Development Finance: A Financing Platform Between the Government and the Market
Liu Weiping ()
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Liu Weiping: China Development Bank
Chapter Chapter 9 in Social Trust, 2023, pp 229-258 from Springer
Abstract:
Abstract This chapter points out that the core of development finance with Chinese characteristics is to build a “bridge” between the government and the market. Development finance addresses the phenomenon of “market failure” due to information asymmetry and alleviates the problem of “government failure” due to the inefficiency of fiscal subsidies and other funds through government intervention in financial markets.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-2931-3_9
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DOI: 10.1007/978-981-99-2931-3_9
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