Shadow Banking System: Function, Vulnerability and Regulatory Reform (Chinese Edition)

This book has clarified the nature, definition and composition of the shadow banking system, integrated with the operation procedures of the shadow banking system, to discuss the main function of the shadow banking system, analyzed the vulnerability of the shadow banking system from the perspective of pro-cyclicality, maturity mismatch, financial innovation, leverage , relevance, regulatory arbitrage, financial safety net, gave analysis on situation and key issues of Chinas financial regulatory, and proposed policy suggestions of regulatory reform of Chinas shadow banking system.