Author(s)

Jin Liu ¹

Affiliation(s)

¹ University of Sydney (USYD), Sydney, NSW 2006, Australia

Corresponding Author

Jin Liu

ABSTRACT

As a credit intermediary system that is free from supervision, shadow banking has the characteristics of low transparency, high leverage, and a single source of funds. Its operating risks can be transmitted throughout society and cause systemic financial risks. This article starts from the two aspects of "shadow banking" and "systemic financial risk", firstly, it will analyze the causes of China's shadow banking, and show the development status and risks of China's shadow banking; Secondly, the research will analyze the transmission route of the impact of shadow banking on systemic financial risks; finally, it will propose relevant governance opinions to promote the stable development of the financial system.

KEYWORDS

China's shadow banking; systemic financial risk; risk transmission process; governance options

CITE THIS PAPER

Jin Liu, The Impact of China's Shadow Banking on Systemic Financial Risks. Accounting and Corporate Management (2022) Vol. 4: 46-52. DOI: http://dx.doi.org/10.23977/acccm.2022.040505.

REFERENCES

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