Private Lending In China

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Private Lending in China

Author : Lerong Lu
Publisher : Routledge
ISBN 13 : 0429823908
Total Pages : 246 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Private Lending in China by : Lerong Lu

Download or read book Private Lending in China written by Lerong Lu and published by Routledge. This book was released on 2018-12-07 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores China’s private lending market from historical, economic, legal, and regulatory perspectives. Private lending refers to moneylending agreements between business borrowers and their debt investors without the involvement of banks. In China, it remains difficult for private entrepreneurs to obtain sufficient loans from state-owned banks. Thus, private lending has been a vital alternative financing channel for over 80 million businesses which are reliant on private funds as their major source of operating capital. The market volume of private financing stands at 5 trillion yuan ($783bn), making it one of the largest shadow banking systems in the world. Despite the wide popularity and systemic importance of private lending activities, they have remained outside of the official regulatory framework, leading to extra financial risks. In 2011, China’s private lending sector encountered a severe financial crisis, as thousands of business borrowers failed to repay debts and fell into bankruptcy. Lots of bosses who found it impossible to liquidate debts ran away to hide from creditors. The financial turmoil has caused substantial monetary losses for investors across the country, which triggered social unrest and undermined the financial stability. This book is a timely work intended to demystify China’s private lending market by investigating its historical development, operating mechanism, and special characteristics. It evaluates the causes and effects of the latest financial crisis by considering a number of real cases relating to helpless investors and runaway bosses. It conducts an in-depth doctrinal analysis of Chinese laws and regulations regarding private lending transactions. It also examines China’s ongoing financial reform to bring underground lending activities under official supervision. Finally, the book points out future development paths for the private lending market. It offers suggestions for global policymakers devising an effective regulatory framework for shadow banking. It appeals to researchers, lecturers, and students in several fields, including law, business, finance, political economy, public policy, and China study.

The Regulation of Private Lending in China

Author : Lerong Lu
Publisher :
ISBN 13 :
Total Pages : 558 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Regulation of Private Lending in China by : Lerong Lu

Download or read book The Regulation of Private Lending in China written by Lerong Lu and published by . This book was released on 2017 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Market-Based Regulatory Responses to Private Lending in China

Author : Shen Wei
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Market-Based Regulatory Responses to Private Lending in China by : Shen Wei

Download or read book Market-Based Regulatory Responses to Private Lending in China written by Shen Wei and published by . This book was released on 2017 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Along with China's economic downturn, there has been an increase in the size of China's underground lending market. The mounting risk in connection with this underground lending market triggers tremendous interest and debates over appropriate and effective regulatory responses. Because of its private and non-transparent character, the underground lending market is likely to confound those seeking to find “black letter” law governing its regulatory framework. Instead of relying on its conventional tighten-up strategy--using the muscle of the Criminal Law--China has orchestrated an experiment by allowing local legislation to formalize part of the underground lending market, as well as a judicial approach by recognizing a higher interest rate charged by underground lenders to borrowers. This article tries to understand the underlying rationale of regulatory and judicial movements through both law and society, and law and finance lens.

Financing the Underfinanced

Author : Jiazhuo G. Wang
Publisher : Springer
ISBN 13 : 3662465256
Total Pages : 181 pages
Book Rating : 4.6/5 (624 download)

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Book Synopsis Financing the Underfinanced by : Jiazhuo G. Wang

Download or read book Financing the Underfinanced written by Jiazhuo G. Wang and published by Springer. This book was released on 2015-04-07 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, as a comprehensive, in-depth analysis of one of the fastest-growing industries in China, covers all the most important areas and issues in the country’s online lending industry. It includes, but is not limited to, the history of online lending, the scale of the online lending market, the basic business models in and a risk analysis of online lending, the characteristics of typical online-lending borrowers and investors/lenders, the root causes of bankruptcy among failed online lending platforms, a comparative analysis of online lending platforms inside and outside China, the overall ranking of online lending platforms in China and finally, the outlook for the online lending industry in the future. The integration of Internet and finance has, in recent years, been among the most notable topics discussed in the media, the business community and academia, both in China and worldwide. The chapters are supplemented with detailed case studies, which include illustrations and tables and the book combines theoretical analysis with conceptual discussions of and best practices in the online lending industry. It will be of interest to a variety of readers worldwide, including: (1) existing and potential online borrowers; (2) existing and potential online lenders; (3) investors and professionals running online lending platforms; (4) traditional bankers and major shareholders in traditional financial institutions; (5) staff in regulatory government agencies; (6) academics; and (7) the general public.

'Runaway Bosses' in China

Author : Lerong Lu
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis 'Runaway Bosses' in China by : Lerong Lu

Download or read book 'Runaway Bosses' in China written by Lerong Lu and published by . This book was released on 2016 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mr Ding Hui, the chairman and chief executive of a Hong Kong-listed fashion retailer, Fujian Nuoqi Co Ltd, suddenly went missing in July 2014. As a result, the company's share price slumped by more than 50% in three consecutive days. It remained mysterious about Mr Ding's motivation for abandoning his business empire, but later on news report revealed that the incident had something to do with his enormous debts owed to several moneylenders. In China, the state-dominated banking sector is reluctant to lend to private-owned businesses, so entrepreneurs often have to borrow money from shadow banks to fund their business ventures. According to one estimate, the market scale of China's informal financial system amounted to 5 trillion yuan (US$806 billion). However, in absence of regulation, private lending led to a series of credit crisis in recent years, which has been evidenced by an increasing number of insolvent businesses and runaway bosses. In response to this, the Chinese authority has launched a series of financial reform in order to effectively regulate the rampant lending market and improve the availability of credits for money-starved entrepreneurs. Most recently, China's first financial regulation regarding private lending, “Wenzhou Private Financing Regulation”, came into effect in 2014, which created a registration-based regulatory regime. This article aims to examine the popular phenomenon of runaway bosses in China. It will try to find out why the private lending mechanism inevitably led to credit crunches and fugitive bosses recently, as well as to analyse the tentative regulatory system regarding private financing.

Globalizing Patient Capital

Author : Stephen B. Kaplan
Publisher : Cambridge University Press
ISBN 13 : 110718231X
Total Pages : 411 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Globalizing Patient Capital by : Stephen B. Kaplan

Download or read book Globalizing Patient Capital written by Stephen B. Kaplan and published by Cambridge University Press. This book was released on 2021-07-15 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines China's overseas financial investments in the developing world, and its impact on national economic policymaking in the Americas.

Back-Alley Banking

Author : Kellee S. Tsai
Publisher : Cornell University Press
ISBN 13 : 1501717154
Total Pages : 335 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Back-Alley Banking by : Kellee S. Tsai

Download or read book Back-Alley Banking written by Kellee S. Tsai and published by Cornell University Press. This book was released on 2018-05-31 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks continue to serve state-owned enterprises, yet most private financing remains illegal. How have Chinese entrepreneurs managed to fund their operations? In defiance of the national banking laws, small business owners have created a dizzying variety of informal financing mechanisms, including rotating credit associations and private banks disguised as other types of organizations. Back-Alley Banking includes lively biographical sketches of individual entrepreneurs; telling quotations from official documents, policy statements, and newspaper accounts; and interviews with a wide variety of women and men who give vivid narratives of their daily struggles, accomplishments, and hopes for future prosperity. Kellee S. Tsai's book draws upon her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well-defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainty of formal political and economic institutions to enhance local prosperity.

Shadow Banking for Cash-Strapped Entrepreneurs

Author : Lerong Lu
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Shadow Banking for Cash-Strapped Entrepreneurs by : Lerong Lu

Download or read book Shadow Banking for Cash-Strapped Entrepreneurs written by Lerong Lu and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article discusses and analyses one of the most popular commercial contracts in China: private lending agreement. It refers to moneylending arrangements between a business borrower and its debt investors. Millions of private businesses in China, having limited access to the state-dominated banking sector, rely on private financing to borrow funds. The market volume of the private lending sector amounts to CNY 4 trillion (USD 580.6 billion). In 2014, there were 1.02 million private lending-related civil cases heard by Chinese courts.

Private Equity in China

Author : Kwek Ping Yong
Publisher : John Wiley & Sons
ISBN 13 : 0470826541
Total Pages : 326 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Private Equity in China by : Kwek Ping Yong

Download or read book Private Equity in China written by Kwek Ping Yong and published by John Wiley & Sons. This book was released on 2012-01-12 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn valuable lessons from the newly successful private equity players in China and explore the challenges and opportunities offered in Chinese markets The first book to deal with private equity finance in China, Private Equity in China: Challenges and Opportunities provides much-needed guidance on an investment concept that has so far proved elusive in Asia. Focusing on the opportunities that the Chinese finance market offers to private equity firms, the book shows how these firms can strategically position themselves in order to maximize success in this new marketplace. Private Equity in China includes in-depth case studies illustrating both successful and failed ventures by private equity firms operating in China, outlining the challenges faced by private equity firms in setting up new funds. It contains a collection of valuable experience and insights about acquiring companies and turning them around essential for any firm currently operating in, or considering entering, the Chinese market. Discusses the challenges faced by private equity firms in China including setting up the initial fund, fund raising, deal sourcing, deal execution, and monitoring and exit strategies Provides key insights drawn from keen observations and knowledge of the more mature private equity market in Western countries, analyzing the way forward for the Chinese private equity industry Discusses the role of renminbi-denominated funds in the development of the private equity industry in China Breaking new ground in exploring and explaining the private equity market in China, the book offers incredible new insight into how equity companies can thrive in the Chinese marketplace.

Invest, Work & Live in China

Author : Camille Ka Man Hui
Publisher :
ISBN 13 : 9781096261698
Total Pages : 216 pages
Book Rating : 4.2/5 (616 download)

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Book Synopsis Invest, Work & Live in China by : Camille Ka Man Hui

Download or read book Invest, Work & Live in China written by Camille Ka Man Hui and published by . This book was released on 2019-10 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The interest of foreign enterprises and multinational companies in China market keeps climbing up over the years. Our consultants and lawyers receive increasing numbers of enquiry from clients regarding expansion their business into China. The authors are familiar in handling different types of foreign clients who run their business in China. We understand that foreigners may encounter various problems because of the misunderstanding to the legal system and judicial practice in Mainland China. By illustrating the most frequently asked questions, foreigners are able to work, live and invest in China with a clearer guideline in doing things right. We hope everyone can be winner in doing business in PRC complying with the legal system and carry out their business in China effectively.Dr. Dennis Tang has near 20 years of working experience as senior management with foreign-invested enterprises and practicing lawyer in Mainland China. Ms. Camille Hui specializes in China Business with extensive experiences in law firms of Hong Kong and China. For any feedback and enquiry, please contact us at our website www.chinalawservices.com.PART I - Welcome to China!China at a Glance 8Political System 9Legal System 10Financial System 11Economy 12Language 15Business etiquette 16.... (and 10 other topics)PART II - Investing in ChinaMy business in foreign country is running quite well that we may want to expand into China. Are all kinds of business nature welcomed in China? 50A friend recommended me to invest into a Chinese Company for its shares, what are the major areas I should be aware of? 52What are the fundamentals for start doing business in China? 54What are the risks of doing business without having a proper entity? 57Why foreign investor should start with Hong Kong before entering into China market? 60How shall I choose between WFOE and RO for my business? 62How can one transfer money in and out of China? 65.... (and 13 other topics)PART III Working & Living in ChinaIf I frequently represent my company to work in China, do I need any application? 107What are the major concerns for expatriate to work in China as employee? 108What are the details I should be aware of if I sign employment contract with company in China? 111My Chinese colleagues have joined the social security insurance scheme, do I need one too? 114How shall I pay tax if I always live in foreign countries but employed in China? 118.... (and 15 other topics)PART IV Frequently Asked Questions on Chinese LawWhat happens if I get caught working illegally in China? 171When expatriates breaking law in China, will they be treated differently? 173My money in my China bank account has been wrongly transferred to the swindler. What should I do? 176Is it illegal to play mahjong or cards in China? 179What should I do if my pet bites others? 184I heard that private lending in China is illegal, isn't it? 186.... (and 15 other topics)

Shadow Banking in China

Author : Shen Wei
Publisher : Edward Elgar Publishing
ISBN 13 : 1784716774
Total Pages : 470 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Shadow Banking in China by : Shen Wei

Download or read book Shadow Banking in China written by Shen Wei and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book investigates the dynamic causes, key forms, potential risks and changing regulation of shadow banking in China. Topics discussed include P2P lending, wealth management products, local government debts, and the underground lending market. Taking policy considerations into account, the author provides a comprehensive analysis of the regulatory instruments tackling the systemic risks in relation to China's shadow banking sector. Central bank's role, interest rate formation mechanism, exchange rate reform and further deepening reform of the regulatory regime and financial markets are also thoroughly discussed in the context of China's continuing financial reform.

Regulating China's Shadow Banks

Author : Qingmin Yan
Publisher : Routledge
ISBN 13 : 1317269462
Total Pages : 253 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Regulating China's Shadow Banks by : Qingmin Yan

Download or read book Regulating China's Shadow Banks written by Qingmin Yan and published by Routledge. This book was released on 2015-12-14 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s shadow banking has been a top issue in the past few years. Scholars, policymakers, and professionals around the world are seeking deeper insight into the subject, and the authors had unique insight into the sector through their positions high up in the regulatory apparatus. "Regulating China’s Shadow Banks" focuses on the regulation of shadow banks in China and provides crucial information to demystify China’s shadow banking and associated regulatory challenges. This book defines "shadow banking" in the Chinese context, analyzes the impact of shadow banking on the Chinese economy, includes a full-scale analysis on the current status of Chinese financial regulation, and provides valuable advice on the regulation of China’s shadow banks.

Shadow Banking in China

Author : Andrew Sheng
Publisher : John Wiley & Sons
ISBN 13 : 1119266343
Total Pages : 186 pages
Book Rating : 4.1/5 (192 download)

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Book Synopsis Shadow Banking in China by : Andrew Sheng

Download or read book Shadow Banking in China written by Andrew Sheng and published by John Wiley & Sons. This book was released on 2016-05-09 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to the rise of Chinese shadow banking and its systemic implications Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief Advisor to the China Banking Regulatory Commission and former Chairman of the Securities and Futures Commission in Hong Kong, this book is unique in providing true, first-hand perspectives from authorities within the world's largest economy. There is little widely-available information on China's shadow banking developments, and much of it is rife with disparate data, inaccuracies and overblown risks due to definitional and measurement differences. This book clears the confusion by supplying accurate information, on-the-ground context and invaluable national balance sheet analysis you won't find anywhere else. Shadow banking has grown to be a key source of credit in China, and a major component of the economy. This book serves as a primer for analysts and investors seeking real, useful information about the sector to better inform investment decisions. Discover what's driving the growth of shadow banking in China Learn the truth about both real and inflated risks Dig into popular rhetoric and clarify common misconceptions Access valuable data previously not published in English Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors. Shadow Banking in China provides authoritative reference that will prove valuable to anyone with financial interests in China.

Report on the Development of Household Finance in Rural China (2014)

Author : Li Gan
Publisher : Springer
ISBN 13 : 9811004099
Total Pages : 144 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Report on the Development of Household Finance in Rural China (2014) by : Li Gan

Download or read book Report on the Development of Household Finance in Rural China (2014) written by Li Gan and published by Springer. This book was released on 2016-03-17 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book reports on the development of household finances in rural China. It is based on the results of an on-site survey conducted door to door by a research team from the Survey and Research Center for China Household Finance, the largest survey center in China – and perhaps the world – that specializes in Chinese household finances. Directed by financial experts that enjoy the highest honors in their field and the largest interviewer group in China, it reveals the most realistic picture of rural China available today and highlights a topic about which people worry most: household finances. By reading this inspiring report, readers will be able to better understand China from a household finance perspective.

Law and Practice of Debt Finance in Modern China

Author : Xin Zhang
Publisher : Springer Nature
ISBN 13 : 9811663408
Total Pages : 327 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Law and Practice of Debt Finance in Modern China by : Xin Zhang

Download or read book Law and Practice of Debt Finance in Modern China written by Xin Zhang and published by Springer Nature. This book was released on 2021-10-23 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides updated, full-picture analysis of the laws and practices of cross-border debt finance in the PRC. It is featured by the first-handed experiences of the author’s academic research and legal practice in this field over two decades. The author discusses legal and regulatory issues, transaction structures and documentation in relation to two debt finance products: loan and bond, covering the inbound structure (Chinese debtors’ raising funds from the international market) and the outbound structure (Chinese creditors’ supplying funds to the international market). For cross-border loans, this book thoroughly illustrates the foreign debt regulatory regime in the PRC and approaches the lending by Chinese banks to support exports and overseas investments under the “Belt and Road Initiative” (BRI). For cross-border bonds, it discusses how Chinese issuers, by designing various transaction structures, enter into the international bond market, and then researches the “opening-up” of Chinese bond market to both international issuers (for issuing “Panda Bonds”) and investors (for purchasing Chinese bonds). This book is used as an authoritative source for not only students and researchers, but also bankers and legal practitioners, who are interested in the Chinese debt finance market.

Informal Finance in China

Author : Jianjun Li
Publisher :
ISBN 13 : 0195380649
Total Pages : 216 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Informal Finance in China by : Jianjun Li

Download or read book Informal Finance in China written by Jianjun Li and published by . This book was released on 2009 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informal finance consists of nonbank financing activities, whether conducted through family and friends, local money houses, or other types of financial associations. It has provided much-needed financing to small and medium enterprises (SMEs) in particular, in the face of a tightly constrained and overburdened formal banking system. Unable to obtain a bank loan, firms have relied upon individuals and informal organizations outside of the banking system to obtain financing for their ventures or working capital (operating funds). Presently there is a scarcity of information on informal finance in China and it is expected to have a significant impact upon GDP and money supply. This book, with contributions from leading scholars, describes the evolution, characteristics, and variation of informal finance in China from American and Chinese perspectives. Literature by Jiang Shuxia, Jiang Xuzhao, and Li Jianjun has heretofore been available only in Chinese, while work by Kellee Tsai, Jianwen Liao, Harold Welsch, David Pistrui, and Sara Hsu has been available in English. For the first time, they come together to discuss informal financing and its many aspects. Most of the essays are based upon original survey research conducted locally, as this type of data is not normally collected by the government. The papers pioneer the description and analysis of the nuances of informal finance from several perspectives; the authors look at the social, cultural, political, and economic causes of informal finance, its many variations, and its economic, personal, and political ramifications.

Conceptualizing the Regulatory Thicket

Author : Shen Wei
Publisher : Routledge
ISBN 13 : 1000200345
Total Pages : 279 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Conceptualizing the Regulatory Thicket by : Shen Wei

Download or read book Conceptualizing the Regulatory Thicket written by Shen Wei and published by Routledge. This book was released on 2020-10-18 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China’s financial market after the global financial crisis. The book provides an in-depth analysis of China’s contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed China’s banks into more market-oriented institutions and increased public sector growth. However, China’s financial market and financial regulation have some inherent weaknesses and deficiencies. This book also offers insights into how this can be improved or adapted to minimize systemic risks in China’s financial sector. This book tries to prove that financial regulation is not just a vehicle for maintaining efficient financial markets but a primary tool through which the Chinese government achieves its political and economic objectives. More fundamentally, according to the law and finance theory, strong market and vibrant judicial systems are needed to further modernize China’s financial markets and market economy. The book will be a useful reference for anyone interested in learning from the Chinese experience.