000			01286nam a22001457a 4500
999			_c527557 _d527557
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100			_aTsai, Kellee S. _957892
245			_aWhen shadow banking can be productive: Financing small and medium enterprises in China
260			_aThe Journal of Development Studies
300			_a53(12), Dec, 2017: p.2005-2028
520			_aSmall and medium enterprises (SMEs) represent the backbone of China’s economy, yet they face challenges in accessing bank credit. SMEs thus rely on a wide range of alternative sources, including informal finance, online peer-to-peer (P2P) platforms, registered non-banking financial institutions (NBFIs), and underground financiers. This article distinguishes among different types of ‘shadow banking’ to clarify popular misconceptions about the nature of risks associated with informal financial intermediation in China. Given their familiarity with local business conditions and needs, regulated and well-managed NBFIs could provide an enduring foundation for commercialised financial intermediation serving SMEs.- Reproduced https://www.tandfonline.com/doi/full/10.1080/00220388.2016.1228877
773			_aThe Journal of Development Studies
906			_aSMALL SCALE INDUSTRIES
942			_cAR