Shadow banking is threatening the health of the Chinese economy; it is a problem that calls for pragmatic solutions, not platitudes. To prescribe the right solution requires an understanding of what caused the problem in the first place. Financial repression, operating through a set of law and...

A breakthrough reform is undergoing in Chinese capital market: a proposal to modify the current security law is under the review of the National People's Congress, which attempts to the current offering system from approval system to the registration system. If such proposal is approved by the...

Four years have passed since the G20 Leaders tolled the bell to the shadow banking system at the Seoul Summit of 2010. The war against shadow banking, however, has just started on a global scale and there is still a long way to go for the international community to develop an effective...

§ 210 (s) of the Dodd-Frank Act permits (not requires) the FDIC to recoup compensation from any current or former senior executive or director who is “substantially responsible” for the “failed condition” of a covered financial company. However, § 210 (s) is not clear in its statutory...

This article seeks to provide new solutions to rectify the information disparity and price manipulation problems in the government's toxic asset purchase program. The first part identifies the reasons for the mortgage-backed securities market meltdown through the lens of Lemon Market Theory....

§ 210 (s) of the Dodd-Frank Act permits (not requires) the FDIC to recoup compensation from any current or former senior executive or director who is “substantially responsible” for the “failed condition” of a covered financial company. However, § 210 (s) is not clear in its statutory...

A breakthrough reform is undergoing in the Chinese capital market: a proposal to modify the current security law is under the review of the National People's Congress, which attempts to the current offering system from approval system to the registration system. If such proposal is approved by...

Central bank digital currency (CBDC) is a digital form of fiat currency. CBDC is expected to be a game changer in the international financial system, bringing increased complexities arising from technology and regulatory considerations, as well as generating greater currency competition. As more...

In the past decade national law making for regulating commerce has been driven by globalization and the transplantation of foreign laws. The new Chinese Enterprise Bankruptcy Law enacted in 2006 was modeled closely on the U.S. Bankruptcy Code, especially chapter 11, which puts the bargaining...