![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2022/09/qiao-e1663604839384.jpeg?w=150&h=180&crop=1)
Finance Without Law: The Case of China
In a new article. I investigate how two financial markets of trillions of dollars each have developed extralegally in the past two decades, creating risks of regulatory enforcement actions and contract defaults. More specifically, I examine (1) how Chinese internet …