China’s shadow banking expands for first time since 2017, economic leverage expected to rise further
STOCKS
China’s shadow banking expands for first time since 2017, economic leverage expected to rise further
STOCKS

China’s shadow banking expands for first time since 2017, economic leverage expected to rise further

 

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Chinese shadow banking assets increased in the first quarter of the year for the first time since 2017 as Beijing pledges faster credit growth to shore up the economy hit by the coronavirus outbreak.

Overall shadow banking assets in the world's second largest economy increased by 100 billion yuan in the first quarter of 2020, showed a recent report published by the global ratting agency Moody’s Investors Service.

That marks the first increase in two-and-a half years and followed a decline of 2.3 trillion yuan drop in 2019.

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