Formal opening: Dr Jane Golley, Director, Australian Centre on China in the World
Keynote address: Dr Sara Hsu (China Rising Capital Forecast)
Shadow banking in China as “funny money”
Shadow banking in China was viewed as “funny money,” or illegitimate finance, for several years during its initial growth stages. The industry was seen as overly risky, potentially undermining the formal financial system. Only in the past couple of years has the Chinese Government striven to support the role of the shadow banking sector, which has become an increasingly important part of the financial system. This keynote address shows how the “funny money” of shadow banking became legitimised under the title “total social finance.” Dr Hsu will also explore how much further shadow banking components have to go to eliminate risks and remove any traces of being “funny.”
This public lecture is part of the “Funny Money” workshop funded by the Australian Centre on China in the World.
Keynote presentation will be followed by refreshments - registration is essential.