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BEGIN:VEVENT
DTSTAMP:20260615T002222Z
DTSTART;VALUE=DATE-TIME:20151027T160000
DTEND;VALUE=DATE-TIME:20151027T173000
SUMMARY:Dr Keming Yang (Durham) - "The Perils of Informality: Default of 
 Informal Finance in Post-Mao China"
TZID:Europe/London
UID:20151027-094d43f5503866c60150389a0f0b1b4d@warwick.ac.uk
CREATED:20151005T152351Z
DESCRIPTION:27th October - Dr Keming Yang (Durham) 4pm. Cowling room S2.7
 7 The Perils of Informality: Default of Informal Finance in Post-Mao Chi
 na Whilst informal finance has been indispensable for the growth of priv
 ate enterprises in post-Mao China\, there has been little well-evidenced
  research on the risks and the damages it has created when informal fina
 ncing relations break down. As most cases involve a large sum of money (
 hundreds of millions to billions of yuan) and a large number of people (
 up to tens of thousands)\, the damages caused are far beyond financial l
 osses. Drawing on the analysis of two hundred and thirty-one cases repor
 ted in Chinese media and other sources\, we firstly provide an ideal typ
 e and an overview of the defaulted informal financing schemes and then i
 dentify some plausible social and institutional causes behind their defa
 ult. Formalizing China’s informal economy and finance\, we conclude\, is
  inevitable in order to minimize any further damages in the future. [Pap
 er co-authored with Dr Liqiong Li\, Dept of Finance at Fujian University
 \, China]
LOCATION:Cowling Room S2.77
CATEGORIES:Staff,Current Students - PhD
LAST-MODIFIED:20151005T154841Z
ORGANIZER;CN=Kieran Moore:
END:VEVENT
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