Huang, Yeni; Zhou, Bian; Liu, Liya - In: China economic quarterly international : CEQI 2 (2022) 1, pp. 1-14
We set up a general equilibrium model of Chinese wealth management products (WMPs), which are deeply rooted in traditional Chinese commercial banks. According to this model, we proposed two hypotheses, namely, the regulatory arbitrage and information asymmetry hypotheses. We tested the...