全球智库信息集成服务系统(G2TT): China's Financial System and Economy: A Review

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w30324
来源ID	Working Paper 30324
	China's Financial System and Economy: A Review
	Zhiguo He; Wei Wei
发表日期	2022-08-08
出版年	2022
语种	英语
摘要	China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure of the nation's yearly flow of liquidity accounting for unique features of China's financial system. While early work on China's financial system emphasizes the state-owned enterprise (SOE) reform, the recent literature explores other more market-based financing channels—including shadow banking—that grew rapidly after 2010 and have become important components of AFRE. These new financing channels are not only intertwined with each other, but more importantly often ultimately tied back to the dominant banking sector in China. Understanding the mechanisms behind these channels and their intrinsic connections is crucial to alleviate capital allocation distortion and mitigate potential systemic financial risk in China.
主题	Financial Economics ; Financial Markets ; Financial Institutions ; Corporate Finance ; Development and Growth ; Development ; Innovation and R& ; D ; Other ; Economic Systems
URL	https://www.nber.org/papers/w30324
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/587997
推荐引用方式 GB/T 7714	Zhiguo He,Wei Wei. China's Financial System and Economy: A Review. 2022.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w30324.pdf（759KB）	智库出版物		限制开放	CC BY-NC-SA	浏览