Yu, Ziqin; Xiang, Xiao; Ge, Ge - In: Borsa Istanbul Review 24 (2024) 1, pp. 118-136
Shadow banking has somewhat compensated for China's lack of formal financial development. However, it may also amplify the financial system's risks, which runs counter to the initial expectation of macroprudential management. With the regulation of shadow banking in China under the New Asset...