distress. We build the first comprehensive dataset on China's overseas bailouts between 2000 and 2021 and provide new insights … by the People's Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China's overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …

Bank branch density, defined as the number of bank branches to total deposits, has significantly declined over the past …

exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity … triggered by the collapse of Silicon Valley Bank. ROE predicts systematic tail risk much better than conventional measures based …

In recent years, assets of non-bank financial intermediaries (NBFIs) have grown significantly relative to those of …. We argue instead that NBFI and bank businesses and risks are so interwoven that they are better described as having … contingent liquidity risk from the provision of credit lines to NBFIs; and (iii) Empirical work confirms bank-NBFI linkages …

Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …

The rise of shadow banking and attendant financial fragility in China can be traced to intensified deposit competition …. Exploiting the fact that one big state-owned bank was particular affected by the GFC through these two channels, we document …--by exploring small and medium-sized banks' branch-level overlap with this big bank--that deposit competition increased banks …

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the … recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate … China's financial system. While early work on China's financial system emphasizes the state-owned enterprise (SOE) reform …

adoption globally. Such e-wallets provide not only a conduit to external bank accounts but also internal payment options … and consumer information from a world-leading provider based in China, with over 1 billion users globally and a business …