Abstract
The chapter describes the rise of the internet in Shadow Banking. It mentions P2P and other forms of online financial intermediation. The chapter analyzes the logic behind online finance, and Alibaba and the growth of its online finance arm, Yuebao. The banks and online finance are also described. The chapter also mentions the potential and examples of fraud in online finance. New regulations for internet finance and the impact on growth are discussed. The chapter also states how the banks responded to this form of financial intermediation.
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Collier, A. (2017). The Internet Goes Shadow. In: Shadow Banking and the Rise of Capitalism in China. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-10-2996-7_9
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DOI: https://doi.org/10.1007/978-981-10-2996-7_9
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Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-10-2995-0
Online ISBN: 978-981-10-2996-7
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