 |
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1119266327 |
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9781119266327 |
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