Prof. Shen Wei, Dean and Professor of Law at Shandong University Law School, donated his latest book, Shadow Baking in China: Risk, Regulation and Policy (Edward Elgar Publishing, 2016), to the Center’s Library during his visit to the Center. He also gave a lecture on arbitral awards enforcement in China during his stay (read the summary of the lecture here).
Shadow Baking in China: Risk, Regulation and Policy by Prof. Shen is a timely publication. China’s shadow banking sector is about one third the size of China’s bank-lending market, and its continuing growth presents a challenge to both domestic and global financial stability in the long term. In his book, Prof. Shen defines the concept of shadow-banking, breaks it down into sub-sectors, and discusses the development of each, including wealth management products, peer-to-peer lending, local government financing vehicles, and underground lending. The book examines the driving market forces behind the sector’s growth, exploring the risk-taking dynamics, economic incentives and behavioural aspects. Prof. Shen also presents the formal state frameworks, including central and monetary policy and the supporting structures, and discusses the role, opportunities and regulation of shadow banking in the overall economy.
Prof. Shen’s book Shadow Baking in China: Risk, Regulation and Policy is now available at the China Law Center’s Library.
Prof. Shen Wei, Dean and Professor of Law at Shandong University Law School and KoGuan Chair Professor of Law at Shanghai Jiao Tong University Law School, and Global Professor of Law at New York University Law School. Prof. Shen has a career as a long-time law practitioner, focusing on FDI, private equity and M&As. He has studied abroad and holds multiple Master’s degrees in law and a PhD from London School of Economics. He has published over 130 articles in English and Chinese and is the author of multiple books in his field. Prof. Shen is an arbitrator with Hong Kong International Arbitration Commission, Shanghai International Arbitration Centre, Shanghai Arbitration Commission, Shenzhen International Court of Arbitration, and is a member of the Moody’s China Academic Advisory panel as well as the Financial Markets Law Committee’s G20 Steering Group.