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 . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In