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  1. Taking fright at the shadows looming larger

    Posted Oct 10th 2011, 12:00am

    ... Tom Holland tom.holland@scmp.com Over the last week or so alarm bells have been ringing over China's shadow banking system. Credit Suisse economist Dong Tao, for example, is warning ... everyone agrees that the shadow banking system has ballooned over recent months. As the authorities have sought to clamp down on bank lending as part of their battle against inflation, China's ...

  2. Wenzhou 'role model' flees amid fraud probe

    Posted Jun 06th 2012, 12:00am

    ... Lending rates so-called shadow banks in Wenzhou demanded on loans in April, according to the central bank's branch there ... Celine Sun in Beijing celine.sun@scmp.com Lin Chunping, a Wenzhou businessman who made headlines when he claimed to have bought an American bank, has fled the city amid allegations that he ...

  3. What the shadow market enthusiasts don't tell you

    Posted Dec 08th 2011, 12:00am

    ... Tom Holland China's shadow banking system has attracted something of a fan club lately. More and more analysts and commentators seem to regard the rapid growth of off-balance-sheet ... be little doubt about the speed with which the shadow market has ballooned. As the authorities sought to crack down on regular bank lending in order to cool overinvestment and inflation, lenders ...

  4. Bank share rebound not the boon it seems

    Posted Oct 12th 2011, 12:00am

    ... overall credit has continued to expand rapidly, thanks to the growth of the shadow banking system. In theory the banks should have little exposure to this under-the-counter lending, much of which ... Tom Holland Yesterday's rebound in mainland bank shares was certainly spectacular, but- alas- less encouraging than it looked. After months in the dumps, Hong Kong-listed stocks ...

  5. Early signs of euro contagion start to show in Hong Kong

    Posted Sep 26th 2011, 12:00am

    ... institutions that have sold to rich mainlanders short-dated instruments that package high-interest loans to developers. The trust loans have emerged as a kind of a shadow banking market in China, ... amid a downturn in business and bank lending. 'I have to reassess China in light of a potential credit crunch. China is moving to a full liquidation phase,' says Martin. Reuters ...

  6. Reformers aiming to achieve bank liberalisation by stealth

    Posted Apr 03rd 2012, 12:00am

    ... a lesson from the US financial crisis, warn that a debt crisis is looming. The bulls take an altogether different view. They argue that the shadow market only exists because the central bank wants ... starved of bank financing. What's more, the bulls believe that far from being a crisis in the making, the shadow system will play a key role in furthering China's financial ...

  7. News - World - FINANCE

    Britain clinches deal on tax havens

    Posted Jun 16th 2013, 12:00am by AFP, AP

    ... that has long operated in the shadows." The ICIJ said it did not put all of the data it has online. It stripped out personal information like e-mail addresses, bank account numbers and phone ... on information sharing. It came as the International Consortium of Investigative Journalists posted online a massive database of private offshore banking entities that could be used for tax evasion. ...

  8. Shot in the arm for an addict patient

    Posted Jan 26th 2008, 12:00am by Kevin Rafferty

    ... engineering skills of the multimillionaire bankers have gone way beyond housing to create what Bill Gross, head of Pimco- the world's biggest bond fund- calls a 'shadow banking system', ... The much-heralded crisis in subprime housing is one indicator. So far banks have written off about US$100 billion because of the soured subprime market, but a lack of knowledge about total exposure has led ...

  9. Digital China, Misys tap into lenders market

    Posted Jan 18th 2008, 12:00am by Staff Reporter

    ... with great potential but one that has been lying in the shadow of state-owned commercial banks. Both parties consider the market- estimated to have as many as 30,000 players- to be their main growth target, especially after major state and city-level banks complete their reshuffling to compete head to head in the high-end market. 'There are so many small banks and credit unions ...

  10. The strain starts to show as China's banks face squeeze

    Posted Dec 06th 2011, 12:00am

    ... An increasing number are withdrawing their money from bank deposits. Instead they are either lending it out directly through China's shadow financial system or they are investing ... Tom Holland For decades China's growth has been powered by investment, and that investment has been financed by the country's banks from their vast deposit base, the captive ...




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