Shadow Banking in China : An Opportunity for Financial Reform

• Record Nr.: UNINA9910828364603321
• Autore: Sheng Andrew
• Pubbl/distr/stampa: Wiley, 2016
• ISBN: 1-119-26634-3
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (266 p.)
• Altri autori (Persone): SoonNg Chow
• Disciplina: 332.10951
• Soggetti: Nonbank financial institutions - China; Finance - China; Financial Management & Planning; Finance; Business & Economics
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: 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; 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; 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); 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; 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; Appendix A: Evolution of International Financial Crises - Lessons for ChinaLi Sai Yau