Asia Program

From the Pacific Exchange Blog

Dim Sum Bonds Take a Dive

Posted February 21, 2017

The development of an offshore bond market, colorfully referred to as dim sum bonds, is an important pillar of China’s strategy to make the renminbi a global currency. However, like other aspects of renminbi internationalization, the growth of the offshore bond market has been halting and uneven.

Pacific Exchanges Podcast: Shadow Banking in China

Posted February 16, 2017

Shadow banking has grown quickly in China, driven by regulatory arbitrage and the growing role of non-bank financial institutions in the financial sector. In this episode of Pacific Exchanges, we sat down with our colleague Cindy Li to discuss her recent paper on shadow banking in China.

Auditing the Auditors in Asia

Posted January 6, 2017

Even the best financial regulation can be undone by faulty or inaccurate financial reporting. Accounting regulatory regimes, which include auditor oversight, are critical in ensuring that the plumbing of the financial system works and ultimately the stability of the economy.

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