Shadow Banking and the Rise of Capitalism in China
| Author | : | |
| Rating | : | 4.45 (565 Votes) |
| Asin | : | B06ZZSCTWS |
| Format Type | : | |
| Number of Pages | : | 410 Pages |
| Publish Date | : | 2018-02-09 |
| Language | : | English |
DESCRIPTION:
They have grown from a fraction of the economy ten years ago to nearly half of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. It is the Wild West of banking in China. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. This book is about the growth of shadow banking in China and the rise of China’s free markets. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the private economic. But it is precisely this divide that makes Shadow Banking an important to the rise of capitalism. How Beijing handles this large free market will say a lot about how the country’s economy will grow – will free markets be granted greater leeway? . Shadow Banks are a new aspect of capitalism in China – barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many companies cannot get access to formal bank loans
one of the best books on the Chinese financial system DiskMama3 I would say it's 12 years of my trips to China trying to understand the financial system in one book. Even the anecdotes are similar! Would highly recommend if you are interested in understanding (not a typical beach bookdownright dry but I have to admit I geeked out and found it to be a page turner.) I'd almost say it's going to prove to be one of the best books on the Chinese financial system.
Collier is currently based in Hong Kong where he conducts independent research on China’s economy.. Andrew Collier is the former President of the Bank of China International USA, where he helped to launch BOCI’s U.S. Earlier in his career, he was an equity analyst with Bear Stearns and CLSA in Hong Kong, and a journalist covering business for the South China Morning Post in Beijing.
From the Back CoverThis book is about the growth of shadow banking in China and the rise of China’s free markets. They have grown from a fraction of the economy ten years ago to nearly half of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today.Shadow Banks are a new aspect of capitalism in China – barely regulated, highly risky, yet tolerated by Beijing. It is the Wild West of banking in China. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the priva