Inside China's Shadow Banking: The Next Subprime Crisis?  by Joe Zhang
张化桥...

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The Economist 杂志最新一期的Top Story 报道了张化桥及他的新书：

China’s shadow banks

The credit kulaks

The growth in wealth-management products reflects deeper financial distortions

As the grandson of a “rich farmer”, a stigmatised class in communist China, Joe Zhang grew up on the wrong side of the ideological tracks. At school he envied the town-kids who could look forward to a cushy job minding grain-stores or writing propaganda. But after winning a spot at university, he eventually escaped into central banking in Beijing and, later, investment banking in Hong Kong. By pleading, petitioning and playing a lot of ping pong (a sport he hates) he was even admitted into the Communist Party in 1985.

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Maggie Zheng (郑雪梅)

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