We provide a comprehensive review of China's financial system, and explore directions of future development. First, the … current financial system is dominated by a large banking sector. In recent years banks have made considerable progress in … development of China's stock market and other financial markets is the most important task in the long-term. Third, the most …

China's shadow banking has been rising rapidly in the last decade, mainly driven by regulations for banks, the Fiscal … regulators repeatedly attempted to impose new regulations on banks and non-banks. The existence of shadow banking fulfills the … high demand for funding. The standard view is that it poses risks to financial stability. However, in China this is not …

We provide a comprehensive review of the development and activities of the People's Bank of China over the half century …. First, the PBC has evolved from the mixture of a central bank and a commercial bank to the central bank of China, with the …

with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for …