Implicit guarantees and the rise of shadow banking: The case of trust products

Citations

Cited by:

1. Ma, Yongfan & Hu, Xingcun, 2024. "Shadow banking and SME investment: Evidence from China's new asset management regulations," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 332-349.
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5. Xiao, Zumian & Niu, Yiran & Xiang, Lijin & Cui, Yingshuo, 2024. "Central bank digital currency and corporate debt financing costs: Empirical evidence from China," Finance Research Letters, Elsevier, vol. 69(PB).
6. Wang, Chenhao & Shi, Yushui & Liu, Yu-Jane, 2023. "Financial advisor's covert discrimination against long-term clients," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
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10. Cao, Xiao & Gong, Xiaomin & Gu, Runsheng & Li, Yuhang & Liu, Xinyuan, 2024. "Do regional trusts alleviate bond market risks? Evidence from the Chinese municipal corporate bond pricing," International Review of Financial Analysis, Elsevier, vol. 96(PB).
11. Du, Kunhai & Zhao, Qicheng & Yin, Yugang & Zhang, Tiancheng, 2024. "Marketing executives and corporate performance: From the perspective of marketing digitalization," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 631-644.
12. Nyborg, Kjell G. & Woschitz, Jiri, 2025. "Robust difference-in-differences analysis when there is a term structure," Journal of Financial Economics, Elsevier, vol. 170(C).
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13. Lei, Ningze & Huang, Liqiang, 2023. "Corporate financing from shadow banking and bond credit spreads," Finance Research Letters, Elsevier, vol. 58(PB).
14. Cheng, Feiyang & Gao, Haoyu & Pan, Xiaofei & Qian, Meijun & Zhou, Qing (Clara), 2025. "China's debt market: Evolution, regulation, and global integration," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
15. Yin, Doudou & Si, Deng-Kui & Wang, Yun, 2024. "How does corporate investment respond to trade policy uncertainty in China? The role of political connections," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1429-1445.
16. Chao Yuan & Hai Jiang & Jiawen Ren & Nikos Kapitsinis, 2024. "Collateral Monetary Policy, Regional Financial Development, and Nonfinancial Firms' Shadow Banking Activities," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 32(5), pages 166-196, September.
17. Li, Mengru & Huang, Yongjian, 2024. "Financial regulation and financial market stability: Evidence from stock price crash risk," Finance Research Letters, Elsevier, vol. 69(PB).
18. Wan, Xiaoli & Margaritis, Dimitris, 2024. "Shadow banking and loan pricing of commercial banks: Evidence from China," Emerging Markets Review, Elsevier, vol. 60(C).
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20. Chen, Hong & Jin, Zhao & Tang, Yanfei, 2025. "The innovation effects of regulation on bank wealth management products: Theory and evidence from China," Journal of Banking & Finance, Elsevier, vol. 181(C).
21. Cao, Xiao & Gu, Runsheng & Ji, Xiaoqing & Li, Yuhang & Zhang, Ruifeng, 2025. "The dual effect of upper-level government implicit guarantees on subordinate municipal corporate bond credit risk: An empirical analysis," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
22. Li, Zongyuan & Li, Jingya & Chang, Xiao, 2024. "Market uncertainties and too-big-to-fail perception: Evidence from Chinese P2P registration requirements," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 95(C).
23. Wang, Jiaxin & Huang, Xiang & Gu, Qiankun & Song, Zilong & Sun, Ruiyi, 2023. "How does fintech affect bank risk? A perspective based on financialized transfer of government implicit debt risk," Economic Modelling, Elsevier, vol. 128(C).
24. Viral V. Acharya & Jun “QJ” Qian & Yang Su & Zhishu Yang, 2025. "Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China," Management Science, INFORMS, vol. 71(7), pages 5645-5675, July.
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