Underground finance in China

Author: Fujian People's Publishing House
Publisher:
Publish Date: 2001-02-01
Features: This is a comprehensive and systematic study of the "underground finance" phenomenon in China. The author theoretically defines "underground finance" and categorizes it into gray finance and black finance. From the perspective of institutional change, it analyzes the formation mechanism of gray finance. It introduces the characteristics, operational methods, and causes of informal financial activities. It examines illegal activities in the foreign exchange market. It analyzes illegal and regulatory violations in the stock market with case studies. It proposes monetary policy measures to address the "underground finance" phenomenon.