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 . . .
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