XIA 

Daile

Daile Xia is currently a postdoctoral research fellow of Tsinghua University School of Law. She finished her Ph.D. at Peking University Law School in July 2016,where she also served as the editor-in-chief of Peking University Law Review. She obtained her LL.M. degree from Columbia Law School and Peking University Law School, and took her first degree in law in East China University of Political Science and Law.

Daile’s research interests lies in financial law, corporate law, corporate finance and comparative studies. She has published several papers on shadow banking, corporate vote buying, and corporate distribution. Her doctoral degree thesis is on shadow banking, which shed some light on why the definition of shadow bank in China is boarder than the universal one.

Research Areas

Shadow Banking: Risks and Regulatory Reforms

Daile plans to approach her research from three perspective: first, regulation reform on shadow banks; second, view shadow banking as a milestone of the evolvement of systemic risk; third, special regulatory issues on Chinese shadow banks.

Under the first perspective, it can be found that shadow banking shows a universal tendency that credit intermediation is transferring from traditional financial institutions (banks) to financial markets. The risk remains but the regulatory tools are losing powers under the new context. Under the second perspective, she would regard the 2007 financial crisis as a development of the 1998 Long-term Capital Management crisis in the U.S. and review the development of systemic risks. Under the third perspective, she plans to analyse an important kind of Chinese shadow banks: wealth management products and the related regulatory issues.