Tag Archives: China’s shadow banking

Joe Zhang: Why Microcredit Firms Become Popular in China

Week in China wrote an article about private banks in China and it cited Joe Zhang regarding microcredit firms and the reason they become popular in China… According to Joe Zhang, who has spent time running a microcredit firm (and recently authored Inside China’s Shadow Banking: The Next Subprime Crisis?) the rapid growth of this […]

Joe Zhang: Shadow Banking in China, in a Way, Serves the Community too

“In spite of the stigma, the risky business helps serve the community by providing loans to those in need on flexible terms that real banks can’t” – Joe Zhang Shadow banking is lending activities outside regular banks. Despite what some would say, it is a reputable business on the mainland. It fills a legitimate need. […]

Joe Zhang: Reasons to be Bullish on Chinese Banks

Joe Zhang, Chairman of Guangzhou Wansui Micro Credit Company, and the author of “Inside China’s Shadow Banking: The Next Subprime Crisis?”, wrote an article in the Economist on reasons to be bullish on Chinese banks… “Ultimately, Chinese banks are very liquid today. As long as the economy is still growing, albeit at a much slower […]

8 Questions: Joe Zhang, Inside China’s Shadow Banking

Wall Street Journal asked Joe Zhang 8 questions on his experience as an insider of China’s shadow banking. “Mr. Joe Zhang’s book is part memoir of his time as chairman of microfinance company Wansui Micro Credit in Guangzhou, and part reflection on the need for financial reform in China. While much of what has been […]