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Chinese banks’ shadow credit grows in 1H20, as AM regulations are shelved until 2021

Image by John Salvino on Unsplash

With the implementation of new asset management regulations delayed for another year, shadow credit in Chinese banks is making a comeback, according to Moody’s. Based on statistics from the People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC), the US rating agency’s quarterly report reveals a growth in non-loan assets — or non-loan shadow credit…

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