Shadow Banking for Cash-Strapped Entrepreneurs: A Study of Private Lending Agreements Under Chinese Contract Law

Lerong Lu

Shadow Banking for Cash-Strapped Entrepreneurs: A Study of Private Lending Agreements Under Chinese Contract Law

Lerong Lu

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Abstract

This article discusses and analyses one of the most popular commercial contracts in China: private lending agreement. It refers to moneylending arrangements between a business borrower and its debt investors. Millions of private businesses in China, having limited access to the state-dominated banking sector, rely on private financing to borrow funds. The market volume of the private lending sector amounts to CNY 4 trillion (USD 580.6 billion). In 2014, there were 1.02 million private lending-related civil cases heard by Chinese courts.

Original language	English
Pages (from-to)	216-229
Journal	Journal of Business Law
Issue number	3
Publication status	Published - 1 Apr 2018

Keywords

Contract law
commercial contract
private lending
private financing
China
shadow banking
corporate finance
financial regulation
Chinese economy
law and finance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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title = "Shadow Banking for Cash-Strapped Entrepreneurs: A Study of Private Lending Agreements Under Chinese Contract Law",

abstract = "This article discusses and analyses one of the most popular commercial contracts in China: private lending agreement. It refers to moneylending arrangements between a business borrower and its debt investors. Millions of private businesses in China, having limited access to the state-dominated banking sector, rely on private financing to borrow funds. The market volume of the private lending sector amounts to CNY 4 trillion (USD 580.6 billion). In 2014, there were 1.02 million private lending-related civil cases heard by Chinese courts.",

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N2 - This article discusses and analyses one of the most popular commercial contracts in China: private lending agreement. It refers to moneylending arrangements between a business borrower and its debt investors. Millions of private businesses in China, having limited access to the state-dominated banking sector, rely on private financing to borrow funds. The market volume of the private lending sector amounts to CNY 4 trillion (USD 580.6 billion). In 2014, there were 1.02 million private lending-related civil cases heard by Chinese courts.

AB - This article discusses and analyses one of the most popular commercial contracts in China: private lending agreement. It refers to moneylending arrangements between a business borrower and its debt investors. Millions of private businesses in China, having limited access to the state-dominated banking sector, rely on private financing to borrow funds. The market volume of the private lending sector amounts to CNY 4 trillion (USD 580.6 billion). In 2014, there were 1.02 million private lending-related civil cases heard by Chinese courts.

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KW - commercial contract

KW - private lending

KW - private financing

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KW - financial regulation

KW - Chinese economy

KW - law and finance

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Shadow Banking for Cash-Strapped Entrepreneurs: A Study of Private Lending Agreements Under Chinese Contract Law

Abstract

Keywords

UN SDGs

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