Press "Enter" to skip to content

China’s shadow banking assets hit three-year low in first half – Moody’s

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China’s shadow banking assets shrank to the lowest level in almost three years in the first half of 2019 amid a government crackdown on shadow banking, according to the quarterly report on China's shadow banking from the global ratings firm Moody’s Investor Service.

Overall shadow banking assets, including entrusted loans, trust loans, banker acceptances, assets funded by wealth management products (WMPs) and loans from private finance firms, shrank by 1.7 trillion yuan ($238 billion) in the . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top