This paper reviews the development and assesses the future of peer-to-peer (P2P) lending
in China. Chinese P2P lending has expanded by a factor of 60 over the 4 years from 2013 to …

Online supply-chain financing has been a relatively novel funding channel for suppliers as
small-and medium-sized enterprises (“SMEs”) to obtain loans in that the revolution of …

China's financial system is rapidly evolving. Both the emergence of shadow banking since
2009 and the growth of fintech since 2013 as forms of 'non-bank credit intermediation'have …

This paper explores the origin of China's recent credit and asset boom by comparing it with
the Japanese bubble economy in the late 1980s by focusing on the asymmetric pattern of …

Digital credit scoring is driving a number of significant transformations in Chinese economy
and society, catalyzing financial liberalization, deepening financial inclusion, and shifting …

Over more than thirty years of reform and opening, the Chinese Communist Party has
pursued the gradual marketization of China's economy alongside the preservation of a …

White-collar criminality continues to be a significant issue in countries with differing levels of
economic development. This paper provides a comparative analysis of white-collar crime …

This book focuses on the building of a crypto economy as an alternative economic space
and discusses how the crypto economy should be governed. The crypto economy is …

Why does shadow banking persist in China despite repeated policy efforts to contain it?
While studies of informal finance have traditionally emphasized the credit needs of private …

We examine the causal relationship between local financial intermediation (LFI) and foreign
direct investment (FDI) in China. Using the only data available on LFI from 166 Chinese …