China's Shadow Banking in Spotlight

被引:0
|
作者
Yang Mu [1 ]
Yao Jielu [1 ]
机构
[1] Natl Univ Singapore, East Asian Inst, Singapore, Singapore
关键词
D O I
10.1142/S1793930513000378
中图分类号
D0 [政治学、政治理论];
学科分类号
0302 ; 030201 ;
摘要
Shadow banking in China encompasses informal financing activities including both underground lending and the banks' off-balance-sheet credit. The lack of formal credit access prompted the development of China's underground lending. Banks' off-balance-sheet credit refers to various contingent liabilities of commercial banks. Though the Chinese government has taken measures to lower risks posed by shadow banking, it needs to move towards more market-determined interest rates and lower entry barriers to the banking sector.
引用
收藏
页码:65 / 75
页数:11
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