Shadow Banking and the Chinese Economy

Shadow Banking and the Chinese Economy

Introduction

Shadow Banking System in China is getting ever-increasing consideration for novel services and activities that, whilst creating the economy, have boosted risky conditions. Though some practices seem to be positive in the economy growth, other practices, for example credit assurances and trusts; have confirmed to be more risky. China's authoritarian agencies are conscious of this. Nevertheless, because of swift development of the shadow banking in the last years, it is not possible to legalize and supervise all features of the scheme. This paper will assess how does shadow financial ...