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...

Estonian Abstract: Eesti kõrgkoolide jaoks on pea kogu taasiseseisvumise perioodil olnud üleval küsimused kõrghariduse finantseerimisest ja töötajate suhteliselt madalatest palkadest. Võib ütelda, et kuigi need küsimused on nüüd ka ametiühingute poolt üles tõstetud, on lahendustega...

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...

The English version of this paper can be found at "http://ssrn.com/abstract=3486211" http://ssrn.com/abstract=3486211.Chinese Abstract:...