The funding of small and medium companies by shadow-banks in China

Horst Löchel, Natalie Packham and Eugen Hölzl

No 220, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

Abstract: This paper looks at the current shadow-banking practices of Chinese SME's and the question if these practices have a positive impact on the development of those SME's. For this pur-pose, new primary data is examined: Four case studies and two supplementary sets of data. Although the data volume imposes limitations on the results, the two main findings are: First, shadow-banking does have such a positive effect. Second, interpersonal lending is by far the most important financing channel for this effect among all the shadow-banking types ob-served.

Keywords: Shadow-banking; SME-funding; China's financial system (search for similar items in EconPapers)
JEL-codes: D82 K42 O17 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-ban, nep-cse, nep-ent, nep-law and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fsfmwp:220

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