Shadow lending threatens China's financial stability
Recent financial failures put China's shadow financial system back on the policy agenda
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In this article
- Direct lending
- Indirect lending
- Off-the-books lending by official banks
- Underground banks
- Reputation intermediaries
- P2P lending
- Demand
- Supply
- State-owned banks squeezed
- Negative interest rates at state banks
- Few investment opportunities
- Exploiting privileged access
- Costs and dangers
- No legal protection
- Corporate failures
- Real estate contagion
- Policy response
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "The headquarters of the People's Bank of China in Beijing, China (Reuters/Kim Kyung)")