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China's shadow banking: New growth model or the next Lehman Brothers?

UWE Bristol

Room 2X242, Faculty of Business and Law building, Frenchay Campus
2 Nov 2017 4 p.m. – 5:30 p.m., UWE Bristol

Since the global financial crisis, shadow banking in China has grown rapidly as a result of financial repression, macro policy, and the politics of local-central government relationships.  Is this the financial Wild West, the escape valve of a financial system repressed by the long hand of the state or a carefully engineered process to bring market forces into the financial system? How successful are China¹s policies to transform shadow banking into securities-market based finance? Have they
really addressed concerns about implicit state guarantees? And how do reforms fit with the need for deep and liquid securities markets if Reminibi internationalisation is to succeed?

Christopher Balding is an Associate Professor in Business and Economics at the HSBC Business School of Peking University Graduate School in Shenzhen, China.  One of the leading experts on the Chinese economy and financial markets, he is a Bloomberg View contributor and advises governments, central banks, and investors around the world.  He has contributed to
Bloomberg, the Wall Street Journal, the Financial Times, BBC, CNBC, and Al-Jazeera. He tweets at
@BaldingsWorld

Daniela Gabor is Professor of Economics and Macrofinance at UWE Bristol. Her research project 'Managing shadow money', funded by the Institute for New Economic Thinking since 2015, explores shadow banking in the US, Europe and China.  One of the project papers, 'Goodbye (Chinese) shadow banking, hello market-based finance', will be published in Development and Change in December 2017. She is finalising a book manuscript on Shadow Money. She blogs at criticalfinance.org <http://criticalfinance.org/> and tweets at @DanielaGabor <http://twitter.com/danielagabor>

Jo Michell is Associate Professor in Economics at UWE Bristol. He has a PhD in Economics on from SOAS University of London, written about the Chinese banking and financial system. His research interests include macroeconomics, money and banking, and income distribution. He has published on macroeconomics and finance in peer reviewed journals including the Cambridge Journal of Economics and Metroeconomica. He co-edited the Handbook of Critical Issues in Finance with Jan Toporowski
(Elgar, 2012).

Organising committee: