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China’s Shadow Banking Sector: Wealth Management Products and Issuing Banks

Viral V. Acharya, Jun Qian, Zhishu Yang, Aug 09, 2017

The issuance of Wealth Management Products (WMPs) is an important form of shadow banking activities in China, especially after 2011. Viral Acharya, Deputy Governor of the Reserve Bank of India, Prof. Jun “QJ” Qian of Fanhai International School of Finance, Fudan University and Prof. Zhishu Yang of Tsinghua University examine the causes, main players and impacts on the banking system of China’s rising WMPs. They also compare the differences between the U.S. shadow banking sector and its counterpart in China.

Anatomy of the CNH-CNY Peg: The Crucial Role of Liquidity Policies

Saleem Bahaj, Ricardo Reis, Jun 26, 2024

This article discussing the changes in the exchange rate between the offshore yuan (CNH) and onshore yuan (CNY) help stabilize the CNY-US dollar exchange rate, but they also pose challenges to China's capital controls.

How House Prices Affected China’s Birth Rate Decline

Ziqian Liu, Yu Zhang, Nov 13, 2024

The article discusses how house prices have affected China's birth rate and explores the implications for the country's housing market and demographic future.

The Rise and Fall of Imperial China

Yuhua Wang, Dec 21, 2022

Why do some states stay intact for centuries, while others fall relatively soon after they are founded?

Industry/Policy View China’s Digital Economy: Opportunities and Risks

Longmei Zhang, Sally Chen, Aug 28, 2019

China’s digital economy has expanded rapidly in recent years, including both the emergence of new digital industries and the digitalization of traditional sectors. This brings significant opportunities but also potential risks. The blog discusses the pros and cons of digitalization and how the government can do better in maximizing the benefit while minimizing the risks.