China Cinda Asset Management has grown its shadow-lending business to 158 billion yuan from 9.7 billion yuan in 2011. Photo: Reuters

China's shadow banking too profitable to stop

Asset management companies, created by the mainland government to tackle bad bank debt, have become key players in financing the sector

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China Cinda Asset Management has grown its shadow-lending business to 158 billion yuan from 9.7 billion yuan in 2011. Photo: Reuters
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