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Author: Shen Wei
Publisher: Edward Elgar Publishing
ISBN: 1784716774
Category : Business & Economics
Languages : en
Pages : 470
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Book Description
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 are also thoroughly discussed in the context of China's continuing financial reform.
Author: Shen Wei
Publisher: Edward Elgar Publishing
ISBN: 1784716774
Category : Business & Economics
Languages : en
Pages : 470
Get Book Here
Book Description
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 are also thoroughly discussed in the context of China's continuing financial reform.
Author: Lerong Lu
Publisher: Routledge
ISBN: 0429823908
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
This book explores China’s private lending market from historical, economic, legal, and regulatory perspectives. Private lending refers to moneylending agreements between business borrowers and their debt investors without the involvement of banks. In China, it remains difficult for private entrepreneurs to obtain sufficient loans from state-owned banks. Thus, private lending has been a vital alternative financing channel for over 80 million businesses which are reliant on private funds as their major source of operating capital. The market volume of private financing stands at 5 trillion yuan ($783bn), making it one of the largest shadow banking systems in the world. Despite the wide popularity and systemic importance of private lending activities, they have remained outside of the official regulatory framework, leading to extra financial risks. In 2011, China’s private lending sector encountered a severe financial crisis, as thousands of business borrowers failed to repay debts and fell into bankruptcy. Lots of bosses who found it impossible to liquidate debts ran away to hide from creditors. The financial turmoil has caused substantial monetary losses for investors across the country, which triggered social unrest and undermined the financial stability. This book is a timely work intended to demystify China’s private lending market by investigating its historical development, operating mechanism, and special characteristics. It evaluates the causes and effects of the latest financial crisis by considering a number of real cases relating to helpless investors and runaway bosses. It conducts an in-depth doctrinal analysis of Chinese laws and regulations regarding private lending transactions. It also examines China’s ongoing financial reform to bring underground lending activities under official supervision. Finally, the book points out future development paths for the private lending market. It offers suggestions for global policymakers devising an effective regulatory framework for shadow banking. It appeals to researchers, lecturers, and students in several fields, including law, business, finance, political economy, public policy, and China study.
Author: Shen Wei
Publisher: Routledge
ISBN: 1000200345
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China’s financial market after the global financial crisis. The book provides an in-depth analysis of China’s contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed China’s banks into more market-oriented institutions and increased public sector growth. However, China’s financial market and financial regulation have some inherent weaknesses and deficiencies. This book also offers insights into how this can be improved or adapted to minimize systemic risks in China’s financial sector. This book tries to prove that financial regulation is not just a vehicle for maintaining efficient financial markets but a primary tool through which the Chinese government achieves its political and economic objectives. More fundamentally, according to the law and finance theory, strong market and vibrant judicial systems are needed to further modernize China’s financial markets and market economy. The book will be a useful reference for anyone interested in learning from the Chinese experience.
Author: Natalie Mrockova
Publisher: Bloomsbury Publishing
ISBN: 1509932453
Category : Law
Languages : en
Pages : 384
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Book Description
This fascinating study uses qualitative and quantitative data and insights from interviews with judges, lawyers, government officials, entrepreneurs, bankers, consultants, and academics in China and abroad, to provide a new perspective on the problems that have hindered the implementation of the Enterprise Bankruptcy Law in China, and recent attempts at reform. The analysis provides unique insights into China's business world and its interaction with the judicial and political system in China. In addition, the book also provides important information about how the Enterprise Bankruptcy Law affects foreign companies, agencies and governments that are active in China. The author draws on empirical data, decided cases and her experience of how the law and surrounding practices deal with foreign stakeholders whose interests are affected by corporate bankruptcy in China. The book will improve understanding of how China's corporate bankruptcy law has been used in practice, what has limited its practical effectiveness, whether it is desirable for the law to be used more readily in China, and the possible options for its reform.
Author: Ivan Franceschini
Publisher: Verso Books
ISBN: 1839766352
Category : History
Languages : en
Pages : 881
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Book Description
A century of complex relations between Communists and workers in China In 2021, the Chinese Communist Party celebrated a century of existence. Since the Party’s humble beginnings in the Marxist groups of the Republican era to its current global ambitions, one thing has not changed for China’s leaders: their claim to represent the vanguard of the Chinese working class. Spanning from the night classes for workers organised by student activists in Beijing in the 1910s to the labour struggles during the 1920s and 1930s; from the turmoil of the Cultural Revolution to the social convulsions of the reform era to China’s global push today, this book reconstructs the contentious history of labour in China from the early twentieth century to this day (and beyond). This will be achieved through a series of essays penned by scholars in the field of Chinese society, politics, and culture, each one of which will revolve around a specific historical event, in a mosaic of different voices, perspectives, and interpretations of what constituted the experience of being a worker in China in the past century. Contributors: Corey Byrnes, Craig A. Smith, Xu Guoqi, Zhou Ruixue, Lin Chun, Elizabeth J. Perry, Tony Saich, Wang Kan, Gail Hershatter, Apo Leong, S.A. Smith, Alexander F. Day, Yige Dong, Seung-Joon Lee, Lu Yan, Joshua Howard, Bo Ærenlund Sørensen, Brian DeMare, Emily Honig, Po-chien Chen, Yi-hung Liu, Jake Werner, Malcolm Thompson, Robert Cliver, Mark W. Frazier, John Williams, Christian Sorace, Zhu Ruiyi, Ivan Franceschini, Chen Feng, Ben Kindler, Jane Hayward, Tim Wright, Koji Hirata, Jacob Eyferth, Aminda Smith, Fabio Lanza, Ralph Litzinger, J onathan Unger, Covell F. Meyskens, Maggie Clinton, Patricia M. Thornton, Ray Yep, Andrea Piazzaroli Longobardi, Joel Andreas, Matt Galway, Michel Bonnin, A.C. Baecker, Mary Ann O’Donnell, Tiantian Zheng, Jeanne L. Wilson, Ming-sho Ho, Yueran Zhang, Anita Chan, Sarah Biddulph, Jude Howell, William Hurst, Dorothy J. Solinger, Ching Kwan Lee, Chloé Froissart, Mary Gallagher, Eric Florence, Junxi Qian, Chris King-chi Chan, Elaine Sio-Ieng Hui, Jenny Chan, Eli Friedman, Aaron Halegua, Wanning Sun, Marc Blecher, Huang Yu, Manfred Elfstrom, Darren Byler, Carlos Rojas, Chen Qiufan.
Author: Zhongjin Li
Publisher: Haymarket Books
ISBN: 1608465802
Category : Political Science
Languages : en
Pages : 242
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Book Description
China has been the fastest growing major economy in the world for three decades. It is also home to some of the largest, most incendiary, and most underreported labor struggles of our time. China on Strike, the first English-language book of its kind, provides an intimate and revealing window into the lives of workers organizing in some of China’s most profitable factories, which supply Apple, Nike, Hewlett Packard, and other multinational companies. Drawing on dozens of interviews with Chinese workers, this book documents the processes of migration, changing employment relations, worker culture, and other issues related to China’s explosive growth.
Author: Xingyuan Feng
Publisher: World Scientific
ISBN: 9814596914
Category : Business & Economics
Languages : en
Pages : 454
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Book Description
This book focuses on the study of the environment for the survival and development of Chinese private enterprises. It analyzes the historical development and current overall development of private enterprises in China, their number, size structure, contribution to GDP, employment and tax revenue, and size of investment. It summarizes the laws and regulations relating to the development of private enterprises. It assesses their survival environment in comparison with SOEs' and from the perspective of entrepreneurs. The book also addresses the problems with the protection of property rights of private enterprises, their market entry, their capital mobility and their own management. It concludes with the analysis of the main factors hindering the development of private enterprises in China and some policy recommendations for improving the environment for their survival and development.
Author: Charles Giezentanner
Publisher: iUniverse
ISBN: 9781475932041
Category : Fiction
Languages : en
Pages : 176
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Book Description
Times are tough in 1938 during the Great Depression when eighteen-year- old Leslie Charles hears that the navy shipyard in Norfolk, Virginia, is hiring college students. A talented musician endowed with exceptional math skills, Leslie believes hes a good candidate for work now that he has one year of college under his belt at Mars Hill College in Marsh County, Virginia. Leaving his parents, siblings, and the rest of his family behind in Asheville, North Carolina, Leslie becomes a welders helper at the yard, and soon the lure of the navy snags him. He becomes an enlisted man, endures basic training, and begins his journey both as a sailor and as a man. A novel of military fiction, China Sailor narrates the story of Leslies coming-of- age, including his life as a sailor, his experiences in China during its civil war and its war with Japan, and his personal relationships with women. It provides a glimpse into this exciting time in history leading up to the start of World War II.
Author: Jonathan Leightner
Publisher: Routledge
ISBN: 1351805827
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
This book tells the story of how China’s leaders, from Mao to Xi, have sacrificed ethics to promote either macroeconomic performance or microeconomic efficiency. This story includes Mao’s collectivization of land, the Great Leap Forward, the Great Cultural Revolution, Deng’s opening China to international trade, Tiananmen Square, the freeing of prices, food and medicine scandals, the 2015 surge and collapse of the Chinese stock market, the falling of China’s foreign reserves, and so on. In 2008, China’s leaders correctly identified the best strategy as a "consumption-driven growth strategy" because the current world is suffering from a glut of savings. However, for that strategy to work, the Chinese need to be able to trust China’s economy and leaders. In the absence of trust, people will make decisions based on extremely short time frames which will hurt China’s long-run potential and continue to generate a series of speculative bubbles. In the absence of trust, wealthy Chinese will continue to move their assets abroad, putting tremendous downward pressure on the Chinese yuan. The Chinese will develop a long-run perspective and invest in China only when they can trust China’s future. In today’s world, trust is necessary. Trust is built on ethics.
Author: Emilios Avgouleas
Publisher: Cambridge University Press
ISBN: 110847036X
Category : Business & Economics
Languages : en
Pages : 531
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Book Description
Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.
