Informal Finance in China: Risks, Potential and Transformation
Dr Ding Chen (with Professor Simon Deakin, University of Cambridge; Professor Andrew Johnston; Dr Navajoti Samanta; Professor Frank Stephen, University of Manchester)
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This an interdisciplinary research project exploring informal finance in China, the risks it is generating, its potential to support economic growth, and its transformation in the light of new technologies and a developing regulatory agenda. The work is being carried out by the Cambridge Business Center for Research in collaboration with the School of Law, University of Sheffield, the School of Law, Renmin University, Beijing, and the College of Finance and Statistics, Hunan University. The project is funded by ESRC and has the following aims:
- To understand the potential, but also the limits, of systems of informal financing in China
- To analyse the relationship between formal and informal finance in China
- To examine the risks posed by China’s shadow banking system
- To study the emergence in China of new forms of financing using big data and cloud computing to drive financial innovation, including P2P lending, crowd funding and similar collective investment schemes
- To explore the scope for the development of social credit systems in China.