This article surveys corporate governance in China, as described in a growing literature
published in top journals. Unlike the classical vertical agency problems in Western …

Motivated by growing concerns about the risks and instability of China's financial system,
this article reviews several commonly perceived financial risks and discusses their roots in …

Utilising Chinese-developed data based on long-standing influenza indices, and the more
recently-developed coronavirus and face mask indices, we set out to test for the presence of …

The upsurge of shadow banking is typically driven by rising financing demand from certain
real sectors. In China, the 4 trillion yuan stimulus package in 2009 was behind the rapid …

We study how monetary policy in China influences banks' shadow banking activities. We
develop and estimate the endogenously switching monetary policy rule that is based on …

We study the rise and risks in bank issuance of Wealth Management Products (WMPs),
which are off-balance-sheet substitutes for deposits without the regulatory interest rate …

ABSTRACT In China, between 2006 and 2013, local public debt crowded out the investment
of private firms by tightening their funding constraints while leaving state‐owned firms' …

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 …

We develop a stylised shadow banking map for China with the aim of providing a coherent
picture of its structure and the associated financial system interlinkages. Five key …

Corporate governance, by mitigating managers' moral hazard problems and affecting firms'
operational efficiency, significantly influences firms' allocation of funds between investing in …