Asia Global Institute's Distinguished Fellow Andrew Sheng sets the scene for his latest book on China's non-bank financial institutions.
"The book considers the sources of gains, losses, and risks associated with the Chinese Shadow Banking industry from a historical and public policy perspective. While the scale of China's shadow banks is still relatively small by international comparison, their rapid growth in recent years requires careful attention by policymakers and the industry to ensure that the problem is properly managed. In identifying the Chinese characteristics or factors that led to its rapid growth, this book helps highlight the underlying problems in the shadow banking industry in China." - Liu Mingkang, AGI Distinguished Fellow
To learn more about the book or to order, please click here.
Andrew Sheng's powerpoint, presented during the Book Launch on July 11 in Hong Kong.