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China’s central bank is at the forefront of a regulatory push to tame shadow banking. Photo: Reuters

China’s central bank leads charge to shine regulatory light on the risky business of shadow banking

Update

China’s financial watchdogs are considering casting a huge new regulatory net over the country’s vast shadow banking sector.

The central bank has spearheaded the drafting of new regulations to tame China’s 60 trillion yuan (HK$67.7 trillion) “asset management” industry.

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