The Basic Situation and Analysis of Shadow Banking in China and Foreign Countries

摘要

Shadow banking was first put forward by Mc Cully, the executive director of Pacific Investment Management Company, in the Fed's annual meeting in 2007, which he defines shadow banking as a kind of financial entities that divorced from the traditional banking system, almost unregulated or less regulated. Since then, the concept of shadow banking spread rapidly worldwide, and has been widely cited and elucidated. At the same time, shadow banking has become an increasingly important objective existence in China. Although the scale of shadow banking is still far smaller than the traditional system, but the development of shadow banking in China is fast, and the social influence is widespread. Therefore, on the basis of studying the history and current situation of the shadow banking around the world, this paper analyzes the Chinese shadow banking system.