China's Efforts in Curbing Shadow Banking

Jing Wan

East Asian Policy (EAP), 2015, vol. 07, issue 02, 29-38

Abstract: China's shadow banking is intimately related to commercial banks, local government debt and real estate development. The major expansion in local government debt is the result of a boom in shadow banking and worsened by real estate developers. The growth of the Chinese economy largely lies on the continuous rise of land prices. The imposition of proper regulation is for shadow banking to serve the function of supplementing the current financial sector.

Date: 2015
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DOI: 10.1142/S1793930515000161

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