Author(s)

Yifan Zhang, Chao Pan

Corresponding Author

Yifan Zhang

Abstract

In recent years, policy uncertainty tends to rise with the slowdown of China's economic growth, the inadequate transmission channels of monetary policy make the effectiveness of non-banking financial institutions decline, resulting in the expansion of the scale of non-banking financial institutions. With the introduction of new regulations on capital management, regulatory authorities continue to strengthen the supervision of non-banking financial institutions, while reducing systemic risks

Keywords

Central bank, Shadow banking, Policy uncertainty, Expected management