In this episode, Dr. Jennifer Huang discusses her PhD research paper, "Evolution of Financial Intermediation and Performance Consequences in China’s Commercial Banks." Spanning the period from 2006 to 2021, the paper explores how Chinese banks transitioned to non-traditional financial intermediation (NTFI). It examines the risks and returns of this shift, shaped by regulatory responses to the global financial crisis, the rise of shadow banking, and the COVID-19 pandemic.
Version: 20241125
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