Managing financial risks amid China's economic slowdown. (2019)

• Record Type: Book
• Further Information: Note: Yang Li, editor.
• Other Names: Li, Yang, 1951-
• Contents: Intro; Series Preface; Introduction: Structural Slowdown to China's Economic Growth; International Economic Background of China's Economic Slowdown; China's Economy in the New Normal; About China Finance and Development Report; Contents; About the Editor; 1 Interest Burden and Debt Sustainability; 1.1 Latest Progress of Deleveraging in China's Real Economy Sector; 1.1.1 Household Sector Leverage Swiftly Increased, Up Nearly 5% Points in 2016; 1.1.2 Leverage Ratio of Non-financial Enterprises Ceased to Increase Yet Corporate Deleveraging Remains a Top Priority 1.1.3 Slight Deleveraging of Government Sector May Be a Short-Lived Phenomenon1.2 Estimate of Interest Payment in Real Economy Sector; 1.2.1 Household Sector; 1.2.2 Non-financial Corporate Sector; 1.2.3 Government Sector; 1.2.4 Total Interest Payment of the Real Economy Sector; 1.3 Analysis of Debt Sustainability; 1.3.1 Interest Burden of the Real Economy Sector; 1.3.2 Perspective of Government Debt Sustainability; 1.3.3 Perspective of Sovereign Balance Sheet; 2 Sophistication of China's Financial System; 2.1 Bank-Dominated Sophisticated Financial System 2.1.1 Transformation of China's Financial System Structure2.1.1.1 Share of Non-credit Financing Spiked; 2.1.1.2 Rising Status of Nonbanking Financial Institutions; 2.1.1.3 Defects Exist in Interest Rate and Exchange Rate Mechanisms; 2.1.1.4 Financial Market Flaws Persist; 2.1.2 Theory of Money and Credit; 2.1.2.1 Financial System Based on "Indirect Financing" (Bank-Dominated Financial System); 2.1.2.2 Financial System with the Inclusion of "Direct Financing" (Market-Dominated Financial System); 2.1.2.3 Sophisticated Financial System; 2.2 Shadow Banking and the Shadow of Banks 2.2.1 Manifestations of Shadow Banking in China2.2.2 Off-Balance-Sheet Operations of Shadow Banks; 2.2.2.1 Credit Creation Through Partnership Between Banks and Nonbanking Financial Institutions; 2.2.2.2 Credit Creation Through Interbank Business; 2.2.2.3 Off-Balance-Sheet Operation Through the Creation of NPL Fund with AMCs; 2.2.3 Financial Risks of China's Shadow Banking System; 2.2.3.1 Liquidity Risks Arising from Maturity Mismatch; 2.2.3.2 Credit Default Risks; 2.2.3.3 Risks of Leverage Ratio; 2.3 Credit Aggregate; 2.3.1 Creation of Non-financial Sector Credit Aggregate Indicator 2.3.1.1 Bank (Domestic and Foreign) Credit2.3.1.2 Domestic and Overseas Non-financial Bonds; 2.3.1.3 Shadow Banking; 2.3.2 Credit Creation and Sources; 2.3.2.1 Credit Creation Sectors; 2.3.2.2 Credit Source Sectors; 2.3.3 Internal Financing of Financial Sector; 2.4 Transformation of Financial Regulation Framework Under the Sophisticated Financial System; 3 Corporate Leverage from the Perspective of Return on Assets-Two-Level Deviations of Macro and Micro Leverage Ratios; 3.1 Manifestations of Return on Assets; 3.2 Manifestations and Analysis of Micro-leverage
• Publisher Details: Singapore : Springer
• Publication Date: 2019
• Extent: 1 online resource (183 pages)
• Subjects: 330.951; Economic history; Economic policy; China -- Economic conditions -- 2000-; China -- Economic policy -- 2000-; China; Electronic books
• Languages: English
• ISBNs: 9789811357527; 9811357528
• Related ISBNs: 9789811357510
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.