Abstract: The shadow banking systems of the United States and other countries have been affected by and in many ways blamed for the recent financial crisis. The Financial Stability Board (FSB) has issued a proposal for regulating the shadow banking systems in its member countries. As a result, China’s shadow banking system has become a sensitive topic that requires further examination. This paper attempts to analyze the state of the shadow banking system in this country.
I. LEGITIMATE NON-BANK CREDIT
II. ILLEGITIMATE NON-BANK CREDIT
II. ILLEGITIMATE NON-BANK CREDIT