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Financing Small and Medium Enterprises in China: Recent Trends and Prospects beyond Shadow Banking

Authors Tsai, Kellee Sing View this author's profile
Issue Date 2015
Source Working Paper Series, Dept of Industrial Engineering & Logistics Management, Hong Kong University of Science and Technology , 2015
Summary Small and medium enterprises (SMEs) represent the backbone of China's economy, yet they lack access to bank credit. SMEs thus rely on a wide range of alternative sources, including informal finance, online peer-to-peer (P2P) platforms, registered non-banking financial institutions (NBFIs), and underground financiers. This paper distinguishes among different types of 'shadow banking'to clarify popular misconceptions about the nature of risks associated with informal financial intermediation in China.
Language English
Format Working paper
Access Find@HKUST