We examine the resilience of Chinese banks during the COVID-19 pandemic by investigating non-performance loan (NPL) ratios. We find that despite the reduction in the growth rate of total bank lending, bank NPL ratios significantly increase during the COVID-19 crisis. Banks with high-quality...

This study examines the impact of negative interest rate (NIR) regimes on corporate tax behavior. We argue that NIRs act as a de-facto tax levied by central banks and investigate how this ‘tax’ affects banks’ corporate tax planning. Using a sample of domestic banks in OECD countries and a...

Foreword -- Chapter I: Evolutionary Trajectory of China’s Financial Sector over Seven Decades.-Chapter II: Evolutionary Trajectory of Financial Institutions in China -- Chapter III: Structure and Evolution of China’s Financial Market System -- Chapter IV The Evolutionary Trajectory of the...