Shadow Banking in China

Chi Hung Kwan, "Current Status and Challenges of Shadow Banking in China," Quarterly Journal of China Capital Market Research, Autumn 2013, 19-25

Eiichi Sekine, "How Should We Perceive China's Local Government Debt?" Quarterly Journal of China Capital Market Research, Autumn 2013, 26-51

Kenji Yumoto and Shinichi Seki, "Shadow Banking in China: How to View Its Risks and Government Response Capacity," Kinyu (Finance), January 2014, 14-21

Lirong Li, "Trends in China's Shadow Banking and Challenges for Financial System Reform," Report presented at the 81st National Conference of the Japan Society of Monetary Economics, June 14, 2014

Liang Yue, "Shadow Banking in China: Focusing on Connections with Banks and Wealth Management Products," Monthly Topics (Development Bank of Japan), No. 213-1, June 23, 2014

Naoto Saito, "China's Local Debt Problem and the Shadow Banking Issue," Monthly Capital Markets, No. 347, July 2014, 36-43

Hiroshi Fukumitsu, "How to Perceive China's Shadow Banks: Coexistence of Various Definitions, Affirmative Theory, and Affirmative Theory for SME Finance," Seijo University Institute of Economic Studies Research Report, No. 68, November 2014, 1-19

Na Li, "Various Issues Concerning Shadow Banking and Bank-Trust Wealth Management Products in China," Ritsumeikan Law Review, No. 356 (2014, No. 4), 265-305

Hiroshi Fukumitsu, "Regulations on Bank Wealth Management in China," Seijo University Institute of Economic Studies Research Report, No. 69, January 2015, 1-29

Zhi Sun, "Research Note: The Formation of Wealth Management Products in China and Future Challenges—Focusing on Bank Wealth Management Products," Chiba Shodai Ronso (Chiba University of Commerce Review), Vol. 53, No. 1, September 2015, 313-336

Jingbin Wang and Teruhiro Minato, "Structural Characteristics of Shadow Banking in China and Its Impact on the Japanese Economy," Osaka Sangyo University Journal of Economics, Vol. 17, No. 1, October 2015, 51-83

Yun Chen and Ken Morita, "The Political Economy of the Ultra-Long-Term Real Estate Bubble in China," Hiroshima University Economic Review, Vol. 39, No. 2, November 2015, 1-40

Hiroshi Fukumitsu, "On China's Shadow Banks: Learning from Lang Xianping's Arguments," Rikkyo Economic Review, Vol. 69, No. 3, January 2016, 1-29

Lijun Fan, "The Expansion of China's Shadow Banking Industry and Financial Reform," Seikei Kenkyu (Political and Economic Research), No. 106, June 2016, 34-48

Rie Nakata, "China: New Issues with Wealth Management Products of Concern to Authorities—Concerns Over Bond Market Leverage Expansion and Off-Balance Sheet Non-Performing Loans," Daiwa Institute of Research, March 7, 2017, 1-8

Yuxiong Chen, "The Development of 'Private Lending' in China and Its Logic," Seijo University Institute of Economic Studies Research Report, No. 76, March 2017, 1-36

Arifumi Miura, "Small and Medium-Sized Banks Amplifying Financial Risks in China: Growing Dependence on the Interbank Market and Wealth Management Products," JRI Review, No. 54, 2018, 4-30

Lirong Li, "The Role of Shadow Banking in China's Financial System and Future Challenges: Through a Comparison of Formation Processes and Functions," January 2019 (Waseda University)

Lirong Li, "Utilization of Big Data in Personal Finance in China," Quarterly Personal Finance, Spring 2019, 94-112

Lirong Li, "How Will the Landscape of Financial Services Change? Implications from Data-Driven Finance Advancing in China," Securities Review, Vol. 59, No. 6, June 2019, 66-83

Naoki Umehara, "Strengthening Regulations on Shadow Banking in China and Financial Reform," International Finance, No. 1322, July 1, 2019, 1-7

Tong Zhao and Tomokuni Mizunoue, "On China's P2P Internet Finance Regulations," Personal Finance Research, No. 6, February 2020, 81-97

Tong Zhao and Tomokuni Mizunoue, "Why Did China's P2P Internet Finance Fail?" Personal Finance Research, No. 7, 2020, 47-65

Lirong Li, "Recent Developments in Fintech in China and Implications for Japan," Financial Structure Research (Regional Banks Association of Japan), No. 42, June 2020, 18-37

Rie Nakata, "China: The Fundamental Reason for the Postponement of Ant Group's IPO and the Authorities' Policy Shift," Daiwa Institute of Research, November 30, 2020

Eiichi Sekine, Riya So, The Postponement of Ant Group's IPO and Its Background: Discussions on Strengthening Regulations for Financial Platformers in China, Nomura Capital Market Quarterly 2021 Spring, 25-42

Zhihui Li, Strategic Shifts of Alibaba, Tencent, and Ant Group, NRI, April 5, 2021

The Background Behind the Reversal of China's 'Shadow Banking' Balance Expansion, Toyo Keizai Online, April 21, 2021

Lirong Li, Shadow Banking in China: History of Formation and Future Challenges, Waseda University Press, May 2022
→ Hiroshi Fukumitsu, Comments on Lirong Li's Report, September 11, 2022

Shadow-banking risks in China curbed significantly, regulator says, Reuters, 2022/07/30