period.Keywords:LocalGovernmentFinancingVehicles,TrustandEntrustedLoans,ShadowBankinginChina∗WethankChong-EnBai,KindaHachem,Chang-taiHsieh,JacopoPonticelli,ZhengMichaelSong,JunQian,ZhishuYang,andparticipantsatthe2016NankaiUniversitySchoolofFinanceAnnualConferenceandShanghaiUniversityofFinanceandEconomicsforhelpful...
He, and C. Liu (2017): "The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes," Unpublished Manuscript.Chen, Zhuo, Zhiguo He, and Chun Liu (2016). "The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes," Working Paper...
China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking activities after 2012. Local governments financed the stimulus through bank loans in 2009, and resorted to non-bank debt financing after 2012 given the rollover pressure from ...
Sockin, and Xiong (2017) provide a discussion on how financing flexibility may erode the effectiveness of the government’s well-intended policies. In particular, they argue that China’s liberalized financial system, by loosening financial regulations on the shadow banking system, does not allow...
These are: moves stemming from family relations; Chinese government initiatives; a... X Liu 被引量: 3发表: 1993年 The Local Government Fiscal Imperative and Debt Financing in China This paper argues that the People's Republic of China (PRC) should be considered alongside European examples as ...
Following international practices and debt sustainability principles, it is working to create a long-term, stable, sustainable and risk-controlled investment and financing system with innovative models and diverse channels in order to establish a stable, transparent and high-quality funding guarantee ...
It will continue to expand cooperation in investment and financing with Africa and strengthen mutually beneficial cooperation in agricultural and manufacturing sectors. By so doing, China will help African countries translate their strengths in resources into advantages in development and realize independent...
Financing Local Government in the 1990s 喜欢 0 阅读量: 6 作者: William H. Oakland 摘要: This article summarizes the proceedings of a conference on state and local finance issues held under the auspices of Taxation, Resources, and Economic Development (TRED) during October 1991. DOI: 10.1177...
To ensure implementation of tax and fee reduction policies, the central government significantly increased transfer payments to local governments. We provided guidance to financial institutions on increasing credit supply and lowering financing costs. Average interest rates on new enterprise loans fell to ...
China's human resources and Social Security Ministry in China, at the end of September this year, 31 provincial-level areas, of the 21 local governments will minimum wage standards an average 21.7 % increase. There are also several local government commitment to raise the minimum wage standards...