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. Abstract shadow banking in china risk regulation and policy by professor shen wei is a timely book presenting readers with a comprehensive and coherent conceptualization of shadow banking in china. Reforming shadow banking in china deal of direction to banks through a variety of regulations and formal and informal guidance there is certainly significant risk that a crisis could . The brookings institution shadow banking in china 1 executive summary shadow banks are financial firms that perform similar functions and assume similar risks to banks. Shadow banking financial risk and regulation in china and other developing countries 1 steven l schwarcz 2 shadow banking is growing rapidly in a number of developing countries including china where it has been estimated at around 20 trillion yuan which is approximately a third the size of chinas bank lending market 3 the
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