This dissertation provides an in-depth analysis of the design, application and limitations of contingent convertible securities. This paper builds on and advances the existing literature, by showing that a contingent convertible's value at its core is subject to the contingent convertible's...

English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...