Lightly-regulated fintech platforms are contributing to credit growth within China’s shadow banking sector. Photo: AFP

China’s shadow bank lending balloons to 58trn yuan, as focus shifts to risks from fintech platforms

Mid-year data compiled by Moody’s shows that the shadow banking sector is equivalent to 82 per cent of the Chinese economy, prompting concern new internet lending platforms need tighter supervision

Topic |   Banking & Finance

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Lightly-regulated fintech platforms are contributing to credit growth within China’s shadow banking sector. Photo: AFP
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