China’s Shadow Banks: Ideas for Reform | Brookings Tsinghua Center for Public Policy

Categories: Academic
by Project Pengyou on April 3rd, 2015   654 views

When and Where

  • 03/04/2015
    1:00 pm - 3:00 pm

  • Brookings-Tsinghua Center, School of Public Policy and Management
    302 Tsinghua University
    Beijing
    China
    (get map)

China’s Shadow Banks: Ideas for Reform | Brookings Tsinghua Center for Public Policy

Event Details

Given the severe financial crisis in the U.S. in 2008 and China’s rapid rate of credit creation in recent years, many analysts are deeply concerned about the risks embedded in China’s shadow banking system and argue for its necessary reform.

Friday, April 3, 1pm-3pm
“China’s Shadow Banks: Ideas for Reform”
Douglas Elliott, Fellow in Economic Studies, Brookings Institution
Qiao Yu, Nonresident Senior Fellow, Brookigns-Tsinghua Center
Brookings-Tsinghua Center for Public Policy
Brookings-Tsinghua Center, School of Public Policy and Management
302 Tsinghua University | Registration

The rapid growth of China’s shadow banking sector since 2010 has attracted much attention both at home and abroad. Given the severe financial crisis in the U.S. in 2008 and China’s rapid rate of credit creation in recent years, many analysts are deeply concerned about the risks embedded in China’s shadow banking system and argue for its necessary reform. What should be the key objectives and principles of such a reform? And how to achieve an optimum balance of societal benefits and risks for China’s shadowing banking?

Douglas J. Elliott, a fellow in Economic Studies at the Brookings Institution, and Qiao Yu, an expert on Chinese finance and also a nonresident senior fellow at the Brookings-Tsinghua Center, will share their observations on the development of Chinese shadow banking system and address their recommendations for its needed regulatory reform. The talk will be followed by Q&A session. Working language will be English.

Douglas Elliott is a fellow in Economic Studies at the Brookings Institution, and also a member of the Initiative on Business and Public Policy. He is an expert on the financial sector worldwide and its regulation, on pensions both corporate and state and local, and on the euro zone and its economic and financial governance. He once served as a financial institutions investment banker for two decades, and was the founder and principal researcher for the Center on Federal Financial Institutions.

To register, please click here.

Event information courtesy of Legation Quarter

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