Chinese regulator clearly defined shadow banking sector for the first time

 

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China’s top banking regulator for the first time clearly defined shadow banking sector, a step that may lead to further cleaning up of the opaque sector considered to pose risks to the country’s financial system.

Shadow banking has become a hotbed of hidden credit growth and nonperforming assets, which pose a serious threat to financial security and stability. Since 2017, China has significantly reduced the shadow banking sector as part of a massive deleveraging campaign.

The value of China's "narrowly defined" shadow banking sector was estimated to be about 84.8 trillion . . .

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