Shadow Banking and the Rise of Capitalism in China
Springer Verlag, Singapore
978-981-10-2995-0 (ISBN)
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. 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 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?
Andrew Collier is the former President of the Bank of China International USA, where he helped to launch BOCI’s U.S. office. 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. He has a Master’s Degree in International Relations and Chinese Studies from Yale University and studied Chinese at Peking University. He also is a Senior Fellow at the Mansfield Foundation in Washington. He writes frequently for the Financial Times, Wall Street Journal, South China Morning Post, The Diplomat and other publications. Mr. Collier is currently based in Hong Kong where he conducts independent research on China’s economy.
1. Introduction.- 2. The Size of Shadow Banking.- 3. The Global Crisis and China’s Big Financial Push.- 4. The Shadow Lenders.- 5. China’s Property Bubble and Shadow Banking.- 6. Chinese Politics and Shadow Banking.- 7. Shadow Banking and Capitalism: What Does the Future Hold?.
Erscheinungsdatum | 06.05.2017 |
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Zusatzinfo | 10 Illustrations, color; IX, 205 p. 10 illus. in color. |
Verlagsort | Singapore |
Sprache | englisch |
Maße | 148 x 210 mm |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
Schlagworte | Capital investment • Chinese Banking System • Chinese Economic Liberalization • Financial Sector Privatization • Private Sector in China • Shadow Banking |
ISBN-10 | 981-10-2995-4 / 9811029954 |
ISBN-13 | 978-981-10-2995-0 / 9789811029950 |
Zustand | Neuware |
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