Is China at Risk of a Financial Crisis?

On Wednesday 21 February 2024, the Corporate Law and Financial Regulation program of the Melbourne Centre for Commercial Law and the Asian Law Centre hosted a hybrid seminar exploring whether China at risk of a financial crisis. Recent events in the Chinese real estate market, especially the well-publicised problems of the giant and highly indebted property developers Country Garden and Evergrande, followed by Moody’s recent announcement of a negative outlook on Chinese government debt, have resurrected this question, which has surfaced repeatedly over the past ten years.

Seminar slides

What is the risk of a financial crisis in China?

View the event recording

About the speakers

Dr Michael W. Taylor has had a varied career as an academic, journalist and public official, working at various times for the Bank of England, the International Monetary Fund, the Hong Kong Monetary Authority and the Central Bank of Bahrain. He has published widely on financial regulation, including a textbook entitled Global Bank Regulation (with Heidi Schooner, 2009), as well as producing the founding statement for the Twin Peaks model of financial regulation for the London think tank, the Centre for the Study of Financial Innovation, in 1995. Until recently, Michael was Moody’s Chief Credit Officer for the Asia Pacific region.

CHAIR
Dr Andrew Godwin is acting General Counsel at the Australian Law Reform Commission, a Principal Fellow at Melbourne Law School, a member of the Corporate Law and Financial Regulation Research Program at the Melbourne Centre for Commercial Law and Honorary Associate Director (Commercial law) of the Asian Law Centre. He works and researches in the areas of financial regulation, financial services law, corporate and insolvency law, property law, and the regulation of the legal profession. Andrew is a fellow of the Australian Academy of Law and a member of the Advisory Board of the Asian Business Law Institute in Singapore.