【每日阅读训练第四期——速度越障22系列】【22-04】经管 Shadow Banking

君君爱TS

掌管 6        00:07:46.27        00:19:12.24
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掌管 2        00:02:36.10        00:05:02.88
掌管 1        00:02:26.78        00:02:26.78
china's lending rate is controlled be the government and forbid the institutions and companies to lend from each other.
As a result, the shadow banking is very popular in china because the need for loans are large.
There is still many years to go before the interest rate in china be liberated.

鸢尾yuanwei

谢谢小杀妹，notes很有用，先看的notes，然后无计时慢慢读的文章~~~

chaos1026

time1:1min45s
time2:1min59s
time3:1min35s
time4:1min25s
time5:1min20s
time6:6min20s China's regulation of shadow bank and effect of this.How does truth company work and diadvantages of it?
最后一篇看得不是很懂，就知道是围绕中国相关政策展开的，设置的限制的松紧会有什么影响，带来什么压力。还有就是信用产品的伪装价值？唉，明天再看看。。。。

lisa_chan

Time1- 2'16" [368]
P1: The lending mechanism in the past; Now it is different 怎样怎样。
P2: The president of something estimate that the debt is equal to the entire banking system.
P3: The traditional way to solve a crisis is something something. However, when the 2008 crisis came, nobody adopted the new methods. Moreover, one more problem (没看懂)。As a result…问题更加糟糕。

Time2- 2’50” [386]好难懂。。。都是专业词汇
大概P1说传统的处理破产的方法是怎样，然后现在怎样做。P2说08年金融危机以来雷曼兄弟的破产太难看，所以联邦在处理Bear Sterns的案子的时候confronted这个程序，要制定一个新的程序。P3说这个新的程序是怎样的。P4说，所以现在遇到传统的破产案，联邦就用传统的方法。遇到不一样的，就用后面发明的那个方法。。。

Time3- 1’58” [331]
P1 Federal request use of traditional way to handle Lehman case. P2. However the traditional way is broken. The ripple effects of Lehman’s bancrupcy. P3. Is it possible to predict/ avoid crisis? No really… P4. Most importantly that regulators have the tool to handle the crisis situation when it comes.  

Warmup- 1’31” [305]
1. A bank can die from two ways: cancer, 资金运作出问题, and heart attack，怎样疯狂的危机蔓延到整个financial system(不懂啥意思). 2. Ways to prevent cancer. 3. Discussion how to prevent heart attack…… 看不懂看不懂看不懂。。。

Time4- 1‘49” [315]
1. 传统的银行是怎么保证运营的，short term loan with low interest and long term loan with high interest rate. 2. But now when a company is broke, it will want to sell its asset to get cash. When multiple companies try to sell assets, price fall, and more assets have to be sold… This is the problem with Bear Sterns. 3. 然后又说雷曼咋了，没看懂这儿的逻辑关系。 4.最后说新的方法是强制银行买投资保险，这样可以规范银行的行为和限制他们的投资。

Time5-忘记记时了。。。
1. If Lehman borrowed long term loan instead of one-week loan, 情况也许不会这么难看。2. 就说iou insurance是个好东东，会force银行寻找stability。3.阿姆斯特丹大学的一个教授比较支持苛稅。4.耶鲁大学的一个教授又怎成怎么做。5.最后说上一次美国great depression的时候花了多久才搞清楚应该怎么管理银行，现在大概也要花这么久。。。


Time6- 7‘02” [1133]
借贷问题：
1.中国的国有银行有利息上限，所以筹不到那么多的存款；借贷方面也相应的有这些问题。
2. 所以企业愿意跟放高利贷的借钱，20－25％的利息。但是这些高利贷的总额很小，还不到国有银行资产的百分之一。
理财产品：
1. 中国现在有很多理财产品。
2. 有一种是投资公司在银行发行的理财产品，这种产品风险高。
3. 还有一种是银行发行的理财产品，跟投资公司合作的，这种风险低，不过就是变相的存钱。
4. 中小投资者缺乏对理财产品的理解。。。
5. 。。。保险啥的。。。
看不懂了。。。。

特里凡得琅

2‘30
3’01
2‘08
2’06
1‘32
6’58  看得有点儿晕   回忆也写不出来  还得多练。感觉还是太缺乏金融常识

LUCY小可

0‘49
4’02
4‘13
3’17
2‘28
2’50
2‘09
2’07
8‘57

谢谢楼主！后面推荐的文章也很赞！！

饼干小熊

Lap 6        00:04:44.63        00:14:39.48
Lap 5        00:01:27.68        00:09:54.84
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Lap 1        00:02:44.97        00:02:44.97

anmeda117

2'43"
The means for credit growth has transformed from traditional regulatory bank to shadow bank system.
That causes problem that the traditional way to save insolvent organization is not adaptive to the new situation.
3'15"
Use specific examples to illustrate why the traditional way cannot solve the problem.
2'06"
The falling of Leman and other large institutions had serious effects. Therefore, the need for an appropriaye regulatory tool to handle the problem
1'48"
How to make the financial system stable. Deposits need insurance. IOU as a common way for shadow banks, the government must put legal limits on it.
1'55"
Providing several proposals to maintain the stability of finacial market.

8'03"

qiuhao871227

Time1
2'52''
Credit growth shifted from the traditional banking system to shadow banking system,which are very harmful to the traditional banking system when financial crisis happens.
Time2
3'03''
How did the Bear Stearns happen and how did the US confront and deal with it.
Time3
2'35''
The government's resolution mechanisms were either unavilable or potentially distrous.
It is more important to make sure that regulators have the tools to deal with crises when they do occur and systemically important nonbank institutions is the single most important regulatory change that could be made to prevent a repeat of the crisis of 2008.
Time4
2'25''
Introduce the essence of banking and the harmful results of Bear Stearns Cos. and Lehamn Brothers.
Propose one idea is to place legal limits on which firms could use short-term IOUs.
Time5
2'10''
Introduce some merits and shortcomings of IOU Insurance.
Obstacle
7'14''
Shadow banking is a bit scary and is resulted from financial repression.
Then there WMPs come. These products are risky,which are sold through banks without guraranteeing them.
The financial repression on deposit interest will be phased out one day.

杀G给猴看

【Notes for Article 2】

(Warm up) 金融机构可能死于“癌症”：资产（贷款、证券以及其他投资品）无法收回，或资产减值。为防止这种情况发生，公司可以更多的持有资本。但持有资本无法使其避免“心脏病”：疯狂的挤兑。学者们知道如何应对传统的银行挤兑，但对当前的新情况（影子银行）并没有成型的办法。如果美联储没有向金融系统注入数十亿资金，大萧条可能再次发生。
影子银行体系由证券公司、货币市场基金、对冲基金等组成，他们不通过吸收存款融资，而是依靠短期的借据（IOU，一天或几个月内到期）。IOU和存款存在一定相似之处。