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2023 | Buch

Social Trust

Informal Finance and Economic Transformations

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This book explores how social trust impacts the Chinese economy. Due to the profound social changes brought by rapid urbanization, China's traditional social trust system gradually weakens. How to rebuild and enhance social credit remains as a key and difficult project. Exploring case studies from the real estate market, private banking, and urban financing, this book explores the value of informal social links to the economic functions of a society and how to rebuild them when they erode. This is of interest to scholars of China's economy and society.

Inhaltsverzeichnis

Frontmatter

Social Trust and Informal Finance

Frontmatter
Chapter 1. Significance of the Sociological Study on Informal Finance
Abstract
This part of the book studies the problems of informal finance, especially the broken debt chain caused by the broken social trust, which leads to the informal financial crisis and its resulting problems. The second chapter of this book will give a clear definition of informal finance and its related concepts, which will not be described here.
Liu Weiping
Chapter 2. Concepts, Methods, Research Findings, and Innovations
Abstract
This chapter mainly analyzes the basic process of informal financial emergence, development, and crisis outbreak in the urbanization process of a prefecture-level city in the past decade from the perspective of social trust. Since this study is an empirical study on financial issues in a regional society, this paper involves a large number of unfamiliar concepts, place names, and people, as well as local knowledge and literature, this chapter focuses on the introduction of these theoretical concepts, place names, research methods, data sources, and the main findings and innovations of the study.
Liu Weiping
Chapter 3. Traditional Social Trust and the Rise of Informal Finance in City D
Abstract
This chapter mainly introduces the scale of informal finance in City D, the rise and development process of informal finance and the traditional interpersonal trust network it relies on.
Liu Weiping
Chapter 4. Social Trust Rupture and Informal Financial Crisis in City D
Abstract
By introducing the “abnormal death” of a private entrepreneur which ignited the informal financial crisis in City D, this chapter analyzes the causes of Social Trust Rupture in city D and stressed that the informal capital market, which is gradually formed and developed on the basis of trust of individuals in acquaintance society and informal lending behavior, is a necessary supplement to formal finance.
Liu Weiping
Chapter 5. Strategies of Different Departments to Cope with Informal Financial Crisis
Abstract
This chapter selects crisis governance sections of three organizational systems, namely financial supervision department, local judicial department and local government, and shows the governance strategy of City D for this public crisis.
Liu Weiping
Chapter 6. Efforts to Reshape Regional Finance with Government Credibility
Abstract
This chapter indicates that due to the local government not being able to provide a satisfactory solution to the informal financial crisis, most of the informal capital has been deeply trapped in the debt quagmire of the informal financial crisis. The new informal capital no longer believes in any investment project, and would rather deposit money in the bank than easily participate in the “PPP” mode advocated by the government. The whole informal investment environment has deteriorated, and people’s basic confidence in project investment has collapsed. Therefore, the reconstruction effect of the government led regional trust system is extremely limited.
Liu Weiping
Chapter 7. The Reconstruction of Trust System and the Modernization Transformation of Regional Finance
Abstract
This chapter suggests that the urgent task for the transformation of economic and social development is to restore social confidence, rebuild the social trust system, and promote the modernization of regional finance.
Liu Weiping

National Trust and Economic Transformations

Frontmatter
Chapter 8. Development Finance: Crack the Urbanization Financing Risk with Government Credit Enhancement
Abstract
This chapter gives a detailed description of how to further develop China's financial industry and how to avoid the occurrence of crisis as much as possible during the development in the changing financial environment after the international financial crisis, so as to better serve the real economy has become an important topic that must be answered after the crisis.
Liu Weiping
Chapter 9. Development Finance: A Financing Platform Between the Government and the Market
Abstract
This chapter points out that the core of development finance with Chinese characteristics is to build a “bridge” between the government and the market. Development finance addresses the phenomenon of “market failure” due to information asymmetry and alleviates the problem of “government failure” due to the inefficiency of fiscal subsidies and other funds through government intervention in financial markets.
Liu Weiping
Chapter 10. The Global Financial Change and China’s Monetary Policy in the New Era
Abstract
This chapter analyzes that to make the market play a decisive role in the allocation of resources, it’s of great importance to improve the system of financial institutions in which commercial finance, development finance, policy finance, and cooperative finance have a reasonable division of labor and complement each other.
Liu Weiping
Chapter 11. China’s Economic Adjustment and Rebalancing: Inspirations, Challenges, and Strategies
Abstract
This chapter offers an in-depth and thorough analysis combined with the current global situation, which will help us to judge the current economic situation comprehensively and accurately, and it is also of great significance to formulate the right response measures.
Liu Weiping
Backmatter
Metadaten
Titel
Social Trust
verfasst von
Liu Weiping
Copyright-Jahr
2023
Verlag
Springer Nature Singapore
Electronic ISBN
978-981-9929-31-3
Print ISBN
978-981-9929-30-6
DOI
https://doi.org/10.1007/978-981-99-2931-3

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