Nonbanks and Financial Stability:
The Case of China

Description:
Nonbank activities are rising around the world. In both advanced economies and emerging countries, nonbank lenders—or more commonly referred to as shadow banking institutions—have become key players of the financial system, creating business and investment opportunities as well as new risks and regulatory challenges. What’s the impact on banking sector and bank regulation? How to assess potential risks? This talk focuses on the case of China, who dominated global shadow banking asset growth over the past decade, and explores implications for risk and financial stability.

Speaker’s Bio:
Cindy Li is the manager of the Country Analysis Unit at the Federal Reserve Bank of San Francisco. In that capacity, she oversees analysis of banking, regulatory, and economic developments in Asia. Her research interests include financial regulation, financial vulnerability, and economic development.

Ms. Li has written extensively on international financial markets. Her research has been published in peer-reviewed journals and presented at academic and regulator conferences. Prior to joining the FRBSF, she was a senior economist at the Milken Institute, where she led many research projects on global capital market trends, financial regulations, and the Chinese economy.

Ms. Li received her Ph.D. in economics from the University of California, Riverside, with research focused on informal finance and economic development. She holds a bachelor’s degree in international finance from Peking University in China. She also holds the designation of Chartered Financial Analyst (CFA).