Shadow banking could hinder financial reform in China
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In this article
- Shadow banking
- Aggregate finance
- Drivers of instability
- Low returns
- Triangular debts
- Local government funding
- Slowing deposit growth
- Capital leaks
- Proliferation of non-bank credit institutions
- The illusion of capitalisation
- Tipping point?
- Short-term benefit
- Long-term costs
- Outlook
What is this?
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_350.jpg "A man walks past the head office of Bank of China in Beijing (REUTERS/David Gray)")